The Reserve Bank of India's plans to create a self-regulatory organization by April to help oversee the digital payments system could help reduce the complexity of RBI's efforts to help ensure payments security, some security experts say.
Since the $81 million Bangladesh Bank online heist in 2016, the nation's banks have made some progress in cybersecurity, but they still have a long way to go, says Prabeer Sarkar, CEO of Dhaka Distributions, a local cybersecurity company, who sizes up what work still needs to be done.
Cloud access security brokers are playing a growing role in improving visibility as more organizations rely heavily on cloud applications and more staffers gain access to them, says Sean Duca, vice president and regional chief security officer for Asia Pacific and Japan at Palo Alto Networks.
As the central bank of Bangladesh prepares to release revised IT security guidelines for financial institutions, CISOs and cybersecurity experts are hoping it takes into account the very latest cyberthreats and technology developments.
Canada's privacy commissioner is taking Facebook to court to try to force the social network to make specific changes to its privacy practices. The regulator has no power to issue fines or binding orders, meaning it must petition the federal court to force Facebook to make changes.
India's proposed 2020-2021 budget includes several initiatives that would support data security efforts. Those include investments in quantum computing research, "data center parks" for local secure storage of data and digital forensics skills development, Union Finance Minister Nirmala Sitharaman revealed.
The government of India is testing a new instant messaging service for government officials to help ensure the confidentiality of official communications and prevent the leaking of sensitive information.
Mitsubishi Electric says hackers exploited a zero-day vulnerability in its anti-virus software, prior to the vendor patching the flaw, and potentially stole trade secrets and employee data. The Japanese multinational firm announced the breach more than six months after detecting it in June 2019.
The Reserve Bank of India has decided to allow all banks to use remote video-based "know your customer" authentication for onboarding new clients. But some observers say many Indian banks may prove reluctant to use video KYC because they lack the necessary technology and new customers lack smartphones.
One of biggest challenges of complying with Thailand's Personal Data Protection Act, which will go into effect in May, is managing the consent of customers, says Surachai Chatchalermpun, CISO with Krung Thai Bank, the nation's largest state bank.
The British government continues to delay deciding whether it will ban Chinese networking gear from its national 5G rollout, as the Trump administration demands. But with future trade deals on the line as the U.K. navigates its "Brexit" from the EU, Britain cannot afford to anger either Beijing or Washington.
"I don't think most organizations are prepared for the personal data protection and privacy bill that has been approved by the cabinet, as most people still confuse privacy and security and think that it is just an add-on to security," says Privacy Expert, Shivangi Nadkarni, CEO, Arrka Consulting.
Wanted: A new chief executive to assume command of Britain's growing National Cyber Security Center, part of GCHQ. As Ciaran Martin departs, the successful NCSC model he helped create is being widely emulated in many countries. But the U.S. remains a notable holdout.
The personal data of about 120,000 Singapore defense personnel is reportedly compromised through email phishing attacks against two security vendors, according to a statement by the Ministry of Defense.