Singapore's Personal Data Protection Commission imposed a fine on Tech Mahindra for failing to protect personal details of 2.78 million Singtel customers. The investigation found a lack of reasonable security practices and accountability.
New York has become the first US state to issue its own set of cybersecurity rules for financial institutions. What is the potential impact on other states, other industry sectors? Paul Bowen of Arbor Networks shares insight.
Too many businesses assume that the internet will be around forever, but that's faulty thinking and an impractical business practice, says Information Security Forum's Steve Durbin, a featured speaker at Information Security Media Group's Fraud and Breach Prevention Summit in Atlanta this month.
The pressure is on for all industries to upgrade their cyber-protection policies. New York is the first state to initiate a 180-day grace period for all financial services companies to upgrade both cyber policies and protection. As New York's new cyber mandates roll out, other states and industries will likely follow....
The European Union's General Data Protection Regulation, which will be enforced beginning in May 2018, will affect organizations throughout the world because it applies to any company that handles Europeans' personal data, says Fred Kost of HyTrust.
Increasingly, security leaders want to migrate from disparate point solutions to integrated security platforms. Kevin Flynn and Ravid Circus of Skybox Security lay out the business and security benefits.
The FTC and FCC are among U.S. regulators now starting to flex their muscles when it comes to enforcing cybersecurity standards, says attorney Joseph Burton. What enforcement trends might we expect to see in 2017?
The threat landscape certainly has changed in recent years. But can you say the same about the traditional intrusion prevention system."The biggest problem with IPSs today is that organizations are trying to fight today's threats with yesterday's solutions," says Bertone, who serves as CTO of Fidelis Cybersecurity....
Memo to would-be cybercriminals: Want to move stolen funds internationally to bank accounts that you control? Need to route the funds to a few money mules to get it laundered? Don't do it from a system tied to an IP address registered to your home.
The financial sector continues to be a prime target for highly sophisticated, customized attacks. The SWIFT money transfer system recently came under attack resulting in an $81 million heist of the Bangladesh Bank. This number pales in comparison to an estimated $1 billion stolen from over 100 banks worldwide by the...
An internal investigation into the February theft of $81 million from the central bank of Bangladesh reportedly found that a handful of negligent and careless bank officials inadvertently helped facilitate the heist by outside hackers.