Recognizing that social media create fertile grounds for fraud, the American Bankers Association now shares advice for how institutions can use these channels in ways that are compliant, smart and risk-savvy. The ABA's Denyette DePierro offers some tips.
Data science is playing a fundamental role in a more dynamic approach to cybersecurity, says Jim Routh, CISO of Aetna, who stresses the importance of applying machine learning to front-line data security controls. Routh will be a featured speaker at the ISMG Security Summit in New York Aug. 14-15.
A move to a "more autonomous" security operations center is helping Encompass Health cope with a shortage of skilled cybersecurity workers while improving its response to cyber threats, says Mitch Thomas, chief security officer.
The Telecom Regulatory Authority of India has recommended that the nation's telecom companies take specific steps to protect their customer's data. Those include taking a "privacy by design" approach and focusing on data minimization, collecting as little data as possible
This edition of the ISMG Security Report features Elvis Chan, a supervisory special agent at the FBI, discussing ongoing efforts to thwart Russian interference in the U.S. midterm election this fall, and Alberto Yepez of ForgePoint Capital addressing cryptocurrency security issues.
Following the recent data breach affecting 1.5 million patients of Singapore-based SingHealth, the country's largest healthcare group, the Monetary Authority of Singapore has asked all financial institutions to tighten their customer verification process by applying multifactor authentication.
Facebook has promised to bring machine learning to bear on the problem of hate speech and information warfare via its platform. But insiders have been urging the company to pursue a major cultural change, including prioritizing not doing anything "creepy" over the quest for short-term gain.
In an era where attacks involving ransomware and other malware are skyrocketing, a growing number of organizations are turning to endpoint detection and response software to help mitigate the risks. But implementation can present many challenges.
Early experiments are demonstrating how blockchain, the distributed and immutable ledger behind virtual currencies, potentially could play an important role in identity management, says Avivah Litan, a Gartner Research analyst who will be a featured speaker at ISMG's Security Summit Aug. 14-15 in New York.
Alberto Yepez of ForgePoint Capital says cryptocurrency poses new challenges for accommodating the "know your customer" process of confirming that you're "doing business with the people that you want to be doing business with."
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?