COVID-19 has accelerated the shift to digital banking. Now financial organizations must balance robust fraud prevention with a frictionless user experience, says Mike Slaugh, executive director of financial crimes management at USAA.
IoT devices are like sausages: They're full of components of varying quality, and it's invariably disturbing to think about their origins. New guidance helps address how to reduce the risk of potentially vulnerable components in connected devices.
Distributed denial-of-service attacks have not garnered much attention this year. But analysts say such attacks could surge, and they have the potential to be just as damaging as ransomware and other types of cyberthreats.
Ticketmaster UK has been fined $1.7 million by Britain's privacy watchdog for its "serious failure" to comply with the EU's General Data Protection Regulation. Its failure to properly secure chatbot software led to attackers stealing at least 9.4 million payment card details.
A recently uncovered point-of-sale malware called "ModPipe" is targeting Oracle software used by thousands of restaurants and other businesses in the hospitality industry, according to researchers at ESET. This backdoor can then steal sensitive data, such as cardholder names.
An unauthorized person apparently gained access to a database of insurance software firm Vertafore and compromised the driver's license information of over 27 million Texans. Security analysts say a misconfigured database is the likely culprit.
Despite a Thursday deadline that would have forced China-based ByteDance to shut down its TikTok video-sharing app in the U.S., the Commerce Department will allow the company to continue its American operations for now as various court cases continue.
The gang behind the Ragnar Locker ransomware posted an ad on Facebook in an attempt to publicly shame a victim so it would pay a ransom. Security experts say the innovative tactic is indicative of things to come.
A House of Representatives staff report concludes that existing technology and infrastructure could be used to allow lawmakers to securely cast their votes remotely during the COVID-19 pandemic. But some Republicans question whether remote voting is, indeed, feasible.
A German appeals court has slashed by 90% the $11 million General Data Protection Regulation fine levied last year against 1&1 Telecom by the nation's federal privacy watchdog over call center data protection shortcomings. Experts say the case is a reminder that all GDPR fines can be appealed.
Three state-sponsored advanced persistent threat groups - one Russian, two North Korean - have been targeting companies across the globe involved with COVID-19 vaccine and treatment development, Microsoft says.
"Better, cheaper, faster." These are the results that banking institutions can receive by shifting security to the cloud, says David Vergara of OneSpan. At a time when multi-channel fraud is surging and the customer experience is paramount, cloud needs serious consideration, he says.
The latest edition of the ISMG Security Report features an analysis of how President-elect Joe Biden is expected to renew international relationships needed in the fight against cyberattacks. Also featured: the pandemic's impact on cybercrime; analysis of Europol's annual cybercrime report.
Two senior U.S. Department of Homeland Security officials have been forced to resign, and a senior cybersecurity official fears he will be fired by the Trump administration, according to news reports. The moves have raised questions over U.S. stability during the transition period to President-elect Joe Biden.
The Muhstik botnet, which has been operating for at least two years, has recently started targeting vulnerabilities in the Oracle WebLogic application server and the Drupal content management system as a way to expand its cryptocurrency mining capabilities, according to security firm Lacework.
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