With only six months until the EU's General Data Protection Regulation is enforced, organizations across the world that handle Europeans' data are grappling with compliance challenges, including how long to retain PII, says Devender Kumar of Mphasis, who offers advice on effective strategies.
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Verizon has made a strong case for continual PCI DSS awareness with its new study of payment card data security. But like many vendors that conduct their own studies supporting their business cases, Verizon makes suspect logical stretches.
The telecom sector in India has repeatedly been targeted by malware attacks, raising serious concerns about vulnerabilities in one of the largest local business sectors. As a result, some security experts are calling for stronger enforcement of regulations and more frequent security audits.
It's not enough to comply with government and industry regulations such as SOX, PCI, MICS, and HIPAA. Organizations must also prove their compliance to auditors on a regular basis. Even companies not bound by regulatory requirements may need to confirm their adherence to internal IT security policies.
In a rare acknowledgment of a data breach by an Indian company, online restaurant guide and food ordering service Zomata says 17 million users' email addresses and hashed passwords were stolen from its database. The company was hacked by a white-hat hacker back in 2015.
The Ministry of Electronics and Information Technology is taking steps to have more cloud service providers serve the government. But are the security requirements too tough for smaller players to achieve?
Police are investigating an anonymous email threat against Indian IT company Wipro as a potential "act of terror." On May 5, the company received an anonymous email threatening a massive attack with the poison Ricin on all its offices in Bangalore if it didn't pay a bitcoin ransom.
With an aim to safeguard capital markets from cyberattacks, the Securities and Exchange Board of India has set up a committee on cybersecurity to provide guidance. But some security practitioners stress that the panel will prove effective only if its recommendations are actually carried out.
Another day, another data breach in the news. Ransomware at a hospital, the latest IRS breach, a phishing scam at Snapchat . . . you tune out the details. For every breach that makes headlines, dozens of other organizations have had data stolen or corrupted by hackers...or even their own users. Cyberthreats become...
Businesses around the world are seeing an increase in malware attacks, including ransomware like CryptoLocker, Locky, and zCrypt. These attacks can result in weeks of downtime, and some of the most damaging data breaches originated with malware, including the Target breach in 2014.
A robust malware defense could...
An investigation into last year's attempted theft of $170 million at India's state-owned Union Bank has found strong similarities with the Bangladesh Central Bank heist, which was attributed to North Korea, and resulted in an $81 million loss.
IRDAI's draft information and cybersecurity framework developed in collaboration with industry working groups is set to be finalized soon. The draft is fairly comprehensive and will set a serious tone for security at a board level, experts say.
The many companies in the Middle East that do business in Europe - and handle Europeans' data - now must comply with the European Union's new General Data Protection Regulation. And some security experts say that could lead to a boost in data security practices in the region.