Hackers have been plugging inexpensive hardware into banks' local area networks to help perpetrate heists that have stolen tens of millions of dollars, warns Kaspersky Lab. It says that since 2017, the "DarkVishnya" attack campaign has hit at least eight Eastern European banks.
Victims of the massive Marriott International data breach, which exposed data for 500 million customers, including some passport numbers, may be able to claim reimbursement for the cost of obtaining a replacement passport, provided they can prove it led to fraud.
The U.K.'s privacy watchdog says that six months after enforcement of the EU's General Data Protection Regulation began, it's seen a dramatic increase in data breach reports - as well as privacy complaints from the public.
The Financial Services Sector Coordinating Council recently unveiled the Cybersecurity Profile - a framework that integrates widely used standards and supervisory expectations to help financial institutions develop cyber risk management programs. Josh Magri of the Bank Policy Institute outlines key elements.
Credential abuse attacks and identity theft incidents are rising, with attackers leveraging botnets to launch coordinated campaigns with high success rates, says Aseem Ahmed of Akamai Technologies, who shares best practices for mitigating the threats.
A new study shows mobile apps in India seek access to more data than apps in other nations, says Shivangi Nadkarni, CEO at Arrka Consulting. Nadkarni says the data protection bill being considered in India eventually could help curb access to information via apps.
Banks' boards of directors need to understand the implications of cybersecurity in terms of the overall risk structure, says Bhaskar Pramanik, a board member at State Bank of India and former chairman of Microsoft India.
Vaishali Bhagwat, cyber lawyer and advocate, contends that the "harms-based" approach in India's data protection bill is more appropriate than the "rights-based" approach taken by the European Union's General Data Protection Regulation
A batch of documents meant to be kept under court seal lays bare Facebook's strategic brokering of access to user data to reward partners and punish potential rivals. The material also demonstrates Facebook's views at the time on privacy and the risks of leaking data.
How does an organization measure cybersecurity success? For too many, it's simply the absence of a breach. But Diwakar Dayal of Tenable proposes ways to measure a cybersecurity posture, benchmark it against peers and use the metrics to create a report card and reduce cyber risk.
The Monetary Authority of Singapore has announced a grant program to fund up to 50 percent of the cost of certain cybersecurity projects for financial institutions. The goal is to help these institutions establish global or regional cybersecurity centers of excellence.
The healthcare sector is making progress in moving from a reactive to a proactive approach to cybersecurity as it learns lessons from other sectors, including financial services, says Greg Garcia, executive director for cybersecurity at the Healthcare and Public Health Sector Coordinating Council.
To combat cyberattacks, more nations must not only hold nation-state attackers accountable, but also better cooperate by backing each other's attribution, said Estonian politician Marina Kaljurand, who chairs the Global Commission on the Stability of Cyberspace, in her opening keynote speech at Black Hat Europe 2018.