Financial services firms in Africa are becoming bigger cyber targets as they expand into new mobile payment and financial inclusion products. Rob Dartnall of Security Alliance explains why these firms need to invest in information sharing, training and new cybersecurity practices to avoid breaches.
Credit card giant Capital One is moving past its 2019 hacking incident as federal regulators stop requiring quarterly updates on efforts to improve cybersecurity and a federal judge signs off on a $190 million settlement in a proposed class action lawsuit.
The latest edition of the ISMG Security Report discusses financial giant Morgan Stanley's failure to invest in proper hard drive destruction oversight, the future of ransomware and the gangs that have attacked organizations in recent years, and the methods required to secure new payments systems.
Financial services giant Morgan Stanley will pay a $35 million fine to settle U.S. Securities and Exchange Commission charges that it failed to comply with rules requiring it to safeguard customer data as well as ensure it is disposed of properly.
Customers of app-based bank Revolut should be on guard for phishing attempts after a data breach exposed personal details such as names, emails and telephone numbers. The London-based fintech startup told Lithuanian authorities the hacking incident affects more than 50,000 customers.
Deep Instinct has tasked the former CEO of Palo Alto Networks and COO of Zscaler with reworking the company's go-to-market strategy to better serve large enterprises. The company has moved longtime executive Lane Bess from the executive chair to the CEO's seat to recruit experienced sales leaders.
In the latest "Proof of Concept," David Pollino, former CISO of PNC Bank, and Ari Redbord, head of legal and government affairs at TRM Labs, join ISMG editors to discuss ethical concerns for CISOs, cryptocurrency regulations, and potential foreign interference in the U.S. midterm elections.
SandboxAQ bought French vendor Cryptosense to help organizations migrate and defend key stores and hardware security modules using post-quantum cryptography architecture. Combining SandboxAQ's network scanning capabilities with Cryptosense's visibility will help firms discard RSA-based encryption.
Four editors at Information Security Media Group analyze private-public partnerships today, preview ISMG's upcoming cybersecurity summit in Africa and discuss the increasing use of intermittent or partial encryption by ransomware gangs as a means to extort money from victims faster.
Software point of sale or SoftPOS is a groundbreaking technology that allows businesses to accept card payments directly on their devices without requiring any additional software. As this payment method gains widespread adoption, what does it mean for the security of our payments systems?
The U.S. Department of Justice obtained its first ever guilty plea in a cryptocurrency insider trading case after Nikhil Wahi, 26, admitted to a scheme to buy crypto assets ahead of their listing on Coinbase. Wahi is one of a trio facing charges that includes his brother, a former Coinbase employee.
In the latest weekly update, Ari Redbord, head of legal and government affairs at TRM Labs, joins ISMG editors to discuss how extremist groups could circumvent sanctions and fund terrorism through NFTs, the limitations of digital assets regulations, and new U.K. rules for crypto exchange reporting.
Banking regulators are looking for ways to tackle authorized payment scams, such as spreading the risk to other banks. In a new report on how eight countries are handling this fraud, researcher Ken Palla advises banks to focus on reimbursing victims and preventing the theft.
The latest ISMG Security Report discusses a new phishing-as-a-service toolkit designed to bypass multifactor authentication, the decision by Lloyd's of London to exclude nation-state attacks from cyber insurance policies, and challenges at Okta after it acquired customer identity giant Auth0.
Federal officials recently froze the assets of Ethereum blockchain cryptocurrency mixer Tornado Cash, stating that civil and potentially criminal penalties await those who use the service. On this week's "Sound Off," crypto expert Ari Redbord explains why the sanctions are "exceptional."