Lenovo will pay $3.5 million to the U.S. Federal Trade Commission and 32 states to settle a case brought against it over advertising software with serious security issues that was preinstalled on thousands of the company's laptops.
The head of the U.S. Securities and Exchange Commission says publicly traded businesses must better describe their cybersecurity risks to investors. Wall Street's top regulator also warned of a surge in initial coin offering scams - the same week that China banned ICOs altogether.
Although so far only about eight Indian firms have reported to authorities that they've been victimized by Locky ransomware, according to news reports, security experts say many more companies have likely been impacted.
Cory Mazzola, a cybersecurity leader at Las Vegas Sands Corp., says recruiting security pros amid a talent shortage requires putting aside expectations about degrees and backgrounds. Instead, he says companies need to be willing to develop new skills in their new hires.
MeitY has urged all ministries to allocate 10 percent of their IT budgets to cybersecurity following several high-profile hacks and breaches. But do the ministries understand the required security investments?
Security experts often contend that potential damage from cyberattacks can be avoided if organizations just patch their systems. But Bank of the West Deputy Chief Security Officer David Pollino says applying patches sometimes is more easily said than done.
Increased digitisation and adoption of digital banking channels have led to a sharp increase in incidents of mobile fraud, enhancing the challenges for the CISOs in securing these transactions, says Subhash Subramaniam, CISO of ICICI Bank.
At a time when fraud is attempted across multiple channels and customers still demand a frictionless digital experience, Kevin Donovan of Biocatch makes the case for organizations to embrace the tenets of continuous authentication.
Instagram is warning that more users were affected by a hack of its systems than it first suspected. While email addresses - and some phone numbers - for celebrities, including Emma Watson and Lady Gaga, appear to have been compromised, 6 million account holders in total may have been affected.
AT&T's U-verse routers and gateways contain a bevy of internet-of-things coding errors that could be easily exploited by hackers, a researcher contends. As many as 235,000 hosts could be vulnerable to attack.
This special edition of the ISMG Security Report features the observations of top cybersecurity experts featured at Information Security Media Group's recent Fraud and Breach Prevention Summit in New York.
Given the rise in organized cybercrime and increased online data leakage, Maharashtra Police officials are empowering officers through appropriate training, says Balsing Rajput, superintendent of police, cyber.
PrincessLocker ransomware is back, although it's less demanding than it used to be, with attackers decreasing the quantity of bitcoins they require to unlock forcibly encrypted files. Unusually, the ransomware is being spread by the RIG exploit kit.