The Reserve Bank of India has decided to allow all banks to use remote video-based "know your customer" authentication for onboarding new clients. But some observers say many Indian banks may prove reluctant to use video KYC because they lack the necessary technology and new customers lack smartphones.
One of biggest challenges of complying with Thailand's Personal Data Protection Act, which will go into effect in May, is managing the consent of customers, says Surachai Chatchalermpun, CISO with Krung Thai Bank, the nation's largest state bank.
A federal judge in Atlanta has given final approval to a settlement that resolves a class action lawsuit against credit bureau Equifax, which in 2017 suffered one of the largest data breaches in history. The minimum cost to Equifax will be $1.38 billion.
The British government continues to delay deciding whether it will ban Chinese networking gear from its national 5G rollout, as the Trump administration demands. But with future trade deals on the line as the U.K. navigates its "Brexit" from the EU, Britain cannot afford to anger either Beijing or Washington.
Corporate network security breaches, which can prove costly to remediate and expose a company to lawsuits, are frequently the result of vulnerabilities that could have been fixed for a relatively low cost. A a brute force penetration test is a critical first step in finding those vulnerabilities.
Six months after Facebook agreed to a landmark privacy settlement with the U.S. Federal Trade Commission that resulted in a $5 billion fine, a federal judge is still considering objections from advocacy groups that claim the deal doesn't go far enough.
British regulators have fined Dixons Carphone $653,000 for a breach that exposed millions of payment card details and personal data due to point-of-sale malware. The retailer's lack of security contributed to a "careless loss of data," the Information Commissioner's Office says.
Not even George Orwell could have predicted nation-state surveillance in the 21st century. Give us free instant messaging for our smartphones, and faster than you can say "viral kitten video," we're collectively part of a mass surveillance nightmare. Case in point: The ToTok social messaging app.
Adopting the policies in NIST 800-171 brings multiple security-related benefits, including best practices for data access policies, reduced risk of data breaches and insider threats, and a scalable approach to protecting sensitive data.
Protecting enterprise networks from attackers boils down to the same thing: Unless organizations get the basics right, they're sitting ducks. That's a top takeaway from experts warning that Iran will likely retaliate with cyberattacks after one of its senior military leaders was killed by a U.S. drone strike.
In a video interview, Justice B.N. Srikrishna, chairman of India's Data Protection Committee, explains why he's disappointed with the revised draft of a data protection bill, which he says diluted most of the provisions that the committee had proposed.
The Maze gang crypto-locked Georgia cable and wire manufacturer Southwire's systems and publicly dumped stolen data to try to force it to pay a ransom. In response, Southwire has sued its attackers and obtained a court order in Ireland that knocks the gang's "name and shame" site offline.
"I don't think most organizations are prepared for the personal data protection and privacy bill that has been approved by the cabinet, as most people still confuse privacy and security and think that it is just an add-on to security," says Privacy Expert, Shivangi Nadkarni, CEO, Arrka Consulting.
The cybersecurity outlook for 2020 and the new decade will be characterized by more advanced, targeted and coordinated attack vectors designed to exploit the cybersecurity skills shortage, along with congenitally poor security fundamentals and hygiene.
While CCPA has drawn the biggest headlines when it comes to new U.S. privacy laws, businesses and consumers should also take notice of New York's SHIELD Act, which goes into effect in March 2020. The law is expected to have impact on Wall Street firms and other financial institutions headquartered in the state.