Russian authorities typically turn a blind eye to cybercrime committed by citizens, provided they target foreigners. But as the recent "BuyBest" arrests of 25 individuals demonstrate, authorities do not tolerate criminals that target Russians, and especially not anyone who targets Russian banks.
COVID-19: Modern society has never seen anything like it, and neither have financial markets. Venture capitalist Alberto Yépez analyzes the impact of the disease caused by the new coronavirus on public and private companies' valuations, as well as technology buyers and the threat environment.
Because so many organizations and government agencies are functioning in silos, a key component to India's soon to be finalized cybersecurity policy is the creation of an interministerial task force to respond to growing threats, says Lt. Gen. (Retd) Rajesh Pant, national cybersecurity coordinator.
With U.S. stock markets suffering their worst day since 1987 on Monday, most technology firms took a hit as Wall Street continues to be rattled by the COVID-19 crisis. Experts predict this will drive fresh waves of consolidation and M&A in the cybersecurity market, as well as growth in hot areas.
A poor customer experience and insufficient security in the account opening process has been shown to directly and negatively impact long-term customer loyalty, retention and profitability. So, how do you provide a better and more secure customer experience in the digital account opening process?
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Wall Street has been hit by the twin threats of the new coronavirus as well as oil prices plummeting, with the Dow dropping 2,000 points on Monday for its worst day in 12 years. Amidst fears that a recession could tank the global economy, some experts still see upsides for the cybersecurity sector.
The Reserve Bank of India's plans to create a self-regulatory organization by April to help oversee the digital payments system could help reduce the complexity of RBI's efforts to help ensure payments security, some security experts say.
Provident Finanial Group is a FTSE 250 company, and - with 5,700 employees serving 2.4 million customers - Provident understands the strong expectation to work with thirdparties who respect their customer and employee information. New frameworks such as GDPR, recent data breaches, and increased customer expectations...
Cybercriminals targeted mobile banking users by sending malicious SMS messages to their smartphones as part of a phishing campaign to steal account holders' information, including usernames and passwords, according to the cybersecurity firm Lookout.
Police in Indonesia have arrested three suspected members of an e-commerce hacking crew that used JavaScript sniffing code to steal customer and payment card data. The arrests came as part of Interpol's ongoing anti-skimming operation, codenamed "Night Fury," targeting hackers in southeast Asia.
The Reserve Bank of India has decided to allow all banks to use remote video-based "know your customer" authentication for onboarding new clients. But some observers say many Indian banks may prove reluctant to use video KYC because they lack the necessary technology and new customers lack smartphones.
One of biggest challenges of complying with Thailand's Personal Data Protection Act, which will go into effect in May, is managing the consent of customers, says Surachai Chatchalermpun, CISO with Krung Thai Bank, the nation's largest state bank.
"I don't think most organizations are prepared for the personal data protection and privacy bill that has been approved by the cabinet, as most people still confuse privacy and security and think that it is just an add-on to security," says Privacy Expert, Shivangi Nadkarni, CEO, Arrka Consulting.
For two years, an attack group using Ukraine-based infrastructure has been creating hundreds of lookalike domains to target customers of 14 different Canadian banks via phishing attacks, security researchers at Check Point warn.
Starting Jan. 1, State Bank of India will no longer accept magnetic stripe debit card transactions and will accept only EMV chip-based cards in compliance with an RBI mandate, which is designed to help prevent card fraud, including skimming and cloning.
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