As customers spend more and more money online each year, the opportunities for fraud increase in parallel; experts project a loss of $24 billion to payment card fraud by the end of 2018. Payment card fraudsters rely on a sophisticated ecosystem and support network that provides a wide range of credit card details,...
The alluring promise of gold inspired almost half-a-million to risk it all and rush to California in the mid-20th century in hopes of striking it rich. Although gold mining was fruitless for the most part, cunning opportunists profited off of desperate '49ers by selling synthetic gold or mines of no real value. A...
This monthly Security Agenda will highlight some of the most recent additions to our course library. This month's edition features Federal Reserve's Jim Cunha on the future of secure payments. Another influencer, Amazon Web Services' Keith Carlson discusses future proofing against fraud. This edition also highlights...
The PCI Security Standards Council is offering 40 percent lower fees for participating organizations in nations with lower-income economies. "We want to encourage countries in Africa and South Asia to get engaged with us," Jeremy King, international director at PCI SSC, tells ISMG in an exclusive interview.
Defending against tomorrow's mobile attacks is a moving target; but new technologies and strategies, including behavioral biometrics and machine-learning-based analytics, are allowing financial institutions to reduce their fraud losses while enhancing their customer experience.
Based on the latest results of ISMG's...
An investigation into last year's attempted theft of $170 million at India's state-owned Union Bank has found strong similarities with the Bangladesh Central Bank heist, which was attributed to North Korea, and resulted in an $81 million loss.
As cybercriminals continue to wage more sophisticated, well-funded attacks, it's more urgent than ever to attract qualified professionals to careers in cybersecurity, Symantec CTO Dr. Hugh Thompson says in this audio interview.
In light of the increase in ATM fraud in India, it's essential that banks more closely monitor the security efforts of third-party service providers they increasingly are relying on to help manage their networks, says Prakash Joshi, COO at Electronic Payment Systems
The need for PCI-DSS compliance is being embraced in Southeast Asia and the Middle East, with adoption of PCI standards increasing dramatically over the last five years, says Dharshan Shanthamurthy, CEO of SISA Information Security, who shares insights about why PCI adoption is likely to continue to grow.
The nature of sophisticated fraud is changing, argues NPCI's Bharat Panchal. He shares experiences from his sector to support this idea, and he shares insights on how this will affect the security practitioner roles.
The SWIFT messaging platform, which was hacked during the Bangladesh Bank heist, is used widely by most Indian banks for international financial transactions. Institutions that rely on the platform must be more vigilant, experts warn.
The Indian financial sector is at the dawn of a new age of electronic payments. What are the new form factors, and how must they be secured? An expert panel discusses the evolution and its unique security challenges.
The cyber insurance industry in Asia is heating up, with more organizations recognizing that cyber threat can in fact have crippling consequences. How will cyber insurance prove disruptive in 2016? Forcepoint's Carl Leonard shares insight
The Hong Kong regional headquarters of (ISC)Â² is collaborating with universities across Asia through its Global Academic Program to deliver essential skills to help grow the information security workforce.
In new guidance from the PCI Council, its leaders outline why businesses that handle card data need to address employee education. Here, experts explain why this guidance is a positive step for card security.