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.
A newly released report from the U.S. Government Accountability Office on the massive 2017 Equifax data breach provides a postmortem look at what went wrong, centering on the credit bureau's identification, detection, segmentation and data governance, as well as a failure to rate-limit database requests.
The British Airways breach, in which up to 380,000 website and mobile users' payment card details were stolen, traces to card-scraping code injected into a script on the airline's website by the cybercrime group called Magecart, says security firm RiskIQ.
Russian national Andrei Tyurin, who's been accused of hacking into JPMorgan Chase's network in 2014 and stealing personal information on more than 83 million customers, has been extradited to the U.S. He was allegedly part of a group that hacked into brokerages, news firms, a risk intelligence company and others.
British Airways has been threatened with a class-action lawsuit in U.K. court after warning that a hacker stole payment card data associated with 380,000 transactions. A law firm says that under GDPR, the airline should compensate victims for "inconvenience, distress and misuse of their private information."
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.
British Airways is warning customers that it suffered a hack attack that compromised up to 380,000 customers' payment cards as well as personal data over a 15-day period. The airline says it was alerted to the breach by a business partner that monitors its websites.
All organizations should ensure that they are using the most appropriate tools, technologies, practices and procedures to safeguard their information against today's top threats, says Check Point's Avi Rembaum.
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.
The latest edition of the ISMG Security Report features Barbara Simons, co-author of the book "Broken Ballots," discussing why she believes it's a "national disgrace" that some states are relying on computer voting with no provision for recounts. Also: Update on breach lawsuit against Premera Blue Cross.
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.