Developing nations that are moving to digital payments, especially for the unbanked, need to keep in mind security lessons already learned in other markets, including Europe, says Steve Marshall, founder at Risk-X, a U.K.-based audit and risk assessment consulting firm.
The FBI has arrested the CEO of the Canadian smartphone service Phantom Secure on charges that he and four other suspects ran an encrypted telecommunications service used by more than 20,000 customers to facilitate illegal activities, including international shipments of cocaine and other drugs.
Equifax has a new problem in Australia, a country that was left unscathed by the credit bureau's devastating data breach. The Australian Competition and Consumer Commission alleges the credit bureau deceived vulnerable consumers by misrepresenting its products and charging for services that should have been free.
Leading the latest edition of the ISMG Security Report: The Trump administration sanctions Russian organizations and individuals over U.S. election interference, the NotPetya campaign and energy sector hacks. Also featured: A deep dive into the use of so-called active defense.
The PCI Security Standards Council is offering 40 percent lower fees for participating organizations in nations with lower-income economies. "We want to encourage countries in Africa and South Asia to get engaged with us," Jeremy King, international director at PCI SSC, tells ISMG in an exclusive interview.
President Donald Trump's nominee to head the National Security Agency and U.S. Cyber Command, Lt. Gen. Paul Nakasone, faces two Senate committee hearings as part of his nomination process. He'll face questions on cyber defense, privacy and combating information warfare.
If you browsed the latest security headlines, you'd probably think the majority of data breaches were related to hackers, political activists, malware or phishing. While the latter two hint at it, the truth is that nearly half of all data breaches can be traced back to insiders in some capacity.
The Securities and Exchange Commission and the Department of Justice have both charged Jun Ying, a former CIO at data broker Equifax, with engaging in illegal insider trading after he determined that his employer had suffered a massive breach.
To the surprise of many, $120 million allocated by Congress since late 2016 to help the State Department combat foreign governments' U.S.-focused propaganda and disinformation campaigns hasn't been spent. Meanwhile, midterm U.S. elections are fast approaching.
Whoever unleashed malware built to disrupt last month's Winter Olympics in Pyeongchang, South Korea, designed it to look like it had been executed by a group of hackers tied to North Korea. But researchers at the security firm Kaspersky Lab say any such attribution would be false.
Kaspersky Lab says it has uncovered an elegantly written piece of malware that leverages a Latvian-designed router to launch stealthy attacks. The security firm hints that the malicious code could only have come from a well-resourced attacker, but it stops short of naming one.
Regulators are struggling to keep up with the proliferation of online trading schemes. Here's the story of an Australian woman who lost AU$63,000 on a platform called Millennium-FX. She is trying to recover her money, which ended up in an account controlled by a 30-year-old Russian man who lives in Cyprus.
A zero-day flaw in Adobe Flash, recently patched, has been targeted by a group of attackers that may have ties to North Korea as part of an apparent attempt to hack into Turkish banks, security firm McAfee warns. It notes that there are signs that financial institutions in other countries are also being targeted.
The U.S. Senate is considering a banking reform bill that would ban credit agencies' practice of charging for a credit freeze, one of the crucial steps experts say can help pre-empt identity theft. Lawmakers have been under intense pressure to create laws that better protect consumers following Equifax's data breach.
Leading the latest edition of the ISMG Security Report: America's top general says the U.S. response to Russian election interference isn't as well coordinated as it needs to be, and Pennsylvania sues Uber for failing to notify data breach victims in a timely manner.
Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how visitors use our website. By browsing bankinfosecurity.com, you agree to our use of cookies.
