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.
The FBI has sent a letter to Apple asking for help in accessing encrypted data from two iPhones belonging to a deceased shooter. The bureau's move may be a prelude to another legal fight between the FBI and Apple over strong encryption.
"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.
The personal data of about 120,000 Singapore defense personnel is reportedly compromised through email phishing attacks against two security vendors, according to a statement by the Ministry of Defense.
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.
The only constant for financial services institutions is change. Regulations are constantly shifting, along with customer expectations, competition, security threats, geopolitical trends or just, technology.
Financial services organizations need to reimagine existing data analytics strategies to capitalize on the...
Introducing Splunk's case studies of each company so that they can improve their business and gain operational and security insights from the massive machine data generated from AWS and hybrid environments.
There is a need to continuously monitor cloud infrastructure performance, usage, security, and availability....
The notorious Joker's Stash carder marketplace has recently listed for sale 460,000 records, including four "Turkey-Mix" batches that feature never-before-seen payment card data that traces to Turkey's 10 largest banks, says cybersecurity firm Group-IB.
Internet crime has grown so rapidly that law enforcement is outpaced. Here's the story of how a Manhattan doctor lost $200,000 in an internet scam, and why he's struggling to get law enforcement's attention.
Two Russian men have been charged with stealing more than $100 million from banks around the world using the notorious Dridex malware, according to an unsealed U.S. indictment that caps off a decade-long investigation led by American and British law enforcement agencies.
In an in-depth interview, John Halamka, M.D., the former long-time CIO at Beth Israel Deaconess Medical Center in Boston, discusses his upcoming move to head Mayo Clinic's global digital health initiative in collaboration with Google - and why privacy and security are so critical to those efforts.
What are the key mobile security threats to financial organizations, and how are these enterprises marshalling their mobile threat defense? These were the questions posed by ISMG and Wandera to security leaders in San Francisco. Wandera's Michael Covington discusses the response.