With such a wide breadth of responsibility, how can small and mid-sized financial institutions counter sophisticated cyberthreats, provide monitoring and incident response needed for compliance?
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.
The Trump administration has launched a public awareness campaign, spearheaded by the National Counterintelligence and Security Center, urging the U.S. private sector to better defend itself against nation-state hackers and others who may be trying to steal their sensitive data or wage supply chain attacks.
President Donald Trump is reportedly continuing to weigh an executive order that would ban all U.S. organizations from using telecommunications hardware built by China's Huawei and ZTE. Australia and New Zealand have blocked the firms from their 5G rollouts, while other nations weigh similar moves.
Facebook violated consumer protection law by failing to protect personal data that consumers thought they'd locked down, the District of Columbia alleges in a new lawsuit. Plus, Facebook is disputing a New York Times report that it ignored privacy settings and shared data with large companies without consent.
A batch of documents meant to be kept under court seal lays bare Facebook's strategic brokering of access to user data to reward partners and punish potential rivals. The material also demonstrates Facebook's views at the time on privacy and the risks of leaking data.
Israel-based Yehuda Lindell, a cryptography professor, describes how to use secure multiparty computation technology to protect cryptographic keys and describes other potential security applications.
The Monetary Authority of Singapore has announced a grant program to fund up to 50 percent of the cost of certain cybersecurity projects for financial institutions. The goal is to help these institutions establish global or regional cybersecurity centers of excellence.
Malicious bots and botnets are becoming increasingly common and sophisticated, and enterprises need to address them in their risk assessments and security frameworks, says Akamai's Aseem Ahmed.
In today's risk landscape, third-party risk management (TPRM) programs are becoming increasingly critical for businesses. In fact, Gartner estimates that by 2020, 75% of Fortune Global 500 companies will treat vendor risk management as a Board-level initiative to mitigate brand and reputation risk. However, there are...
The level of integration that third-party vendors and services have in the enterprise environment is introducing risks vectors that are not well understood, says Trustwave's Edwin Lim.
Even though many organizations believe that supply chain cyber risk is a serious problem, very few organizations are vetting their suppliers, says CrowdStrike's Michael Sentonas.
"Our risk landscape has changed from protecting the things that we operate to protecting the things that we buy, and that's why third party risk management is the place where people are really focusing," says Joel de la Garza of the venture capital firm Andreessen Horowitz.
The Reserve Bank of India issued a notice to all cooperative banks advising them to apply caution while deploying third-party core banking applications and check for appropriate security standards. The move came after credential theft incidents at some banks. But will banks heed the advice?
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