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.
The $940 billion compensation awarded to Epic Systems in its case against Indian IT major TCS is unprecedented - shaking the industry out of its complacency to information security. Cyber law expert "Naavi" takes a close look at the implications for India.
The SWIFT messaging platform, which was hacked during the Bangladesh Bank heist, is used widely by most Indian banks for international financial transactions. Institutions that rely on the platform must be more vigilant, experts warn.
Anonymous, which launched a DDoS attack on Bank of Greece's website and those of several other banks, plans to attack top banks from Southeast Asia. Can Indian banks deflect such attacks with adequate DDoS defences?
Close on the heels of the QNB leak, the same attackers have published data that appears to be from UAE-based InvestBank. The dump appears to contain payment card data, as well as a large number of sensitive, internal files relating to the bank's employees and systems.
Following a massive data leak, Qatar National Bank has confirmed that its systems may have been hacked. A group with Turkish ties has claimed credit for the attack and reportedly threatened to release information from a second bank hack.
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.
Have you tested things before they break? Could an email be a trap? In honor of Star Wars Day, we proudly present essential cybersecurity lessons as derived from - and delivered via - the wisdom and wit of the iconic space opera.
For years, we have been talking about why corporate boards of directors should pay much greater attention to the issue of information security. Could a new cybersecurity assessment app help get board members involved?
As the U.S. Congress unanimously approves the Email Privacy Act, the question arises: Is India ready for such legislation? Security leaders discuss what prevents the enactment of such a law and whether law enforcement is even ready for one.
Cybersecurity could become a $35 billion industry in India by 2025, creating more than 1 million jobs, says Indian IT trade association Nasscom. But until the government, academia and industry get on the same page, delivering on that vision will be difficult.