A federal judge has sentenced 32-year-old Russian hacker Roman Seleznev, aka "Track2," to serve 27 years in prison after he was convicted of defrauding 3,700 U.S. financial institutions of at least $169 million via point-of-sale malware attacks.
When an employee exits, it's essential to ensure their access rights don't go with them. Too often, however, organizations fail to track who's joining, leaving or changing roles, leaving them at increased risk of malicious activity.
The IRDAI requires all insurance organizations to appoint a CISO soon and expects them to formulate a cyber crisis management plan as an immediate step. Security leaders discuss the feasibility of meeting IRDAI's deadline.
Many organizations talk about engaging customers to help prevent fraud. Jim Van Dyke, CEO of Futurion, has new ideas for how to best involve customers in fighting fraud in three stages: Prevention, detection and resolution.
Cybersecurity startup Tanium failed to anonymize network data for a California hospital that appeared in live product demonstrations and online videos. It's the second crisis in a week for Tanium, whose CEO has been accused of unsavory behavior and the questionable sacking of senior executives.
Despite a slew of measures announced by the Modi government last year to encourage cybersecurity startups in the region, security experts argue that converting these plans to actionable policies and creating demand has proven difficult.
Intercontinental Hotels Group says that in addition to 12 hotels that it directly manages suffering a point-of-sale malware outbreak that began in 2016, 1,200 IHG-branded franchise hotel locations in the United States were also affected.
New York has become the first US state to issue its own set of cybersecurity rules for financial institutions. What is the potential impact on other states, other industry sectors? Paul Bowen of Arbor Networks shares insight.
Enterprise security leaders largely understand the business problems posed by a lack of privileged access management. But understanding and overcoming the obstacles to deploying a successful PAM rollout? That's the real challenge, says Alex Mosher of CA Technologies.
Luxury clothing retailer Neiman Marcus has disclosed that a December 2015 breach compromised more sensitive information than first thought. It also disclosed a fresh attack in January that exposed names, contact information, email addresses and purchase histories.
Bryce Austin, a former technology lead at Target during the retailer's massive November 2013 breach, says the role of the CISO needs to evolve, ensuring that cybersecurity is balanced with the overall needs of the company. He claims tying the CISO's performance to the company's revenue is the best way to do that.
New documents dumped online by the Shadow Brokers group have revealed apparent NSA programs designed to target SWIFT service bureaus in the Middle East as well as a slew of exploits designed to infect Windows systems, patched last month by Microsoft.
Concern about privacy spurs consumers to work more closely with their banks, says Robert Zerby, vice president and financial crimes manager within the Community Banking Risk Management division at Wells Fargo Financial Crimes Risk Management.
An investigation into last year's attempted theft of $170 million at India's state-owned Union Bank has found strong similarities with the Bangladesh Central Bank heist, which was attributed to North Korea, and resulted in an $81 million loss.