The Reserve Bank of India's "New Umbrella Entity" initiative, designed to support a digital retail payments system similar to National Payments Corp. of India, would be a game-changer to boost digital innovation in the payments industry, according to a panel of experts.
Despite the shift to e-commerce during the pandemic, attacks against POS devices persist. For example, Visa's payment fraud disruption team uncovered recent malware attacks on POS devices used by two North American hospitality companies.
John McAfee, the founder of the cybersecurity firm that bears his name who also is a serial entrepreneur and a former presidential candidate, has been charged with federal income tax evasion. Plus, the SEC is accusing him of promoting initial virtual coin offerings without disclosing he was paid to do so.
Organizations around the world must build stronger cyber resilience programs to help ensure they can bounce back from cyberattacks, says Craig Rice, group director of cyber resilience at Aviva, a British multinational insurance firm, who describes how regulatory requirements will evolve.
Using intrusive technologies to check staff behavior in an effort to fight against supply chain fraud is ineffective, says Richard Dailly, managing director in Hong Kong at the security firm Kroll, who explains why.
A Chinese-speaking hacking group used a rare Unified Extensible Firmware Interface bootkit dubbed "MosaicRegressor" to target nongovernment organizations and diplomatic missions with an espionage campaign for two years, the security firm Kaspersky reports.
Privacy regulators in Germany have slammed clothing retailer H&M with a $41 million fine for collecting and retaining private employee data in violation of the EU's General Data Protection Regulation. H&M has apologized, instituted changes and promised to financially compensate employees.
Organizations in all sectors need to end "the dichotomy between privacy and security" and avoid a checklist approach to privacy protection, says digital ethics expert Ivana Bartoletti, who explains why ensuring customers' privacy is essential to a company's survival.
A new malware variant dubbed Black-T developed by the hacker group TeamTnT targets exposed Docker daemon APIs to perform scanning and cryptojacking operations, according to researchers at Palo Alto Networks' Unit 42.
Digital identity is coming of age as a way to enable COVID-19 contact tracing, crack down on payment fraud and much more, says Tony Craddock of the Emerging Payments Association.
Security researchers at Appgate are warning about a recently uncovered ransomware variant called Egregor that appears to have infected about a dozen organizations worldwide over the past several months. The gang behind this crypto-locking malware is threatening to release data if victims don't pay.
To help ensure security as India moves to digital payments, enterprises need to educate their customers to help them understand potential risks and take the right precautions, says payments expert Navin Surya.
Eight months after Microsoft issued a critical security update fixing a remote code execution flaw in Exchange Server, more than half of these mail servers in use remain vulnerable to exploits, according to the security firm Rapid7.
Among the most malicious and potentially dangerous cyber incidents affecting the healthcare, energy and other sectors are evolving "distruptionware" attacks - including ransomware - that aim to shut down businesses, says retired FBI agent Jason G. Weiss.
A recently updated version of the "InterPlanetary Storm" botnet is now infecting Mac and Android devices as well as those running Windows and Linux, researchers at Barracuda Networks say.
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