In the wake of recent SWIFT-related interbank payment heists, more banks are monitoring transactions for anomalous behavior in an attempt to catch fraud in real time, says Andrew Davies, a fraud prevention expert at core banking services provider Fiserv.
The FBI is warning U.S. businesses to beware of business email compromise scams focused not just on creating fraudulent wire transfers, but also stealing personally identifiable information. Experts, however, are criticizing the FBI's alert as being too little, too late.
As insider channels increasingly become the vector through which attackers gain unauthorized access to data, organizations must look at context-aware security to understand user behavior and prevent data leak, says Naveen Gurusiddaiah of Micro Focus.
With rampant password, patch management and data missteps, it can feel like information security déjà vu all over again as security professionals fight so many of the same battles as 10 or 20 years ago, says white hat hacker Cris Thomas, a.k.a. "Space Rogue."
Collaboration, information sharing and a need to keep security discussions real and grounded are just some of the themes that were reinforced by speakers and attendees at the ISMG Data Breach and Fraud Prevention Summit in Mumbai.
Dropbox is keeping a close eye on the latest news reports of big-name, big-data breaches, but says the reported hackers are bluffing when claiming to have compromised and obtained the web storage service's data.
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.
With hack attacks continuing against banks, SWIFT must follow in the footsteps of other vendors - notably Microsoft - and begin offering detailed, prescriptive security guidance to its users, says Doug Gourlay of Skyport Systems.
Russian email service Mail.Ru says its users' credentials contained in data leaked to Hold Security are 99.982 percent invalid, leading it to slam the security firm for stoking "media hype." But Hold Security's CISO contends the leak contains valid email addresses that could be used for phishing and spam.
A security firm claims to have obtained from a young Russian hacker a data set that includes 272 million unique credentials for Hotmail, Gmail and Yahoo email addresses, among others. But there's no reason to panic, security experts say.
The section chief of the FBI's Cyber Division says "the FBI does not condone payment of ransom," in part because it enables criminals to victimize others. Instead, the bureau continues to urge all potential victims to get their IT house in order.
Five new payment card data security requirements for third-party service providers are among the most significant changes included in version 3.2 of the PCI Data Security Standard released April 28, says Troy Leach of the PCI Security Standards Council.
What could be worse than a ransomware infection? How about getting infected by "torture ransomware" that uses a sadistic puppet to taunt you, slowly deleting your encrypted files while increasing the ransom demand until you pay?