While India's cashless initiative is being spearheaded by the government, all development and design undertaken by all stakeholders needs a common testing process to plug the security and fraud gaps in the ecosystem, says DCB Bank's Prasanna Lohar.
An attack campaign involving a trojanized version of the CCleaner Windows utility, built and distributed by British developer Piriform, was much more extensive than it first appeared and may have installed backdoor software on endpoints at hundreds of large technology firms.
The chairman of the U.S. Securities and Exchange Commission will face the Senate Banking Committee next week following the agency's belated disclosure that in May 2016, hackers stole secret market data from the SEC's systems and apparently used it for "illicit gain through trading."
Analyzing the impact of a breach of computers at the U.S. Securities and Exchange Commission leads the latest edition of the ISMG Security Report. Also, exploring alternative plans to implement cybersecurity regulations on credit reporting bureaus in the wake of the Equifax breach.
Hackers behind the mega-breach at Equifax stole data in May, but they - or other attackers - penetrated the credit bureau's systems in March, exploiting a vulnerability for which Apache Struts had issued a patch, just four days prior.
A federal judge Tuesday dismissed three of six counts in a complaint filed by the U.S. Federal Trade Commission against IoT manufacturer D-Link that alleges its sloppy security practices deceived consumers. The FTC has until Oct. 20 to amend the complaint.
Because a growing number of organizations in India are being hit by cyberattacks, the case for buying cyber insurance appears to be stronger than ever. Nevertheless, security experts say only a handful of the largest companies have made the investment in this insurance so far. Why is that the case?
When creating a security action plan, not enough organizations include provisions for communicating with the police, says Kenrick Bagnall, a detective constable in the cybercrime unit of the Toronto Police Service.
Craig Gibson of Trend Micro has spent more than a decade researching the topic of security orchestration. He offers tactical advice for how organizations can best deploy their human resources to best maximize security across the enterprise.
In North America, many organizations mistakenly believe the European Union's General Data Protection Regulation won't impact them, says Robert Mills of the Information Security Forum. "If they are multinational and holding EU data, it does apply to them," he points out.
Most organizations are good at collecting threat intelligence, but they struggle to operationalize it - and especially to use it for threat attribution. Arbor Network's Paul Bowen tells where organizations are commonly missing the mark.
Oil & Natural Gas Corp. is augmenting its ISOC to serve its enterprise wide network, SCADA and business systems to enable detection of threats in real time, says A.S. Rao, CISO. "We have gone in for a hybrid model to build required skills to completely operationalize the ISoC," he says
Given the current threat environment, it's urgent that organizations add technical experts to their boards of directors to help ensure the development of effective cybersecurity strategies, says Art Coviello, retired chairman of RSA.
