Organizations are increasingly centralizing their fraud programs. Why? To reap the benefits of having a unified fraud management team and a single strategy to detect and prevent fraud, says Genevieve Gimbert, a principal in PwC's financial crimes unit, in this video interview.
Cybercriminals wielding Locky crypto-locking ransomware are ramping up their assaults, especially in the healthcare sector, according to FireEye. Attackers are distributing less banking malware and more ransomware, researchers say.
The Equation Group leak revealed a zero-day flaw in Cisco's firewall software - a patch is being prepped - as well as a vulnerability in Fortinet's software that's since been patched. Has the U.S. government long known about the flaws?
Is the recent breach at HEI Hotels & Resorts linked to the hack of POS systems provider MICROS? And have other POS vendors been breached as well? Security experts offer their analysis and size up vendor vulnerabilities.
To facilitate faster decision-making, better cost control and increased transparency, many organizations now task a single executive to oversee all security, privacy and risk functions, says ADP's Roland Cloutier.
The UAE has amended its federal law against using fraudulent VPNs. Anyone using one will be fined and possibly imprisoned. Security leaders welcome the move, saying it is a positive step to help combat cybercrime.
A very advanced and targeted cyber-espionage campaign has been active for five years, and employs stealthy malware that can penetrate air-gapped networks and exfiltrate data using multiple techniques, security researchers warn.
Flaws in Qualcomm chipset software used by an estimated 900 million Android smartphones and tablets could be exploited to seize control of devices and steal any data they store, warns cybersecurity firm Check Point.
The reported theft of $69 million worth of bitcoins from a Hong Kong-based exchange highlights the continuing challenges around keeping large quantities of digital currency out of the reach of hackers.
CREST is launching a chapter in Singapore - its first chapter in Asia - to offer information security professionals certification and accreditation in penetration testing. It plans to eventually offer other certifications as well.
The breach of an offshore account owned by Union Bank of India is raising new questions about the security of interbank payments, which often rely on antiquated backend verification processes that fraudsters seem to be compromising with relative ease.