The Monetary Authority of Singapore has given non-bank financial institutions access to e-payment platforms Fast and Secure Transfers and PayNow systems, despite security concerns.
Enterprises should have an incident response plan with a continuous monitoring threat intelligence sharing mechanism to help protect critical infrastructure from nation-state attacks, says Jayesh Ranjan, principal secretary-IT, government of Telangana
Networks are fundamentally changing as a result of data being used across cloud environments. So security must be built into networks to improve mitigation of cyberthreats, says Nick Savvides, senior director of strategic business, APAC, at Forcepoint.
It's not yet clear what action the state of Kerala will take now that it has abruptly withdrawn Section 118A of the Kerala Police Act, which was intended to help prevent social media abuses, including attacks on women and children.
An enterprise's cross-functional groups responsible for the business growth and brand reputation should be held equally accountable for cybersecurity. That's the view of a CISO and a CTO who participated in a fireside chat at ISMG's recent Virtual Cybersecurity Summit.
India's urban cooperative banks need to take a holistic approach to build a security governance structure, opt for an ASP services model and map their business-critical risks to comply with the RBI's security posture guidelines, according to a panel of experts.
Adopting a "security by design" approach and weaving it into the digital transformation road map helps organizations defend against cyberthreats, says Reem AlShammari, CISO at Kuwait Oil Co., who also advocates threat information sharing.
In a bid to reduce rising impersonation and identity theft cases, the Monetary Authority of Singapore is proposing to require the use of enhanced identify verification during mobile and online banking transactions.
An IAM strategy for remote workforces should ensure that key stakeholders are aligned in listing key applications, infrastructure is mapped and risk- and role-based authentication for measuring user risk profiles are applied, says UAE-based Mustapha Huneyd, director of customer security at Ericsson.
The year 2021 will see an increase in third-party risks, the evolution of MSSPs, and maturity in identity governance as enterprises in the Middle East region take a fast track approach to the 'cloud-first' strategy, according to a panel of experts.
Payments companies must secure their APIs and enhance their authentication standards in line with The Reserve Bank of India's guidelines to make QR codes interoperable and boost the electronic payments ecosystem.
While digital banking has been a buzzword in Bangladesh's banking sector, only a few banks have embarked on the digital journey with proper security, says Rahel Ahmed, managing director and CEO of Prime Bank in Bangladesh, who outlines essential steps.
Critical steps when implementing a privileged access management program include auditing of activities performed by administrators and continuous monitoring of user activity, says Sujit Christy, group CISO at John Keells Holdings, a conglomerate based in Sri Lanka.
The Reserve Bank of India's "New Umbrella Entity" initiative, designed to support a digital retail payments system similar to National Payments Corp. of India, would be a game-changer to boost digital innovation in the payments industry, according to a panel of experts.
To help ensure security as India moves to digital payments, enterprises need to educate their customers to help them understand potential risks and take the right precautions, says payments expert Navin Surya.
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