Even before the pandemic set us on the road to a global recession, many banks were struggling to balance the polarising pressures of a changing world and keeping to business as usual.
Will the COVID-19 pandemic lead to a spike in the number of reported data breaches? Not necessarily, says cybersecurity expert Brian Honan. But he says that the rush to adopt cloud-based services and expanded remote services might change the types of breaches being reported.
Is Microsoft coming to TikTok's rescue? It appears that's a very strong possibility following President Donald Trump's threat Friday to ban the app in the U.S. Microsoft hasn't committed to buying part of TikTok, but says if it did, it would bring the popular app world-class security and privacy protections.
The "zero trust" model can play a critical role in mitigating emerging threats. That's why Information Security Media Group will host on Aug. 4 a virtual cybersecurity summit for Southeast Asia on applying the model.
How many different shades of bizarre is the data breach notification issued by software vendor Blackbaud? Over the course of three paragraphs, Blackbaud normalizes hacking, congratulates its amazing cybersecurity team, and says it cares so much for its customers that it paid a ransom to attackers.
The latest edition of the ISMG Security Report analyzes the hacking of Dave, a mobile banking app. Plus: Sizing up the impact of GDPR after two years of enforcement and an assessment of IIoT vulnerabilities.
Now that it's been two years since enforcement of the European Union's General Data Protection Regulation began, three attorneys - Kelsey Finch, Jonathan Armstrong and David Dumont - reflect on the lessons learned so far and the compliance gaps that still need to be addressed.
Any nationally chartered bank can now serve as a custodian of the cryptographic keys for a cryptocurrency wallet, according to a letter from the Office of the Comptroller of the Currency. James Wester of IDC analyzes the implications.
Following Twitter's admission that cryptocurrency scammers socially engineered its employees to gain control of 45 high-profile accounts, one reaction has been: Why didn't anyone crack Twitter sooner? Unfortunately, the answer is that they have, especially if you count nation-states bribing insiders.
The U.S. Department of Justice has charged two Chinese nationals with hacking into the systems of hundreds of organizations in the U.S. and abroad. The suspects' activities allegedly included probing for vulnerabilities in systems at companies developing COVID-19 vaccines, treatments and testing tech.
A federal judge has ruled that Facebook's lawsuit against NSO Group - alleging that the Israeli company illegally developed a zero-day exploit to spy on WhatsApp users - can proceed.
Europe's highest court has invalidated the Privacy Shield, a data-sharing agreement between the EU and U.S., on the grounds that the U.S. offers insufficient protection for Europeans' privacy rights. Privacy advocates say the ruling should drive the U.S. to rethink its policies.
Britain's U-turn on Huawei, announcing that it will now ban the manufacturer's gear from its 5G networks, highlights this as yet unresolved problem: Years of underinvestment and policy failures have left Britain and its allies with no inexpensive, trusted alternative.
Although The Bangladesh Central Bank has mandated all banks in the country comply with the PCI Data Security Standard, many are not yet compliant, says Abul Kalam Azad, head of IT security and compliance at Eastern Bank, one of the nation's largest public sector banks, who offers tips on achieving compliance.
Connected devices for consumers don't come with service-level agreements agreements. The travails of Petnet, the maker of an automatic, cloud-enabled pet feeder that has now gone offline offer a tale of caution that points to the need for stronger consumer protection for cloud-enabled devices.
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