The breach of an offshore account owned by Union Bank of India is raising new questions about the security of interbank payments, which often rely on antiquated backend verification processes that fraudsters seem to be compromising with relative ease.
An investigative report from Reuters paints a disturbing picture of the Federal Reserve Bank of New York using antiquated security practices to safeguard interbank SWIFT payments. Here's how security experts say interbank transaction security must be improved.
Cybercriminals are sneaking banking Trojans onto systems via the legitimate remote-access tool Ammyy Admin, researchers at Kaspersky Lab warn. The attacks are a reminder to watch for legitimate applications that may have been Trojanized.
A recent interview about Hillary Clinton's email server controversy drew numerous comments, with respondents divided over whether users will devise ways to circumvent systems safeguards to do their jobs more effectively. Join the conversation.
Endpoint protection vendors compete fiercely for customers, and allegations of impropriety are common among rivals. The latest battle pits Sophos against Cylance. Whose version of the story is the truth?
While malware may be used for an initial attack, hackers quickly begin using tools to move around networks that often don't raise suspicion. Here's what to look out for to detect a "low and slow" attack.
In the wake of a majority of British voters opting to leave the European Union, the U.K. Information Commissioner's Office argues that the country should still comply with the EU's data privacy rules. But will politics get in the way?
Dropbox is keeping a close eye on the latest news reports of big-name, big-data breaches, but says the reported hackers are bluffing when claiming to have compromised and obtained the web storage service's data.
Akamai warns of a rash of less sophisticated attempts to extort companies by threatening to strike with distributed denial-of-service attacks, which can be expensive for organizations to defend against.
TeamViewer is strengthening the security of its remote access application after an uptick in account takeovers that the company says is the result of hackers reusing account credentials from recent data breaches.
MySpace has confirmed it is resetting millions of accounts affected by the release of 360 million usernames, email addresses and passwords. According to one expert, more of these types of big breach announcements may be coming.
Financial fraud expert Avivah Litan, a Gartner analyst, says the SWIFT-related heists, which have defrauded banks out of millions of dollars in recent weeks, are not cause for "the sky is falling" alarm. She recommends key security steps to prevent further such incidents.
ISMG editors, in a special report, examine the status of data breach notification laws in a number of regions, including the European Union, which this past week implemented the General Data Protection Regulation, although enforcement won't take place for two years.