The increase in sophisticated hacking attacks will lead other sectors to follow the lead of the financial services industry in implementing multifactor authentication, says Ken Hunt, CEO of VASCO Data Security International.
Is Amazon India on the verge of extending its online payments gateway to offline sellers and kiranas? And if so, what are the potential business implications and security risks for Indian organizations?
Emerging malware increasingly puts banks and their customers at risk for fraud. The sooner malware is detected and removed, the less likely banks are to suffer regulatory penalties and fines, and steep losses linked to fraud.
The Reserve Bank of India is considering removal of its two-factor authentication requirement for small-value transactions. The goal: to facilitate easier transactions. But security experts fear the move may actually increase fraud.
Spear phishing is going to be a leading worry for banks in 2015, as hackers increasingly target bank employees to compromise credentials used to access consumer and business accounts as well as critical servers and systems.
A new report now claims the breach at JPMorgan Chase is linked to a server the bank's security team overlooked when upgrading to two-factor authentication controls. Why that oversight and a well-planned spear-phishing attack were all hackers needed.
Security experts see the FIDO Alliance's release of two universal authentication specifications as a positive move in the effort to eliminate passwords. But the standards' impact will be minimal unless they're widely adopted.
A recent blog post by Managing Editor Mathew J. Schwartz, "Why Are We So Stupid About Passwords?" raised a number of issues about the ongoing risks involved in using passwords for authentication. Read the strong reaction to the commentary and join the conversation.
The latest entrant into the password "hall of shame" is Sony Pictures Entertainment. As the ongoing dumps of Sony data by Guardians of Peace highlight, Sony apparently stored unencrypted passwords with inadequate access controls.
Retailers cannot avoid innovation. Yet, cybercriminals thrive when retailers innovate. What, then, can retailers do to stop cybercriminals from breaching their defenses? Here are three key questions to answer.
MasterCard is testing a biometric wristband that authenticates a user's identity for payment card transactions by monitoring their heartbeat. Payment experts weigh in on whether the technology has the potential for widespread use in preventing card fraud.
As numerous attacks have demonstrated, two-factor authentication systems are not foolproof, says Ryan Lackey, a principal in the security practice at CloudFlare, who offers insights on how today's authentication systems must evolve.
The U.S. government could be a year away from allowing citizens to use the same authentication credentials to get services from multiple departments and agencies, says Jeremy Grant, who oversees the National Strategy for Trusted Identities in Cyberspace.