Darktrace has brought in Ernst & Young to review the cybersecurity AI vendor's financial process and controls following bombshell allegations from short seller Quintessential Capital Management. The review comes weeks after QCM claimed that Darktrace overstated its sales, margins and growth rates.
Unifying decision-making about privacy, security, ethics and governance poses a huge challenge from a regulatory and operational perspective, says OneTrust CEO Kabir Barday. OneTrust has created a network of 900 lawyers across 300 jurisdictions that feed intelligence into the company's platform.
Embattled social media platform Twitter lost its chiefs of security, privacy and compliance, and the resignations put the company and its new owner, Elon Musk, at greater risk of regulatory enforcement. The company signed a binding two-decade agreement with the U.S. Federal Trade Commission in May.
The chief executive of alcohol delivery app Drizly is set to come under a decadelong requirement imposed by the U.S. Federal Trade Commission to ensure whatever company he oversees has an information security program. A hacker stole customer records of 2.5 million individuals from Drizly in 2020.
Twitter security exec-turned-whistleblower Peiter Zatko today listed alleged security and privacy shortcomings of the social media company for a Senate panel. "It's not farfetched to say that an employee inside the company could take over the accounts of all of the senators in this room," he said.
The national network for connecting medical centers with donated human organs faces doubts about its ability to secure data amid concerns about its IT infrastructure. A federal watchdog has reviewed the Health Resources and Services Administration and United Network of Organ Sharing.
Tenable wants to help the cybersecurity industry move away from traditional vulnerability management focused on giving customers a list of vulnerabilities. Instead, CEO Amit Yoran wants to help customers understand their exposure and how they can effectively manage and reduce risk.
Supply chain risk must be part of an enterprisewide risk management program framework, says information security manager Matt Marciniak of financial service firm Quantile. Reducing risk requires an agile approach to supplier management, he says.
Wendy Nather, head of advisory CISOs at Cisco, recently teamed up with researcher Wade Baker to investigate cybersecurity metrics and determine how to make a cybersecurity program measurably more successful. She shares some of her more surprising findings.
Cybersecurity is a legitimate - and significant - business risk, and it's time to frame the topic appropriately, says Robert Hill, CEO of Cyturus. He shares insight on how to discuss cyber risk appropriately with C-level leadership and the board of directors.
What will be the impact of the leak of investigatory documents from FinCEN - the U.S. Treasury Department's Financial Crimes Enforcement Network? For starters, experts warn that FinCEN reports may reveal sensitive information tied to banks and law enforcement agencies' investigatory tools and tactics.
Addressing digital payment security challenges requires having good identity verification capabilities as well as a strong authentication process that's friction-free for consumers, says Singapore-based Gautam Aggarwal, senior vice president and regional chief technology officer, Asia Pacific, at Mastercard.
Singapore's open banking effort has expanded the attack surface, and the only effective defense is to enhance threat intelligence sharing among banks, retailers and third parties, says Tom Wills, a Singapore-based cybersecurity practitioner who is a consultant for financial institutions.
The Reserve Bank of India's plans to create a self-regulatory organization by April to help oversee the digital payments system could help reduce the complexity of RBI's efforts to help ensure payments security, some security experts say.
Starting Jan. 1, State Bank of India will no longer accept magnetic stripe debit card transactions and will accept only EMV chip-based cards in compliance with an RBI mandate, which is designed to help prevent card fraud, including skimming and cloning.
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