While many banks and merchants in Britain, France and Germany have long complied with the PCI Data Security Standard, deregulation has led organizations in other European countries to start taking PCI compliance more seriously and use it for competitive advantage.
The release this week by the PCI Security Standards Council of a new PCI compliance resource for small merchants is being lauded by the banking and payments community. But how effective will the resource be at actually convincing merchants to move forward with PCI compliance?
Security firms are warning that they've seen a spike in infections tied to a virulent strain of trojanized Android adware called Shedun - a.k.a. HummingBad - that can root smartphones, survive factory resets and earn cybercriminals big money.
More than half of all Android smartphones have a flaw that can be exploited to bypass the devices' full-disk encryption. As a result, law enforcement agencies - or attackers - could access all supposedly encrypted data being stored on vulnerable devices.
As more organizations in the Asian market outsource their security functions, they still will need to have a CISO, stresses Scott Robertson, vice president for Asia-Pacific and Japan at the cloud-based security firm Zscaler.
While PCI compliance is a priority for many U.S. retailers, some major companies in Australia say they'd rather forego the cost of compliance and risk the possibility of steep fines if a card breach occurs.
RBI Governor Raghuram Rajan's decision to step down at the end of his term in September has provoked interesting discussions within the security fraternity. Leaders believe he has been instrumental in setting a new cybersecurity vision for the banking sector
The security landscape is undergoing churn in India, and Deloitte's Akshay Garkel warns that with the country's regulators making big moves, the next six months should keep practitioners on their toes.
In the latest ISMG Security Report, our editors analyze Symantec's pending purchase of Blue Coat; vulnerabilities in mobile banking apps; retailers' objections to a national data breach notification bill; and the relaunching of the IRS Get Transcript tool after a breach.
Some 85 percent of the mobile banking apps in the Asia-Pacific region fail basic security checks, according to a recent study by AppKnox. Experts outline the challenges faced by banks in securing mobile apps and share some recommendations.
Asking how many different technologies consumers will tolerate when it comes to paying for their goods and services is a bit like asking how many more superheroes moviegoers will countenance in the latest "Avengers" film.
IBM's Vaidyanathan Iyer says security practitioners need new tactics to bridge the skills gap and fight emerging threats. He suggests the use of analytics and machine learning would easily help fill the gap in detecting threats.
In the wake of reports that 65 million stolen credentials from micro-blogging platform Tumblr have surfaced online, following 117 million LinkedIn credentials, it's clear that 2016 is fast becoming the year of what one security expert dubs "historical mega breaches."
Singapore is considering data privacy and protection legislation soon, owing to strong support from the industry's data privacy and protection leaders. The government seems to be studying EU's General Data Protection Regulation closely to incorporate some elements.