The Australian Bureau of Statistics blames IBM for failing to stop distributed denial-of-service attacks that crippled its website on the evening of the country's largest-ever online census. But were census-takers misinterpreted as DDoS attackers?
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.
Why are hacked healthcare records so valuable? It's because stolen patient records often end up for sale on the deep web as part of information packages called "fullz" and "identity kits" used by fraudsters to commit a wide variety of crimes, says James Scott of the Institute for Critical Infrastructure Technology.
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.
Federal regulators have entered a $400,000 settlement with an organization that provides centralized corporate support services for a number of New England-area covered entities, citing the lack of an updated business associate agreement. What lessons can be learned from the settlement?
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.