RBI's recent move to mandate that all banks must use Aadhaar as the primary form of authentication for anyone accessing their bank account is stirring a debate about the long-term role of the authentication mechanism and associated data security issues.
As data protection breaches have become daily headline news and everyone becomes increasingly sensitive about privacy, the regulatory regime is getting tougher. Data protection laws in Europe are more important than ever before - especially as the enforcement deadline of the EU GDPR looms.
With a rise in incidents of omnichannel financial fraud globally, financial institutions need to enhance their ability to detect fraud - while also reducing technical complexity. Maxim Shifrin of IBM Trusteer discusses new solutions.
A veteran security researcher has become entangled in a conflict with Chinese drone manufacturer DJI over his security vulnerability report, which initially qualified for the manufacturer's bug bounty program. The researcher says communications broke down after he refused to sign a legal agreement.
The face-off between security researchers and biometric authentication continues, with a group from Vietnam claiming to have fooled the facial-recognition system, called Face ID, that's built into Apple's latest iPhone by using a handmade mask that includes 3D printouts and a silicone nose.
Want to stop the latest cybercrime bogeyman? For the umpteenth time, put in place well-known and proven strategies for repelling online attacks, such as the Australian Signals Directorate's top 4 mitigation strategies for repelling targeted cyber intrusions.
Security probes into IoT vulnerabilities too often swerve into creepy territory. Take security researchers at Check Point who discovered they could seize control of an internet-connected LG vacuum cleaner's camera, allowing them to turn a roving robotic cleaner into a spy cam.
Security companies are warning that a global attack using compromised IoT devices may be coming soon. Check Point says one million organizations are running a device infected with IoTroop, also known as Reaper, which is botnet code that perhaps is related to Mirai but spreads in a much different way.
The growing use of mobile devices is changing the security landscape, and protection must extend to the device, the application, the connection channel and the network entry point, says Bimal Gandhi, CEO at Uniken Inc.
It's the age of "open banking," and that means changes for banking institutions and their customers - as well as for the fraudsters. Shaked Vax of IBM Security Trusteer talks about new vulnerabilities and anti-fraud strategies.
Mobile malware threats are surging in India. For example, about 40 percent of all the attacks involving Xafecopy malware were targeted at the nation. The increasing attacks on mobile phones have called attention to the need to boost awareness of mobile security and take critical mitigation steps.
If the Equifax breach turns out like every other massive data breach we've seen for more than a decade, after a big brouhaha - from Congress, state attorneys general, consumer rights groups and class-action lawsuits - nothing will change, because that would require Congress to give Americans more privacy rights.
Increased digitisation and adoption of digital banking channels have led to a sharp increase in incidents of mobile fraud, enhancing the challenges for the CISOs in securing these transactions, says Subhash Subramaniam, CISO of ICICI Bank.