While digital banking has been a buzzword in Bangladesh's banking sector, only a few banks have embarked on the digital journey with proper security, says Rahel Ahmed, managing director and CEO of Prime Bank in Bangladesh, who outlines essential steps.
Critical steps when implementing a privileged access management program include auditing of activities performed by administrators and continuous monitoring of user activity, says Sujit Christy, group CISO at John Keells Holdings, a conglomerate based in Sri Lanka.
The Reserve Bank of India's "New Umbrella Entity" initiative, designed to support a digital retail payments system similar to National Payments Corp. of India, would be a game-changer to boost digital innovation in the payments industry, according to a panel of experts.
To help ensure security as India moves to digital payments, enterprises need to educate their customers to help them understand potential risks and take the right precautions, says payments expert Navin Surya.
The Secure Access Service Edge - or SASE - model can help CISOs make incremental progress on enhancing security while designing a long-term strategy, says Siddharth Deshpande, director of security strategy for Asia-Pacific and Japan at Akamai Technologies.
Starting and maintaining an Anti-DDoS service is both expensive and challenging. Andy Ng and Donny Chong of Nexusguard share their insight and key takeaways from a recent roundtable discussion with ISMG.
CISOs are gaining additional discretionary powers to make risk-based decisions, especially as organizations implement the ISO 27035-3 incident response standard, says Khawaja Mohammad Ali, CISO of a large federal bank in Pakistan.
TikTok and WeChat both received reprieves over the weekend that helped avert U.S. blocks of their social media apps. President Donald Trump says he has given his "blessing" to a deal that would see Oracle and Walmart take a stake in TikTok's U.S. operations. Separately, a federal judge suspended a WeChat ban.
An organization has successfully implemented a "zero trust" framework when it can achieve context-aware resolution of a risk, says Dr. Siva Sivasubramanian, CISO of SingTel Optus, an Australian telecommunications firm.
The key components of an effective "zero trust" architecture include multifactor authentication, network segmentation and a defense-in-depth approach, says Dr. Erdal Ozkaya, regional CISO and managing director at Standard Chartered Bank in the United Arab Emirates.
The world of third-party risk management is rapidly changing. Each day, organizations like yours face new security, privacy, and compliance threats when working with third parties. The good news is there are world-class teams around the world that are paving the way with new best practices for the next generation of...
The COVID-19 pandemic has prompted some banks in Bangladesh to consider moving to a completely digital model - but most banks aren't ready, says Prabeer Sarkar, CEO at Dhaka Distributions, a cybersecurity software company
European banks are not ready to meet the Dec. 31 deadline to comply with the PSD2 regulation, which requires strong customer authentication when providing API access to banking platforms, says Dr. Steven J. Murdoch, a principal research fellow at University College of London.
The Reserve Bank of India's draft of a framework for new self-regulatory organizations, including one that would help oversee payment system operators, fails to adequately address security issues, some observers say.
The need for enhanced business agility and secure remote access to support digital transformation has led to the adoption of the security access service edge, or SASE, model, says Rajpreet Kaur, senior principal analyst at Gartner.
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