Indian organisations are easy prey for Pakistani hackers who are defacing their websites and sometimes also blocking transactions. But law enforcement is finding it challenging to crack down on foreign hackers because of uncertainty over which Indian laws apply.
A Reuters report claiming executives at SWIFT for years neglected the security of its messaging system has stirred debate among security and anti-fraud experts. Who should take the lead role for security of bank-to-bank transactions - SWIFT or its member banks?
Retailer Eddie Bauer is warning customers that their payment card data may have been compromised by point-of-sale malware during a six-month attack. The warning follows HEI Hotels & Resorts disclosing a 15-month malware attack affecting 20 locations.
Vikrant Arora, CISO of NYC Health & Hospitals, offers the four most important questions a board must ask the CISO to get a good understanding of how the organization is addressing top cybersecurity concerns.
Is the recent breach at HEI Hotels & Resorts linked to the hack of POS systems provider MICROS? And have other POS vendors been breached as well? Security experts offer their analysis and size up vendor vulnerabilities.
It's easy to look at the payments landscape and see only the flaws. But payment card security has come a long way in the past 10 years, thanks in large part to the PCI Data Security Standard. How will card security be refined in the coming decade?
Colin McKinty of security firm BAE Systems - hired by SWIFT in the wake of the $81 million heist from the Bank of Bangladesh - explains why BAE now believes the malware used in the SWIFT-related attacks is not unique.
In the wake of the recent hack of the Bitfinex bitcoin exchange, the stability and security of cryptocurrency is again being questioned. In this video interview, cryptocurrency expert Robert Schwentker contends the attack, and others like it, could lead to regulation of cryptocurrencies.
The reported theft of $69 million worth of bitcoins from a Hong Kong-based exchange highlights the continuing challenges around keeping large quantities of digital currency out of the reach of hackers.
The breach of an offshore account owned by Union Bank of India is raising new questions about the security of interbank payments, which often rely on antiquated backend verification processes that fraudsters seem to be compromising with relative ease.
SentinelOne is taking a marketing gamble by offering to reimburse customers who suffer a ransomware infection if the security firm can't remediate affected systems. But let's take a close look at what's actually on offer.
The Petya ransomware gang says it released 3,500 crypto keys that it stole - along with source code - from rival Chimera ransomware developers. If the keys are legitimate, security firms say they can build decryption tools for Chimera victims.
An investigative report from Reuters paints a disturbing picture of the Federal Reserve Bank of New York using antiquated security practices to safeguard interbank SWIFT payments. Here's how security experts say interbank transaction security must be improved.