The digital banking shift creates great convenience - for the fraudsters, as well as the customers. What can institutions do to reduce their vulnerability to breaches and fraud? Dave Allen of Bottomline Technologies offers advice.
A security firm claims to have obtained from a young Russian hacker a data set that includes 272 million unique credentials for Hotmail, Gmail and Yahoo email addresses, among others. But there's no reason to panic, security experts say.
The Pakistan National Assembly has approved the cybercrime bill under the Prevention of Electronic Crimes Act, 2015. It is a positive move, but given the challenges of execution, there is still far to go in ensuring a cybersecure ecosystem.
Following a massive data leak, Qatar National Bank has confirmed that its systems may have been hacked. A group with Turkish ties has claimed credit for the attack and reportedly threatened to release information from a second bank hack.
Clinics, laboratories, durable medical equipment suppliers and other smaller healthcare entities need to bolster their breach preparedness as cyberattacks against smaller entities in all sectors continue to multiply, says David Finn of Symantec, who discusses findings from a new report.
The section chief of the FBI's Cyber Division says "the FBI does not condone payment of ransom," in part because it enables criminals to victimize others. Instead, the bureau continues to urge all potential victims to get their IT house in order.
Following the theft of $81 million from Bangladesh Bank, is it time for banks to make SWIFT money transfers less automated and better supervised and thus secure? An alleged scam from the days of telex machines and code books offers useful perspective.
Just six months after law enforcement agencies coordinated a takedown to disrupt online banking credential theft linked to the banking Trojan Dridex, the malware has re-emerged with new attack tactics and new targets, researchers say. U.S. bank accounts and businesses are now primary targets.
The Joint Commission, which accredits healthcare organizations, has reversed its long ban on physicians and other clinicians using text messaging to place orders related to patient care, citing technology advances that enable more secure communication. But users must comply with a list of requirements.
Within the next 20 years, quantum computing could be applied to easily crack current approaches to cryptography, according to the National Institute of Standards and Technology, which already is beginning work on new approaches to encryption that can withstand the power of quantum computing.
Despite continued efforts to shore up security to protect payment card data and other financial information, the U.S. financial services and retail sectors had more data breaches in 2015 than any other business sectors worldwide, according to Verizon's latest Data Breach Investigations report.
The Verizon 2016 Data Breach Investigations report finds malware, ransomware and phishing attacks are more common than ever and creating even more damage. Organizations are continuing to get exploited via vulnerabilities that are months or even years old, forensics expert Laurance Dine explains in this interview.
Vladimir Tsastin, an Estonian national, has been sentenced to serve more than seven years in prison and pay a $2.5 million fine after pleading guilty to running a $14 million click-fraud scheme with more than 4 million victims across 100 countries.