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.
P&N Bank in Perth, Australia, says a server upgrade gone wrong led to the breach of sensitive personal information in its customer relationship management system. The incident is another example how organizations can be imperilled by mistakes on the part of their suppliers.
The latest edition of the ISMG Security Report discusses why Britain is struggling to determine whether to use China's Huawei technology in developing its 5G networks. Plus: An update on a mobile app exposing infant photos and videos online and an analyst's take on the future of deception technology.
A day after the NSA disclosed a significant vulnerability that could affect the cryptographic operations in some versions of Windows, security researchers started releasing "proof of concept" code designed to show how attackers potentially could exploit the flaw. This highlights the urgency of patching.
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.
A federal judge in Atlanta has given final approval to a settlement that resolves a class action lawsuit against credit bureau Equifax, which in 2017 suffered one of the largest data breaches in history. The minimum cost to Equifax will be $1.38 billion.
Five years ago, cybersecurity executive Dave Merkel called upon enterprises to shed their "peacetime" mindsets and adopt a "wartime" stance against persistent cybercriminals and nation-state actors. How have they risen to that challenge?
The British government continues to delay deciding whether it will ban Chinese networking gear from its national 5G rollout, as the Trump administration demands. But with future trade deals on the line as the U.K. navigates its "Brexit" from the EU, Britain cannot afford to anger either Beijing or Washington.
The NSA took the unusual step Tuesday of announcing what it calls a "severe" vulnerability in Microsoft's Windows 10 operating systems ahead of Microsoft's Patch Tuesday security update. The flaw could allow attackers to execute man-in-the-middle attacks or decrypt confidential data within applications.
U.S. Attorney General William Barr is ratcheting up the pressure on Apple to unlock two iPhones belonging to a Saudi national who carried out a deadly shooting in December. The attorney general is labeling the shooting as an act of terrorism and says Apple is hampering a counterterrorism investigation.
Microsoft this week issues the final, free security updates for its Windows 7 operating system, as well as Windows Server 2008 and 2008 R2. But with one-third of all PCs continuing to run Windows 7, experts are urging organizations to immediately move to a more modern operating system.
Proof-of-concept code has been released to exploit a severe Citrix vulnerability present in tens of thousands of enterprises. Citrix says it's developing permanent patches but that enterprises should use its mitigation guidance. In the meantime, attackers are hunting for vulnerable machines.
Corporate network security breaches, which can prove costly to remediate and expose a company to lawsuits, are frequently the result of vulnerabilities that could have been fixed for a relatively low cost. A a brute force penetration test is a critical first step in finding those vulnerabilities.
Six months after Facebook agreed to a landmark privacy settlement with the U.S. Federal Trade Commission that resulted in a $5 billion fine, a federal judge is still considering objections from advocacy groups that claim the deal doesn't go far enough.
British regulators have fined Dixons Carphone $653,000 for a breach that exposed millions of payment card details and personal data due to point-of-sale malware. The retailer's lack of security contributed to a "careless loss of data," the Information Commissioner's Office says.
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