Some 85 percent of the mobile banking apps in the Asia-Pacific region fail basic security checks, according to a recent study by AppKnox. Experts outline the challenges faced by banks in securing mobile apps and share some recommendations.
Cybercrime continues to be incredibly lucrative. Yet many of the techniques being wielded by connected criminals aren't new, said security expert Mikko Hypponen of F-Secure in a keynote speech at this week's Infosec Europe conference in London.
Akamai warns of a rash of less sophisticated attempts to extort companies by threatening to strike with distributed denial-of-service attacks, which can be expensive for organizations to defend against.
Demonstrating the return on security investment and getting management buy-in remain some of the less glamorous, but very real challenges faced by Indian CISOs, says Shivkumar Pandey of the Bombay Stock Exchange.
Insider fraud is one of the biggest challenges facing Indian security practitioners, yet they struggle to respond to insider crimes, says Berjes Shroff, CISO of Godrej Infotech, and a speaker at the ISMG Data Breach & Fraud Prevention Summit Asia in Mumbai.
The Hong Kong Monetary Authority plans to raise the cybersecurity of its banking system through a new, three-pronged approach. But critics say the regulator needs to come up with clear security mandates to ensure a cybersecure ecosystem.
TeamViewer is strengthening the security of its remote access application after an uptick in account takeovers that the company says is the result of hackers reusing account credentials from recent data breaches.
Will a federal appellate court ruling in favor of a Minnesota bank that sued its insurer for coverage of costs associated with a fraudulent wire transfer have a big impact on similar cases? Experts offer an analysis.
The Reserve Bank of India has issued new cybersecurity guidelines to scheduled banks, directing them to devise cybersecurity policies distinct from their institutions' existing IT or IS security policies.
Russian police have arrested 50 people in connection with an investigation into a hacker group suspected of unleashing a five-year series of malware-enabled hack attacks on major Russian financial institutions and stealing $25 million.
Nandkumar Saravade, DSCI's chief, has been named CEO of Reserve Bank of India's new IT subsidiary. Security leaders set expectations for the new role and suggest important areas that need immediate attention.
A federal judge has cleared the way for a class-action lawsuit filed by card issuers against Home Depot over the retailer's massive 2014 payments breach to proceed. In making the ruling, the judge noted that the banks' allegations regarding the retailer's security negligence appear to have merit.