What are the key mobile security threats to financial organizations, and how are these enterprises marshalling their mobile threat defense? These were the questions posed by ISMG and Wandera to security leaders in San Francisco. Wandera's Michael Covington discusses the response.
Adobe says its e-commerce Magento Marketplace has been breached, exposing usernames, email addresses and more. The software giant has yet to detail how many users were affected or the breach duration. Unfortunately, the stolen data could be used to fuel phishing attacks.
South Korean cryptocurrency exchange Upbit says hackers have stolen $49 million worth of ethereum, in what is the year's seventh major cryptocurrency heist. Much of the $158 million stolen so far this year is likely fueling the North Korean regime's appetite for luxury goods and weapons of mass destruction.
Twitter users no longer have to supply a phone number in order to use two-step verification for authentication. The move will better protect accounts from SIM hijacking attempts and also means users don't have to sacrifice some of their privacy to enable a security feature.
Mobile technology allows customers complete control over their banking security via their smartphones, however recent fraud cases have seen criminals virtually hijacking mobile phones to intercept alerts and texts.
The notorious Joker's Stash cybercrime marketplace, which specializes in selling stolen payment card data, has a new listing for 1.3 million credit and debit cards, almost all of which appear to have been issued by Indian banks, reports threat intelligence firm Group-IB.
Application fraud continues to be a significant problem for FIs across the U.S. As identity crimes continue to grow, it is increasingly difficult for FIs to determine who they are dealing with in all delivery channels.
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Delayed enforcement of the "strong customer authentication" requirements for online transactions under the European Union's PSD2 regulation is hampering efforts to enhance security. That's why the European Banking Authority should act quickly to develop a new timeline.
Russian national Andrei Tyurin pleaded guilty to perpetrating massive hack attacks against leading U.S. financial services firms and others from 2012 to mid-2015. Victims included JPMorgan Chase, from which he stole details of 83 million customer accounts.
One of the main goals of PSD2 is to provide consumers with better service, both in terms of user experience and security. PSD2 was developed with consumers in mind. It is intended to enhance transparency and improve the customer experience while lowering costs through competition.
A global law enforcement operation has resulted in the arrest of 281 suspects allegedly involved in business email compromise scams. The announcement comes on the same day as the FBI's Internet Crime Complaint Center says that losses from BEC scams have hit $26 billion and are continuing to rise.
Cybercrime is surging thanks, in part, to the availability of inexpensive hacking tools and services. A recent look by security firm Armour at black market offerings finds stolen payment card data, RDP credentials, ransomware and DDoS services are widely available for sale.
Facebook and Twitter have suspended a number of accounts and pages that they have tied to information operations being run by the Chinese government. Disinformation has targeted pro-democracy demonstrators in Hong Kong - likening them to cockroaches - while dismissing anti-Beijing sentiment as "fake news."
If you're a provider of financial services, then client trust, privacy, and risk management are critical to your success. Therefore, you must protect your organization's sensitive data from cyber attacks and data breaches. A recent survey of current software security practices in the financial services industry...
If you're a provider of financial services, then client trust, privacy, and risk management are critical to your success. Therefore, you must protect your organization's sensitive data from cyber attacks and data breaches. A recent survey of current software security practices in the financial services industry...
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