President-elect Donald Trump will review the nation's cyber vulnerabilities at the start of his presidency, just like Barrack Obama did. But Trump hasn't demonstrated the deep understanding of cyber that Obama did when he took office nearly eight years ago.
U.K. Chancellor Philip Hammond used the launch of Britain's new five-year National Cyber Security Strategy to trumpet the country's strike-back capabilities. But other parts of the strategy - including more automated defenses - hold much greater promise.
Will the advent of faster payments in the U.S. open new doors for fraud? Business continuity and security are priorities for the Federal Reserve, says Marianne Crowe of the Boston Fed. But independent consultant Richard Party begs the question: Is the U.S. really ready?
India has just woken to a massive breach long anticipated by pragmatic observers in the industry. However, ironically, no responsibility can be pinned. Individual banks are all claiming innocence, and the regulator is MIA.
After 10 days of Microsoft not issuing an advisory or fix for a zero-day flaw found by Google that's being actively exploited in the wild, Google publicly revealed details of the flaw. But Microsoft says that puts its users at further risk.
In light of the increase in ATM fraud in India, it's essential that banks more closely monitor the security efforts of third-party service providers they increasingly are relying on to help manage their networks, says Prakash Joshi, COO at Electronic Payment Systems
Some 3.2 million Indian debit cards may have been compromised, according to the National Payments Council of India. While investigations are ongoing and several banks have reissued at-risk cards, the source of the card exposure has not been officially confirmed.
As U.S. ATM operators face MasterCard's Oct. 21 EMV liability shift deadline, a surge in explosive attacks against European ATMs is a reminder that anti-fraud features won't block all money machine crime.
A malware-wielding gang has been targeting financial firms' SWIFT software to inject fraudulent money-moving messages since at least January in "discreet campaigns" not tied to the Bangladesh Bank hack, Symantec warns.
While the banking industry in India has achieved some security maturity, India Post will be starting from scratch as it launches India Post Payments Bank. But the new bank will have the opportunity to build security into its infrastructure and processes, rather than bolting it on later.
News that a state agency in India was the victim of a ransomware attack highlights the need for public and private sector organizations to promptly take appropriate action to mitigate their risks as hackers start going after low-hanging fruit.
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