Intel has had a challenging time lately on the vulnerability front. It has issued yet another patch for its Management Engine after a researcher was able to extract two types of encryption keys. The problem was a repeat of one that Intel patched just last year.
The National Payment Corporation of India, the umbrella organization for all retail payments systems, has asked banks to discontinue Aadhaar-based payments through Unified Payments Interface and Immediate Payment System channels.
Effective "SecOps" involves revamping security processes that are inconsistent and ad hoc to make them targeted and consistent, says Rapid7 CEO Corey Thomas, who describes the roles of automation and orchestration.
The issue of access management and vulnerable software applications has come back to haunt the Unique Identification Authority of India which manages the Aadhaar database containing biometrics and personal information of over 1 billion Indians.
The recent case in which Singapore's OCBC bank suffered a few hours of outage because of an apparent lack of proper monitoring could lead to bigger security issues unless the management and security team of the bank take appropriate steps.
The Monetary Authority of Singapore is proposing to require financial institutions to implement six security measures to better guard against cyberattacks. But some security experts say the tricky part will be making sure banks actually take the required steps.
Security technology innovations entering the market are getting attached as features to an infrastructure that is fundamentally broken and an enforcement model that cannot operate in real time, says Matthew Moynahan, CEO at Forcepoint.
U.S. prosecutors have accused a 34-year-old North Korean man of involvement in some of the most destructive and profitable cyberattacks ever seen, including the WannaCry ransomware outbreak, the Sony Pictures Entertainment breach and the theft of $81 million from Bangladesh Bank.
Intelligence adaptive authentication represents the latest advance in authentication and risk analysis - with a dose of machine learning - to help organizations authenticate users and battle fraud in real time, says OneSpan's Will LaSala.
Organizations should be on guard for attacks involving an apparent variant of Hermes ransomware - dubbed Ryuk - that attempts to encrypt network resources. It has already victimized several global organizations in the U.S. and elsewhere, according to a federal alert, which offers mitigation advice.
Canada, which has a head start on the adoption of digital payments, has learned some valuable security lessons that could be beneficial to the U.S., says Gord Jamieson of Visa. He'll be a featured speaker at ISMG's Fraud & Breach Prevention Summit: Toronto, to be held Sept. 11-12.
The new India Post Payments Bank will take banking to the doorstep by using India's mammoth network of post offices. Postmen will perform digital transactions on their phones. That's raising concern among security leaders, who recommend adopting defense-in-depth security.
Keeping endpoint security up to date is a struggle for small to mid-sized companies that have less resources than larger companies, yet have the same risk of attack. And that risk is only increasing. In 2017, the number of ransomware attacks increased by 30x and the number of breaches increased by 40%.