Bangladesh Bank has opted to not extend a contract with the incident response team that it hired to investigate the theft of $81 million via fraudulent SWIFT messages. Meanwhile, similar hack attack tactics have apparently been used to steal $10 million from an unnamed bank in Ukraine.
Britain's surprise vote to "Brexit" the European Union leads the ISMG Security Report. Also hear analysis on a cybercrime forum selling remote server access; Comodo being in hot water by saying "let's encrypt"; and why Facebook CEO Mark Zuckerberg covers his webcam with tape.
Achieving international acceptance of PCI-DSS is an ongoing challenge, says Jeremy King, international director of the PCI Security Standards Council, who's working to educate merchants about baseline security that goes far beyond cardholder data protection.
"Brexit" means that British law enforcement agencies will likely have a harder time taking a bite out of cybercrime as well-regarded intelligence-sharing relationships get severed and must be renegotiated.
Comodo made no new friends last week when it claimed that a nonprofit project, Let's Encrypt, stole its business model. Now, the digital certificate giant says it will not pursue applications aimed at securing trademarks using the phrase "Let's Encrypt."
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.
In this edition of the ISMG Security Report, you'll hear reports on the U.S. government nabbing healthcare fraudsters; federal agencies at risk of exposing highly sensitive data; and the hacking of brokerage accounts.
In the wake of a majority of British voters opting to leave the European Union, the U.K. Information Commissioner's Office argues that the country should still comply with the EU's data privacy rules. But will politics get in the way?
Security leaders say data science is becoming the building block of contemporary security solutions, showing great promise for developing necessary cyber defences. But where and how is data science best deployed?
Reacting to strong complaints from retailers, three major card brands have finally taken steps toward reducing the amount of counterfeit fraud chargebacks to U.S. merchants, which began as a result of the EMV fraud liability shift last October. But was the action by the brands bold enough?
The U.S. Securities and Exchange Commission has obtained an emergency court order to freeze the assets of U.K. citizen Idris Dayo Mustapha, who it accuses of hacking into individuals' brokerage accounts to engineer and profit from stock price fluctuations.
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
With ransomware attacks surging, all organizations should ensure they have an enterprise backup and disaster recovery plan in place, and eliminate all unnecessary, outdated or disused applications and services running on endpoints and servers, says ESET's Mark James.
Following the SWIFT-focused hack attacks, a U.S. government watchdog agency is auditing the Federal Reserve's effectiveness when it comes to ensuring that U.S. banks have robust information security and data breach prevention programs in place.