Data breaches, incident response and complying with the burgeoning number of regulations that have an information security impact were among the top themes at this year's Infosecurity Europe conference in London. Here are 10 of the top takeaways from the conference's keynote sessions.
An essential component of protecting payment information is devaluing the data that is transmitted so it's of no use to hackers, says Lance Johnson, executive director of the PCI Standards Security Council.
A closely held type of point-of-sale malware, DMSniff, is spreading further while another, GlitchPOS, has also emerged. Despite a surfeit of stolen payment card details on the black market, efforts to steal more continue, highlighting the continuing challenges around card security.
As part of its ongoing push toward cashless payments, India is taking steps to ramp up the use of contactless payments, which are already becoming more common in Japan, South Korea, Australia, the U.K. and the U.S. What can be done to balance security vs. convenience?
Forty-three states have reached a settlement with Neiman Marcus over its 2013 data breach, one of several breaches from that period blamed on in-memory malware. The retailer will pay $1.5 million and must use encryption and tokenization to protect card data.
Although the Reserve Bank of India mandated that banks complete the shift from magnetic stripe debit and credit cards to EMV chip-and-PIN cards by Jan. 1 to help reduce fraud, there's still plenty of work to be done.
Following industry standards should not be a compliance-driven, checkbox activity, says the PCI Security Standards Council's Nitin Bhatnagar. "It has to be a holistic approach, and you have to get involved with people, process and technology."
As new payment options continue to emerge via mobile phones and internet of things devices, the PCI Security Standards Council is broadening its security efforts, starting with a new standard for contactless payments coming early next year, says Troy Leach, PCI SSC's chief technology officer.
The Srikrishna Committee's recommendation in its draft of a data protection bill that foreign companies be required to only store domestically certain "critical" data of Indians is impractical and will not help prevent breaches.
With less than three months to go until the U.S. midterm elections, Alex Stamos, until recently Facebook's CSO, says there isn't time to properly safeguard this year's elections. But here's what he says can be done in time for 2020.
When taking steps to guard against fraudulent transactions through contactless payments, organizations must carefully balance the level of security versus customer convenience, says Sriram Natarajan, COO at Quatrro.
As the HIPAA security rule turns 20, it's time for regulators to make updates reflecting the changing cyberthreat landscape and technological evolution that's happened over the past two decades, says security expert Tom Walsh.
Hubris has a new name: Bitfi. The cryptocurrency wallet-building company, backed by technology eccentric John McAfee, earned this year's not-so-coveted Pwnies Award for "Lamest Vendor Response" for how it mishandled security researchers' vulnerability disclosures. Bitfi has promised to do better.