Equifax has a new problem in Australia, a country that was left unscathed by the credit bureau's devastating data breach. The Australian Competition and Consumer Commission alleges the credit bureau deceived vulnerable consumers by misrepresenting its products and charging for services that should have been free.
If you browsed the latest security headlines, you'd probably think the majority of data breaches were related to hackers, political activists, malware or phishing. While the latter two hint at it, the truth is that nearly half of all data breaches can be traced back to insiders in some capacity.
The Securities and Exchange Commission and the Department of Justice have both charged Jun Ying, a former CIO at data broker Equifax, with engaging in illegal insider trading after he determined that his employer had suffered a massive breach.
To the surprise of many, $120 million allocated by Congress since late 2016 to help the State Department combat foreign governments' U.S.-focused propaganda and disinformation campaigns hasn't been spent. Meanwhile, midterm U.S. elections are fast approaching.
Regulators are struggling to keep up with the proliferation of online trading schemes. Here's the story of an Australian woman who lost AU$63,000 on a platform called Millennium-FX. She is trying to recover her money, which ended up in an account controlled by a 30-year-old Russian man who lives in Cyprus.
A zero-day flaw in Adobe Flash, recently patched, has been targeted by a group of attackers that may have ties to North Korea as part of an apparent attempt to hack into Turkish banks, security firm McAfee warns. It notes that there are signs that financial institutions in other countries are also being targeted.
The U.S. Senate is considering a banking reform bill that would ban credit agencies' practice of charging for a credit freeze, one of the crucial steps experts say can help pre-empt identity theft. Lawmakers have been under intense pressure to create laws that better protect consumers following Equifax's data breach.
On average, 49 per cent of users admit to having shared their network password with at least one other user.
So, as employee numbers grow, an organisation's vulnerability to insider threats increase dramatically. This can cause long term damage, taking months or even longer to protect.
This report explores the...
As banking institutions of all sizes maximize their digital channels, there is growing tension between the need to prevent fraud and the desire to maintain a frictionless customer experience.
How do you offer that great customer experience without compromising security, authentication and trust?
In a discussion...
The U.S. Securities and Exchange Commission has reportedly issued dozens of subpoenas and requests for information to technology companies, executives and advisers involved in initial coin offerings. The regulator's new cyber unit investigates ICOs, which attempt to raise funds for cryptocurrency ventures.
Criminals continue their quest for acquiring cryptocurrencies without having to buy and manage their own mining equipment. They're resorting to attacks aimed at stealing the cryptocurrencies via hacking, phishing, fake advertising and web injection attacks via repurposed banking Trojans.
Punjab National Bank, which has been in the news for a $1.8 billion fraud incident, got more bad news when a security company revealed that payment card information for as many as 10,000 of the bank's customers has been for sale on the dark web. The two incidents do not appear to be related.
As banking institutions of all sizes maximize their digital channels, there is growing tension between the need to prevent fraud and the desire to maintain a frictionless customer experience. IBM Trusteer's Valerie Bradford discusses how to defuse this tension.
As India continues its move to a cashless economy, the PCI Security Standards Council is collaborating with the Reserve Bank of India and the National Payments Corp. of India to roll out new software-based design standards for protecting cardholder data against new threats, says Jeremy King, PCI SSC's international...