Is SWIFT now playing good cop/bad cop? While it initially promised to not police the financial services industry, it's now considering training auditors and suspending banks found to have poor information security practices.
A federal judge has cleared the way for a class-action lawsuit filed by card issuers against Home Depot over the retailer's massive 2014 payments breach to proceed. In making the ruling, the judge noted that the banks' allegations regarding the retailer's security negligence appear to have merit.
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.
In the wake of reports that 65 million stolen credentials from micro-blogging platform Tumblr have surfaced online, following 117 million LinkedIn credentials, it's clear that 2016 is fast becoming the year of what one security expert dubs "historical mega breaches."
Since California passed its pioneering data breach notification law in 2003, many other states and some countries have followed suit. Here's a closer look at the status of breach notification requirements in four regions.
After years of debate, the EU's General Data Protection Regulation has finally passed. What impact - if any - will the GDPR have on business and future legislation in India? Security experts weigh in on this debate.
Hackers reportedly stole $250,000 from Bangladesh's Sonali Bank in 2013, in what's now the fourth case involving malware attacks and injecting fraudulent money-transfer requests into the SWIFT interbank messaging network.
Cyberattacks have gained regulatory attention worldwide. But the world doesn't need more regulation to address new threats, says Steve Durbin of the Information Security Forum. Instead, government must work more closely with the private sector.
As Europe counts down to implementing its General Data Protection Regulation, which will require EU-wide data breach notifications for the first time, similar efforts to enact a single federal law in the United States remain stalled.
LinkedIn failed to force all users to reset their passwords after a 2012 breach of at least 6.5 million credentials came to light. But it turns out the breach actually compromised 167 million accounts. Whoops.
Neither Australia nor New Zealand currently has laws on the books requiring organizations to notify people affected by data breaches. But both countries do say they are committed to introducing that requirement.
A surge in ransomware attacks on hospitals is driving healthcare organizations large and small - as well as lawmakers and law enforcement agencies - to consider new and improved approaches to dealing with this evolving threat.
Officials in several nations are probing the security of the SWIFT interbank messaging system in the wake of recent hacker attacks. Can the bank-owned cooperative better police members, secure access to its network as well as spot emerging hack attacks and fraud?
Another series of SWIFT-enabled hack attacks against a bank has come to light, following the theft of $81 million from the central bank of Bangladesh and SWIFT warning that other banks are also being targeted.