As a result of high-profile breaches, emerging malware threats and increased regulatory scrutiny, CISOs at financial institutions are under more pressure than ever to develop innovative strategies for enhancing cybersecurity. And the CISO's evolving role will be a hot topic at RSA Conference 2016.
To boost security and eliminate the need for passwords, MasterCard plans to later this year roll out a facial biometrics app for authentication of online purchases. But some experts warn that biometrics technology is not fool-proof and should only be deployed as part of a layered authentication approach.
The re-emergence of the mobile banking Trojan known as Acecard, which is now threatening a broader range of targets worldwide, highlights the growing risks associated with Android devices and the need for banks and mobile app developers to do more to protect users' accounts.
The PCI Security Standards Council will soon release an update to its PCI Data Security Standard, requiring the use of multifactor authentication for administrators who have access to card data networks. In an interview, the council's Troy Leach explains the new requirements and compliance expectations.
Who's right: Apple or the FBI? Our readers continue to debate a magistrate judge ordering Apple to help unlock an iPhone tied to a San Bernardino shooter, raising such issues as strong crypto, backdoors as well as legal and moral responsibilities.
Leading banking Trojans are expanding their targets, taking aim at industries outside banking to compromise financial accounts and other information, new research shows. And the botnets are proving difficult for law enforcement officials to take down.
By spring, banks and credit unions across the U.S. are expected to start rolling out "card-free" ATMs, offering transactions that experts say will eliminate fraud losses linked to skimming, and at the same time open new doors for mobile payments.
Kevin Haley, a researcher at Symantec, says the moneymakers behind Dridex are successfully infecting thousands of users worldwide on a monthly basis, purely through spam - making Dridex the most dangerous banking Trojan on the market today.
The United States and Israel hacked into Iran's military and civilian infrastructure as part of a secret program code-named "Nitro Zeus" that was designed to disable the country's critical infrastructure on demand, claims the new documentary film "Zero Days."
Multiple hospitals from Hollywood to Germany have been hit recently by ransomware attacks. It's a reminder that no organization is immune to outbreaks of malware that's designed to forcibly encrypt all data stored on PCs and servers.
The formation of a new U.K. taskforce that aims to curb financial fraud is getting mixed reviews from industry experts. Is this just a government PR move, or can the taskforce truly be effective? And could such a group have an impact in the U.S.?
Antonin Scalia's replacement could help push the Supreme Court to reinterpret the Constitution's Fourth Amendment to make it harder for the government to surveil citizens online and seize their records stored on servers maintained by cloud service providers.
Warning: Too many voice over IP devices being used in enterprise environments have well-known default passwords or no security at all, thus leaving organizations at risk from covert surveillance and toll-fraud scammers, experts say.
Hong Kong toymaker VTech has revised its end-user license agreement to make clear that it can't be held legally responsible for any data breaches. Many security experts have reacted with fury. But is VTech's move unusual?