The Reserve Bank of India issued a notice to all cooperative banks advising them to apply caution while deploying third-party core banking applications and check for appropriate security standards. The move came after credential theft incidents at some banks. But will banks heed the advice?
Support for building in privacy and security by design is growing as a result of the explosion of such new technologies as such artificial intelligence, IoT and various digital devices, says Latha Reddy, co-chair of the Global Commission on the Stability of Cyberspace.
Open source software components may be free, but that doesn't automatically make them safe to use. "There can be risks involved," says Steve Giguere, of Synopsys, who says these risks are often compounded by the pressure to deliver goods to market quickly and with new features.
As organizations move more data into the cloud, too many are treating security as an afterthought, says Outpost24's Bob Egner. Instead, as part of an agile development program, he recommends making penetration testing a constant, and using solid DevSecOps to maintain optimal cloud data security.
RSA's most recent Quarterly Fraud Report shows that "newsjacking" is increasingly empowering phishing attacks, says Angel Grant, RSA's director of identity fraud and risk intelligence. The report also shows a continuing surge in mobile app fraud.
Apps for smartphones pose many privacy risks. But Venugopal C of Check Point says the European Union's General Data Protection Regulation, which is now being enforced, potentially could have an impact on the kind of information apps gather.
As attackers get increasingly sophisticated in reverse-engineering applications, it is imperative that enterprises secure trusted applications that are reaching back into the datacenter from beyond the perimeter, says Rusty Carter of Arxan Technologies.
What matters most, right now, to the information security community? At RSA 2018, RSA's president said WannaCry was a wakeup call for vulnerability and risk management. Other experts see artificial intelligence, machine learning and secure coding as hot trends.
In an in-depth interview, Golok Simli, CTO at India's Union Ministry of External Affairs, sizes up the shortcomings of the Information Technology Act, 2000 and discusses the ongoing challenges involved in protecting privacy.
Organizations are increasingly incorporating open source code elements into their software development to accommodate agile development methodologies and swift go-to-market requirements, but not many are addressing the security concerns that follow, says CA Veracode CTO Chris Wysopal.
Organizations are developing new apps at the speed of business. But through the use of vulnerable code, they also are creating new risks just as fast. Chris Eng of CA Veracode offers new strategies and solutions to mitigate open source and third-party risks.