Nearly one-third of U.S. banking consumers use online and mobile fintech apps to help manage their money. But those users are concerned about data privacy and want more control over the financial data their apps can access, says David Fortney of The Clearing House, who reviews the results of a survey.
Apache has released an emergency fix for its Struts web application framework to patch a flaw that attackers can exploit to take full control of the application. Some incident response experts, based on the severity of breaches they've investigated, recommend dropping Struts altogether.
An analysis of the privacy issues Amazon will face as it dives deeper into the healthcare business leads the latest edition of the ISMG Security Report. Also featured: A preview of ISMG's Security Summit in New York Aug. 14-15.
Check Point says it has found three ways to falsify messages in WhatsApp, which it claims could be employed by scammers and used to spread fake news. WhatsApp acknowledges the findings, but it will not engineer patches.
Although there's widespread agreement that addressing security early in the software development cycle is an essential component to any breach prevention strategy, implementing DevSecOps can prove challenging.
The Reserve Bank of India issued a notice to all cooperative banks advising them to apply caution while deploying third-party core banking applications and check for appropriate security standards. The move came after credential theft incidents at some banks. But will banks heed the advice?
Support for building in privacy and security by design is growing as a result of the explosion of such new technologies as such artificial intelligence, IoT and various digital devices, says Latha Reddy, co-chair of the Global Commission on the Stability of Cyberspace.
Open source software components may be free, but that doesn't automatically make them safe to use. "There can be risks involved," says Steve Giguere, of Synopsys, who says these risks are often compounded by the pressure to deliver goods to market quickly and with new features.
As organizations move more data into the cloud, too many are treating security as an afterthought, says Outpost24's Bob Egner. Instead, as part of an agile development program, he recommends making penetration testing a constant, and using solid DevSecOps to maintain optimal cloud data security.
RSA's most recent Quarterly Fraud Report shows that "newsjacking" is increasingly empowering phishing attacks, says Angel Grant, RSA's director of identity fraud and risk intelligence. The report also shows a continuing surge in mobile app fraud.