Commerce Secretary Penny Pritzker suggests that regulatory agencies should implement cyber threat information sharing programs with the businesses they regulate, not only to enhance their IT security, but to build a collaborative environment between the two, often adversarial sides.
The latest ISMG Security Report leads off with a discussion with DataBreachToday Executive Editor Mathew J. Schwartz on why online cybercrime is growing. Also, the status of the U.S. government's cyberthreat information sharing initiative.
In the wake of this week's rollout by NACHA, The Electronic Payments Association, of same-day ACH payments in the U.S., fraud departments at originating and receiving banks should be bracing for the new risks posed by faster payments, says NACHA's Jane Larimer, who offers insights on steps to take.
Why are hacked healthcare records so valuable? It's because stolen patient records often end up for sale on the deep web as part of information packages called "fullz" and "identity kits" used by fraudsters to commit a wide variety of crimes, says James Scott of the Institute for Critical Infrastructure Technology.
The latest ISMG Security Report leads off with a segment in which Managing Editor Jeremy Kirk explains that the massive Yahoo breach not only exposed the accounts of a half-billion customers, but also the weaknesses in the way enterprises employ hashed passwords.
As pressure to speed the development of applications intensifies, CISOs must be the "voice of reason," taking a leadership role in ensuring security issues are addressed early in app development process, says John Dickson, principal at Denim Group, a Texas-based security consultancy.
Security expert Sean Sullivan isn't surprised that the massive 2014 breach of Yahoo, which exposed at least 500 million account details, only recently came to light. Here's why, as well as what users must learn from this breach.
In this latest edition of the ISMG Security Report, you'll hear an explanation why estimates from the Ponemon Institute and The Rand Corp. on typical enterprise data breach costs vary so widely. Also, analyses of a car hack, SWIFT's latest initiative to help banks mitigate fraud and the Yahoo breach.
Ransomware attacks are surging because attackers have perfected their techniques while enterprises in all sectors have failed to address critical security shortcomings, says Raimund Genes, CTO at Trend Micro.
Because many law enforcement agencies lack cybercrime expertise, it's important for companies that have been attacked to provide as much technical and forensic information as possible to authorities to help ensure that investigations lead to arrests and prosecutions, a panel of experts says.
A roundup of the just-concluded ISMG Fraud and Breach Prevention in Toronto leads the latest edition of the ISMG Security Report. Also, how one CISO gets his security message across to the board and the challenges CISOs face during their first 100 days on the job.