Although The Bangladesh Central Bank has mandated all banks in the country comply with the PCI Data Security Standard, many are not yet compliant, says Abul Kalam Azad, head of IT security and compliance at Eastern Bank.
As the risks to IT and OT converge, organizations must ramp up their threat intelligence information sharing mechanisms and build a more comprehensive cybersecurity policy, says Singapore-based John Lee, managing director of GRF Asia, a federation for building global resilience.
Linda Gray Martin and Britta Glade, organizers of the three-day RSA APJ Conference that starts July 15, describe their efforts to create a virtual event to replace the usual gathering and provide an overview of educational content.
Using artificial intelligence and machine learning, bundled with an orchestration layer, will help CISOs mitigate cyberthreats, says Bharat Anand, chief of technology at NATGRID, the intelligence sharing network of the government of India.
A massive DDoS attack generating 809 million packets per second was recently directed against a large European bank, according to the security firm Akamai, which describes in a new report the unusual approach the attackers took.
A hacking group dubbed CryptoCore has stolen more than $200 million in virtual currency from several cryptocurrency exchanges over the past two years, the security firm ClearSky Cyber Security reports.
Vulnerabilities due to "coding errors" in a number of mobile banking applications make them all too susceptible to hacking and customer account data theft, the security firm Positive Technologies warns.
Southeast Asia has become a hotbed for cybercrime activities, says Anthony Bargar, former deputy CISO of the U.S. Department of Defense, who says enterprises in the region need to take a collaborative defense approach to respond to this new threat environment.
The attack sounds ripped from an episode of TV show "24": Hackers have infiltrated a government network, and they're days away from unleashing ransomware. Unfortunately for Florence, a city in Alabama, no one saved the day, and officials are sending $300,000 in bitcoins to attackers for a decryption key.
Europe is targeting financial and economic crime, including fraud and money laundering, via the new European Financial and Economic Crime Center, hosted by the EU's law enforcement intelligence agency Europol. Officials say the launch of such a center during the COVID-19 pandemic is no accident.
Surveillance researchers at Citizen Lab have tied thousands of "Dark Basin" corporate espionage phishing attacks to a small Indian cybersecurity firm called BellTroX InfoTech Services. It's led by Sumit Gupta, who was indicted by the U.S. in 2015 for criminal hacking on behalf of private investigators.
Addressing digital payment security challenges requires having good identity verification capabilities as well as a strong authentication process that's friction-free for consumers, says Singapore-based Gautam Aggarwal, senior vice president and regional chief technology officer, Asia Pacific, at Mastercard.
To battle against a surge in cybercrime during the COVID-19 pandemic, enterprises need to take several steps, including periodic vulnerability and risk assessment tests and regular audits, says Rajan Pant, founder of IT-SERT of Nepal. Pant also is calling on the government to take action.
The identity and access management strategy for the remote workforce should ensure contextual authentication to establish the credentials of the users, apply risk-based authentication for measuring user risk profiles, and establish a multifactor authentication mechanism, a panel of experts says.
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