In an in-depth interview, Denyette DePierro of the American Bankers Association provides an overview of emerging regulatory issues, cloud security challenges and the use of social media apps for payments.
TikTok and WeChat both received reprieves over the weekend that helped avert U.S. blocks of their social media apps. President Donald Trump says he has given his "blessing" to a deal that would see Oracle and Walmart take a stake in TikTok's U.S. operations. Separately, a federal judge suspended a WeChat ban.
The need for enhanced business agility and secure remote access to support digital transformation has led to the adoption of the security access service edge, or SASE, model, says Rajpreet Kaur, senior principal analyst at Gartner.
Cloud use is flourishing and with the current pandemic has increased drastically. All new applications are pretty much cloud-based and organizations are starting to notice that service providers do not provide all the security necessary, especially as users may not fully understand the power to lose data via the...
When implementing a cybersecurity risk framework, enterprises should use a structured approach to identity and evaluate and manage the risks posed by increased digital transactions during the pandemic, says Dmitry Chernetsky, global presales expert, Kaspersky-APAC.
The new work reality has created a change in how information is accessed and used, and attackers are targeting remote users with increasing frequency and efficiency. This has brought on a new shift in the IT paradigm which requires identity to act as the central control point in defining an enterprise security...
The emerging cloud-delivered service model known as security access service edge, or SASE, is designed to help simplify security for remote access, says Sean Duca of Palo Alto Networks, who explains how the model works.
A federal banking regulator has fined Capital One $80 million, citing numerous security shortfalls before the 2019 data breach that exposed the financial and personal information of over 100 million individuals in the U.S. and Canada.
Jewelry retailer Claire's says Magecart attackers hits its e-commerce store, hosted on Salesforce Commerce Cloud, and stole an unspecified number of customers' payment card details. Security firm Sansec, which discovered the breach, says Magecart attacks have grown more targeted during lockdown.
Cybercriminals are continuing to take advantage of unsecured Amazon S3 buckets, with RiskIQ researchers recently finding card skimming code and redirects to a long-running malvertising campaign infecting several websites.
The Capital One data breach is in early stages of remediation. Art Coviello, former chair of RSA, which was breached in 2011, shares first-hand insight on steps the breached institution and its CEO should be taking now.
An essential component of protecting payment information is devaluing the data that is transmitted so it's of no use to hackers, says Lance Johnson, executive director of the PCI Standards Security Council.
The Reserve Bank of India intends to do away with the one-time password authentication process for online transactions. In a step in that direction, for the first time, it's allowing widespread tokenization of debit, credit and prepaid card transactions to enhance the safety of digital payments.
As of January 1, 2018, all SWIFT customers must self-attest to their compliance with the new SWIFT Customer Security Program (CSP). The program is designed to respond to the wave of cybercrime targeting SWIFT installations that began with the Bank of Bangladesh breach back in February 2016 and has swept across the...
With hack attacks continuing against banks, SWIFT must follow in the footsteps of other vendors - notably Microsoft - and begin offering detailed, prescriptive security guidance to its users, says Doug Gourlay of Skyport Systems.