The annual Infosec Europe conference in London included a number of information security highs and lows, from hackers in hoodies and Guy Fawkes masks to free ice cream and Mikko Hypponen revealing that he too has been pwned.
The Hong Kong Monetary Authority plans to raise the cybersecurity of its banking system through a new, three-pronged approach. But critics say the regulator needs to come up with clear security mandates to ensure a cybersecure ecosystem.
The Reserve Bank of India has issued new cybersecurity guidelines to scheduled banks, directing them to devise cybersecurity policies distinct from their institutions' existing IT or IS security policies.
Nandkumar Saravade, DSCI's chief, has been named CEO of Reserve Bank of India's new IT subsidiary. Security leaders set expectations for the new role and suggest important areas that need immediate attention.
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.
Cyberattacks have gained regulatory attention worldwide. But the world doesn't need more regulation to address new threats, says Steve Durbin of the Information Security Forum. Instead, government must work more closely with the private sector.
Dr. Amirudin Wahab, CEO, Malaysia Cybersecurity, says organizations in the Middle East must adopt a strong public-private partnership model and build an effective information-sharing platform to create a more secure ecosystem.
After blaming a recent spate of bank robberies on banks' poor information security practices, SWIFT has changed its tune. Now it says it wants to help financial firms spot related fraud and better share information about unfolding threats.
Security leaders, while welcoming India's new intellectual property rights policy as a step in the right direction, argue that the policy lacks specifics around awareness creation, enforcement of IP rights and software patenting.
With hack attacks continuing against banks, SWIFT must follow in the footsteps of other vendors - notably Microsoft - and begin offering detailed, prescriptive security guidance to its users, says Doug Gourlay of Skyport Systems.
Anonymous, which launched a DDoS attack on Bank of Greece's website and those of several other banks, plans to attack top banks from Southeast Asia. Can Indian banks deflect such attacks with adequate DDoS defences?
As the U.S. Congress unanimously approves the Email Privacy Act, the question arises: Is India ready for such legislation? Security leaders discuss what prevents the enactment of such a law and whether law enforcement is even ready for one.