Before moving to faster payments, U.S. banks should scrutinize the security gaps exploited in the SWIFT-related bank heists and build effective risk-mitigation strategies that include stronger layers of authentication, financial fraud experts say.
Mike Daugherty, the president and CEO of LabMD who is fighting a legal battle with the FTC over two security indents, explains why he believes the agency is overstepping its regulatory authority. And he says that new FTC probes into PCI compliance and EMV deployment could be on the way.
A consolidated federal class action lawsuit filed against Anthem Inc. in the wake of a massive data breach appears to be one step closer to going to trial, while a similar suit filed against CareFirst Blue Cross Blue Shield has been dismissed.
A breach of an online service used by travelers to book train tickets in the Australian state of New South Wales appears to be more serious than first reported, with authorities advising customers to keep an eye on their accounts.
A Bangladesh probe says that an insider may have assisted attackers in perpetrating the $81 million cyber heist against Bangladesh Bank. SWIFT has unveiled new security measures to help other banks, but security experts say more will be needed.
AusCERT, one of the oldest computer emergency response teams in the world, has created "Flying Squad," an agile, quick strike unit that helps organizations deal with the aftermath of a data breach. GM Thomas King discusses the unit.
The breach notification site LeakedSource claims that social networking website MySpace has been hacked, with 360 million credentials containing 427 million encrypted passwords compromised. But LeakedSource acknowledges the age of the credentials is unknown. And the veracity of the data remains in question.
Troy Hunt, who runs one of the most prominent services for discovering if your data has been exposed in a breach, shares his thoughts on LinkedIn's recent breach and how his approach to disseminating data breach details continues to evolve.
After years of debate, the EU's General Data Protection Regulation has finally passed. What impact - if any - will the GDPR have on business and future legislation in India? Security experts weigh in on this debate.
Hackers reportedly stole $250,000 from Bangladesh's Sonali Bank in 2013, in what's now the fourth case involving malware attacks and injecting fraudulent money-transfer requests into the SWIFT interbank messaging network.
The business of executive email hacking is booming, with hundreds of millions of dollars lost in fraudulent wire transfers. But businesses can improve their processes to avoid inadvertently transferring funds to fraudsters, according to one expert.
E-commerce retailers face an ongoing battle: Their websites are constantly hit by bots using stolen credentials to try to take over accounts. What can companies do to protect themselves? Akamai's Michael Smith offers advice.
A Japanese ATM cash-out scheme that stole $19 million from South Africa's Standard Bank in less than three hours illustrates why devising better ways to mitigate the risks posed by such schemes must be a priority for financial institutions in markets - including the U.S. - that still rely on mag stripe debit cards.