Neither Australia nor New Zealand currently has laws on the books requiring organizations to notify people affected by data breaches. But both countries do say they are committed to introducing that requirement.
Information Security Media Group is premiering the twice-weekly ISMG Security Report, a concise, on-demand audio report in which ISMG editors and other experts analyze the latest IT security news.
Data today is money - especially in financial services, where account data is every hacker's target. How, then, can institutions mask that data and protect it when it's in non-production environments? Mike Logan of Delphix offers new insights.
Upticks in point-of-sale fraud and surges in ATM skimming are hitting community banks hard, Doug Johnson of the American Bankers Association says in this video interview. Why are smaller institutions feeling the pain?
The Swiss government says that online attackers used a variant of "Turla" malware - previously tied to campaigns with suspected Russian intelligence ties - to steal at least 23 GB of sensitive information from state-owned defense firm RUAG.
After Kansas Heart Hospital suffered a ransomware infection and paid the demanded ransom, its attackers demanded more. At that point, the hospital reportedly declined to comply, relying instead on its pre-prepared backup and recovery plan.
Walmart's lawsuit against Visa, which claims the card brand is unfairly preventing retailers from requiring that customers enter PINs when they conduct EMV debit transactions, poses important questions about fair business practices, says Liz Garner of the Merchant Advisory Group.
Too few organizations have in-house incident response teams. As a result, they lack the native ability to even detect evolving threats, such as ransomware, says Ann Barron-DiCamillo of Strategic Cyber Ventures in this video interview. What are the must-have response capabilities?
Officials in several nations are probing the security of the SWIFT interbank messaging system in the wake of recent hacker attacks. Can the bank-owned cooperative better police members, secure access to its network as well as spot emerging hack attacks and fraud?
Another series of SWIFT-enabled hack attacks against a bank has come to light, following the theft of $81 million from the central bank of Bangladesh and SWIFT warning that other banks are also being targeted.
Today's threat actors are more focused, funded and disruptive than ever. But the cybersecurity defense industry is not built to respond appropriately, thought leader Tom Kellermann of Strategic Cyber Ventures says in this video interview. What are security leaders overlooking?
Banks and regulators have begun reviewing SWIFT-related information security practices and requirements following the online heist of $81 million from Bangladesh Bank. Authorities say much of that money is still missing.
In a shocking twist, the developers behind the TelsaCrypt ransomware have apologized for their ransom campaign and released a master decryption key, which all victims can now use to unlock the malware.
In today's rapidly changing cyber threat environment, the federal government needs to take a lead role in making sure mobile device security is adequate, says security researcher Stephen Cobb, who analyzes ongoing investigations by the FTC and FCC in this audio interview.
Mary Jo White, chair of the U.S. Securities and Exchange Commission, says cybersecurity is the biggest risk facing the financial system. Financial institutions need to do more to build data security policies tailored to their risks, she stresses.
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