A new cyberattack trend report from Europol notes that while online criminals continue to refine their capabilities, old and unsophisticated attacks too often still succeed, thanks to poor digital hygiene and a lack of security by design and user awareness.
In the wake of this week's rollout by NACHA, The Electronic Payments Association, of same-day ACH payments in the U.S., fraud departments at originating and receiving banks should be bracing for the new risks posed by faster payments, says NACHA's Jane Larimer, who offers insights on steps to take.
House Homeland Security Committee Chairman Michael McCall calls on Congress to increase spending on quantum computing research to ensure that the United States is the first nation to employ quantum computing as a tool to decrypt data. "We can't lose this one to the Chinese," he says.
As the U.S. ramps up its migration to EMV chip payments over the next three to five years, fraudsters will shift their attention to mobile wallets, says Al Pascual of Javelin Strategy & Research, who describes why in this video interview.
The more than 11,000 financial institutions that use the SWIFT interbank messaging network must annually prove they comply with its new cybersecurity standards or face being reported to regulators and business partners.
The latest ISMG Security Report leads off with a segment in which Managing Editor Jeremy Kirk explains that the massive Yahoo breach not only exposed the accounts of a half-billion customers, but also the weaknesses in the way enterprises employ hashed passwords.
Hillary Clinton and Donald Trump ventured into new territory for their first presidential debate: cybersecurity. It marked one of the few subjects on which both candidates broadly agreed, although the exchange was marked with sharp jabs and an interesting attribution theory from Trump.
Most enterprises, when addressing mobile security, focus on securing applications, such as the devices' operating systems, or preventing the installation of malware. But NIST cybersecurity experts say organizations should take a much broader approach to ensuring mobile security.
As pressure to speed the development of applications intensifies, CISOs must be the "voice of reason," taking a leadership role in ensuring security issues are addressed early in app development process, says John Dickson, principal at Denim Group, a Texas-based security consultancy.
Asked to explain the compromise of 500 million of its users' accounts, Yahoo appears to be trying to blame Russia. Of course, that would be an easy face-saving exercise for a publicly traded firm currently negotiating its $4.8 billion sale to Verizon.
Security expert Sean Sullivan isn't surprised that the massive 2014 breach of Yahoo, which exposed at least 500 million account details, only recently came to light. Here's why, as well as what users must learn from this breach.
Yahoo's disclosure of 500 million stolen accounts, one of the largest-ever data breaches, comes after months of dark-web chatter that indicated the company may be the next victim following Twitter, LinkedIn and Dropbox.