BitSight Technologies is out with its annual Industry Benchmark Report, and cybersecurity ratings are low for the energy and utilities industry. BitSight's Mike Woodward shares insights for all sectors.
In the wake of the Oct. 1 EMV fraud liability shift date, U.S. merchants can expect to pay for counterfeit fraud losses previously absorbed by European issuers, says Jeremy King of the PCI Council. Longer-term, he expects European banks will experience more fraud as U.S. POS and card security leapfrogs other markets.
As a result of Experian's data breach, 15 million T-Mobile subscribers are at risk from phishing attacks and fraud. But it's not clear what more T-Mobile can do to protect breach victims, says security specialist Mark James.
Cybercrimnals are now using the Dyre and Dridex banking Trojans to gather massive amounts of data about individuals and companies that could enable them to track patterns of behavior, which might later help them evade intrusion detection, says Fox-IT's Eward Driehuis.
The commoditization of attack infrastructure and services in the cyber-criminal underground, and the low cost and ease of launching targeted attacks, are growing concerns that require new defense strategies, says Trend Micro's Raimund Genes.
In addition to having a dedicated individual or team responsible for privacy matters, organizations must ensure their information security and IT staffs are knowledgeable about data privacy issues, says Trevor Hughes, CEO of the International Association of Privacy Professionals.
PCI Council General Manager Stephen Orfei says the migration to EMV in the United States will facilitate faster adoption of contactless mobile payments. That's why mobile will be a hot topic at the PCI Council's annual North America Community Meeting this week.
The attacks have evolved, breaches have multiplied, and serious security gaps have been exposed. But what most concerns FireEye President Kevin Mandia? The rise of nation-states as leading threat actors.
The use of Bitcoin poses big cybersecurity and money-laundering concerns for banks. But the transaction infrastructure used by cryptocurrencies offers many features that banks should put to use, says former FBI Special Agent Vince D'Agostino.
The U.S. migration to EMV chip payment cards, which is progressing slowly, will be overshadowed by EMV-compliant mobile payments, says Gray Taylor of Conexxus, a convenience store and petroleum industry technology association.
President Obama characterizes hacks of American businesses by Chinese hackers as an "act of aggression" against the United States and promises his administration will take action against the Chinese if they don't stop.
Drawn by the potential for low risk and high reward, criminals worldwide are increasingly pursuing online crime instead of conventional forms of property crime, such as burglary and robbery, warns cybersecurity expert Alan Woodward.
FBI Special Agent Charles Gunther says collaboration with FinCEN, international law enforcement and U.S. banks has helped the FBI recover millions of funds stolen from customers via emerging wire fraud schemes.
More hackers are exploiting remote-access and network vulnerabilities, rather than installing malware to invade networks and exfiltrate data, says Dell SecureWorks' researcher Phil Burdette. That's why conventional breach-detection tools aren't catching the intrusions.
Cybersecurity adviser Patricia Titus, a former CISO, says too many women are leaving the information security field for jobs with less pressure and more work schedule flexibility. So she urges organizations to offer more incentives to attract and retain women in the field.