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.
Since the theft of $81 million from the central bank of Bangladesh came to light in February, investigators have continued to probe similar SWIFT-related attacks against four other financial services firms, dating back to at least 2013.
MySpace has confirmed it is resetting millions of accounts affected by the release of 360 million usernames, email addresses and passwords. According to one expert, more of these types of big breach announcements may be coming.
IBM's Vaidyanathan Iyer says security practitioners need new tactics to bridge the skills gap and fight emerging threats. He suggests the use of analytics and machine learning would easily help fill the gap in detecting threats.
A Bangladesh probe says that an insider may have assisted attackers in perpetrating the $81 million cyber heist against Bangladesh Bank. SWIFT has unveiled new security measures to help other banks, but security experts say more will be needed.
The breach notification site LeakedSource claims that social networking website MySpace has been hacked, with 360 million credentials containing 427 million encrypted passwords compromised. But LeakedSource acknowledges the age of the credentials is unknown. And the veracity of the data remains in question.
Troy Hunt, who runs one of the most prominent services for discovering if your data has been exposed in a breach, shares his thoughts on LinkedIn's recent breach and how his approach to disseminating data breach details continues to evolve.
A Japanese ATM cash-out scheme that stole $19 million from South Africa's Standard Bank in less than three hours comes as a wakeup call for India - a market that still has a large number of magnetic stripe cards and unsophisticated ATMs.
After years of debate, the EU's General Data Protection Regulation has finally passed. What impact - if any - will the GDPR have on business and future legislation in India? Security experts weigh in on this debate.