The third edition of ISMG's Data Breach and Fraud Prevention Summit in Asia took off June 8 in Mumbai. Here are some highlights and first impressions from the day-long event, featuring key industry thought leaders.
Demonstrating the return on security investment and getting management buy-in remain some of the less glamorous, but very real challenges faced by Indian CISOs, says Shivkumar Pandey of the Bombay Stock Exchange.
Insider fraud is one of the biggest challenges facing Indian security practitioners, yet they struggle to respond to insider crimes, says Berjes Shroff, CISO of Godrej Infotech, and a speaker at the ISMG Data Breach & Fraud Prevention Summit Asia in Mumbai.
This ISMG Security Report features a discussion of the impact on the global financial services industry of the SWIFT-related theft of $81 million from Bangladesh's central bank and similar thefts. You'll also hear reports on making IT systems more trustable and national governments' spending on cybersecurity.
NIST plans next year to clarify certain provisions in its cybersecurity framework. "Just to be clear, we're not headed toward a version 2.0 right now," Program Manager Matt Barrett explains in an interview. "We're headed to something that's more like a 1.1."
ISMG's upcoming Data Breach & Fraud Prevention Summit Asia 2016 in Mumbai will focus on the latest fraud techniques and technologies, as industry thought leaders take us through new approaches to tackle breaches as well as today's top schemes and solutions to stop them.
The Hong Kong Monetary Authority plans to raise the cybersecurity of its banking system through a new, three-pronged approach. But critics say the regulator needs to come up with clear security mandates to ensure a cybersecure ecosystem.
Narayan Neelakantan, outgoing CISO at the National Stock Exchange of India, is concerned that the lack of capacity in incident response is going to haunt Indian organizations in the near future. He shares insight on IR maturity and the imminent need.
The Reserve Bank of India has issued new cybersecurity guidelines to scheduled banks, directing them to devise cybersecurity policies distinct from their institutions' existing IT or IS security policies.
Security is moving fast, but is still playing a catch-up game with technology. In this scenario, age-old paradigms need to be revised to remain relevant, says Oracle's security lead for APAC, Chris Pickett
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.
Is SWIFT now playing good cop/bad cop? While it initially promised to not police the financial services industry, it's now considering training auditors and suspending banks found to have poor information security practices.
Russian police have arrested 50 people in connection with an investigation into a hacker group suspected of unleashing a five-year series of malware-enabled hack attacks on major Russian financial institutions and stealing $25 million.
Nandkumar Saravade, DSCI's chief, has been named CEO of Reserve Bank of India's new IT subsidiary. Security leaders set expectations for the new role and suggest important areas that need immediate attention.