Before moving to faster payments, U.S. banks should scrutinize the security gaps exploited in the SWIFT-related bank heists and build effective risk-mitigation strategies that include stronger layers of authentication, financial fraud experts say.
Mike Daugherty, the president and CEO of LabMD who is fighting a legal battle with the FTC over two security indents, explains why he believes the agency is overstepping its regulatory authority. And he says that new FTC probes into PCI compliance and EMV deployment could be on the way.
A consolidated federal class action lawsuit filed against Anthem Inc. in the wake of a massive data breach appears to be one step closer to going to trial, while a similar suit filed against CareFirst Blue Cross Blue Shield has been dismissed.
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.
Federal regulators have released a new framework of data security principles to guide healthcare entities and researchers participating in the Obama administration's Precision Medicine Initiative. But is it enough to safeguard sensitive patient data?
ISMG editors, in a special report, examine the status of data breach notification laws in a number of regions, including the European Union, which this past week implemented the General Data Protection Regulation, although enforcement won't take place for two years.
Don't blame a lack of information security standards, security products or cybersecurity competence for the failure of breach defenses. In many cases, the culprit is design and implementation flaws in IT products, Robert Bigman, former CIO at the CIA, contends.
In the wake of reports that 65 million stolen credentials from micro-blogging platform Tumblr have surfaced online, following 117 million LinkedIn credentials, it's clear that 2016 is fast becoming the year of what one security expert dubs "historical mega breaches."
Since California passed its pioneering data breach notification law in 2003, many other states and some countries have followed suit. Here's a closer look at the status of breach notification requirements in four regions.
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.
Start preparing immediately for the EU's new General Data Protection Regulation - even though it doesn't go into force for two more years - because it mandates a number of new privacy and security requirements, warns cybersecurity expert Brian Honan.
The U.S. Congress delves into the issue of whether CISOs should report to CIOs, a topic that leads the Friday, May 27, 2016, edition of the ISMG Security Report, an on-demand audio report offered every Tuesday and Friday.
Stu Sjouwerman, CEO of KnowBe4, has seen first-hand the devastating impact of ransomware on healthcare entities. And he knows traditional defenses aren't enough to ward off attackers. What's needed is a whole new approach to user education.
Hackers reportedly stole $250,000 from Bangladesh's Sonali Bank in 2013, in what's now the fourth case involving malware attacks and injecting fraudulent money-transfer requests into the SWIFT interbank messaging network.
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