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.
Law enforcement agencies in five countries have shut down WeLeakInfo.com, which allegedly provided cybercriminals with access to over 12 billion personal records culled from 10,000 data breaches.
As business email compromise schemes continue to evolve, some cybercriminals are focusing on accessing companies' financial documents, which provide useful information to support the theft of money, according to a new report from security firm Agari.
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.
As if ransomware wasn't already bad enough, more gangs are now exfiltrating data from victims before leaving systems crypto-locked. Seeking greater leverage against non-paying victims, Maze and Sodinokibi attackers are not just threatening to leak stolen data; they're also following through.
One gaping hole in the U.S. government's push to counter Chinese-built 5G telecommunications gear remains the lack of alternatives. But a bipartisan group of senators is seeking to create a $1 billion fund to create trusted, Western-built options.
While secure coding has always been an imperative, in a cloud-based environment, BMC Software's Rick Bosworth says it is especially critical since the liability does not rest with cloud services providers for secure configuration.
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.
A new Princeton University research paper finds that five major U.S. prepaid wireless carriers are leaving their customers open to SIM swapping attacks. The main culprit is weak account authentication procedures that attackers can easily exploit.
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.
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