Three years after a wave of DDoS attacks hit banks, two years after the Target breach and one year after the massive JPMorgan Chase breach, Standard & Poor's for the first time has warned that it may downgrade the credit ratings of banks that have poor cybersecurity.
In addition to having a dedicated individual or team responsible for privacy matters, organizations must ensure their information security and IT staffs are knowledgeable about data privacy issues, says Trevor Hughes, CEO of the International Association of Privacy Professionals.
The commoditization of attack infrastructure and services in the cyber-criminal underground, and the low cost and ease of launching targeted attacks, are growing concerns that require new defense strategies, says Trend Micro's Raimund Genes.
Cybercrimnals are now using the Dyre and Dridex banking Trojans to gather massive amounts of data about individuals and companies that could enable them to track patterns of behavior, which might later help them evade intrusion detection, says Fox-IT's Eward Driehuis.
PCI Council General Manager Stephen Orfei says the migration to EMV in the United States will facilitate faster adoption of contactless mobile payments. That's why mobile will be a hot topic at the PCI Council's annual North America Community Meeting this week.
Defeating biometrics-based security with far-fetched schemes, such as stealing or replacing eyeballs and fingertips, is a recurring theme in the movies. But real-world advances in authentication will help make it difficult to circumvent real-world security.
The U.S. and China, as part of a cybersecurity agreement, have agreed not to conduct or knowingly support cyber-enabled theft of intellectual property with the intent of providing competitive advantages to companies or commercial sectors.
The cyber expert panel formed by the ministry of Home Affairs late last year came up with its plan to tackle cybercrime in India. Security experts recommend that the ministry focus on state-level skill development.
The severity of the U.S. Office of Personnel Management breach continues to grow, with investigators now reporting that hackers stolen 5.6 million people's fingerprint data. The theft may have security implications well into the future.
As the Indian economy pushes closer to realizing the promise of initiatives such as Digital India, the momentum is causing a strategic paradigm shift in the approach to cybersecurity. DSCI's Vinayak Godse shares observations.
The number of apps infected in the first large-scale Apple App Store malware outbreak is far higher than was first believed, according to the cybersecurity firm FireEye, which reports that at least 4,000 apps were infected with XcodeGhost malware.
Security experts say digital transformation demands that enterprise leaders look beyond compliance to understand business needs. This drives the need for a managed services model to understand and map enterprise risks.
Amid some controversy, a national encryption policy draft was withdrawn by the Indian government within days of its release for public comment. Security experts say the draft reflects a lack of clarity and needs more work.
Responding to U.S. government criticism of China over its persistent online economic espionage campaigns, Chinese President Xi Jinping says that the Chinese government does not hack other nations, or support Chinese companies that do so, and calls for those responsible for cyberattacks to be prosecuted.