The East African institution State Bank of Mauritius says its India operations may have lost $14 million as a result of a cyberattack Tuesday. Although the bank did not confirm the exact nature of the attack, some security experts suspect it involved fraudulent transactions via the SWIFT network.
Privacy and security practitioners wonder if Aadhaar data collected by private firms can actually be deleted in the next six months as directed by the Supreme Court of India, which recently determined that it's unconstitutional for companies to collect or ask for Aadhaar data from consumers.
A gang of North Korean government hackers, known as APT38, has stolen more than $100 million from banks in Asia and Africa via fraudulent SWIFT transfers, cybersecurity firm FireEye warns. Separately, the U.S. government says North Korea is also behind serious ATM malware cash-out attacks.
At three of the world's largest information security events in 2018, Information Security Media Group's team of editors conducted about 200 video interviews with industry thought leaders, who provided timely insights on important topics. Here's your guide to those interviews.
Tesco Bank has been hit with a £16.4 million ($21.3 million) fine by the U.K.'s Financial Conduct Authority for failing to prevent and more rapidly block thousands of fraudulent transactions that drained £2.3 million ($3 million) directly from customers' bank accounts.
The U.K.'s data protection regulator has fined Bupa Insurance Services £175,000 ($228,000) for failing to stop an employee from stealing 547,000 customer records, which were later offered for sale on the dark web. The ICO found that the health insurer's CRM system lacked adequate security controls.
The recent breach at Facebook, which affects 50 million users, is likely to have a big impact on Asians who use Facebook's single sign-on feature to log into third-party apps. India is the world's largest market for the social media giant.
To comply with GDPR, Facebook has notified Ireland's data privacy watchdog about the massive breach it has suffered, resulting in 50 million accounts being exposed. But Irish authorities have signaled that Facebook has failed to share all of the information they would have expected to see.
The four-member Committee of Inquiry investigating the SingHealth data breach that affected 1.5 billion patients in Singapore heard testimony at a hearing that the healthcare organization's technology vendor failed to take prompt action on security alerts because a key cybersecurity employee was on leave.
Facebook revealed Friday that it had discovered a breach that affected almost 50 million user accounts. Attackers exploited a vulnerability that enabled them to steal "access tokens," digital keys that keep users logged in so they don't need to re-enter their password.
Several days after the Port of San Diego was hit by a crypto-locking ransomware attack, incident response efforts remain underway and many port systems remain offline. Port officials say the attacker has demanded a ransom, payable in bitcoin, for the promise of a decryption key.
An Australian man who as a teenager managed to infiltrate Apple's networks and do it again after the company expelled him - aided by a folder on his laptop storing his "Hacky Hack Hack Methods" - has been sentenced to serve eight months of probation, according to news reports.
After initial protests, Google, Facebook, Amazon and Microsoft, along with major payment firms, have indicated they plan to comply with the Reserve Bank of India's payment data localization mandate and meet the Oct. 15 deadline. Security experts analyze the impact of the data storage shift.
Ride-hailing platform Uber Technologies has reached a $148 million settlement agreement with the attorneys general of all 50 states and the District of Columbia over its failure to report a massive 2016 data breach in a timely manner, as well as its inadequate information security practices.
In harmony with a wave of global privacy and security legislation, Canada has its own new breach notification requirements going into effect on Nov. 1. Attorney Ruth Promislow says these standards will force organizations to shift from a reactive to a proactive approach to incident response.