The EU's General Data Protection Regulation, which will be enforced beginning May 25, has significant implications for how financial institutions worldwide handle customer data, says Brett King, CEO of Moven, an all-digital bank, who sizes up the challenges.
Following reports about U.S. companies that enable government and other users to access real-time tracking information for all major U.S. wireless carriers' subscribers, provider Securus Technologies has reportedly been hacked, while LocationSmart has fixed a data-exposing flaw.
Leading the latest edition of the ISMG Security Report: Years of massive data breaches have fueled an increase in synthetic identity fraud, in which fraudsters combine real and bogus details to create more effective fake identities. Plus, has "The Dark Overlord" hacking group finally met its match?
The noose appears to be tightening around the Dark Overlord, a group of international hackers who have stolen and held for ransom sensitive information from dozens of companies, healthcare organizations and U.S. public schools. Serbian police say they've arrested a suspect in cooperation with the FBI and U.K....
A former CIA software engineer who is facing child pornography charges is a possible suspect in the largest-ever leak of classified information from the spy agency. While Joshua A. Schulte has not been charged with the leak, prosecutors have indicated they will soon indict him.
Researchers at the University of Cambridge, via a myPersonality test on Facebook, reportedly used data from 3 million users to power a spin-off company that delivered targeted advertising services. Facebook says the app is one of 200 that it's suspended for suspicious data handling practices.
Speech recognition software vendor Nuance Communications says an unauthorized third party accessed one of its medical transcription platforms, exposing records for 45,000 people. The company has blamed the breach on a former employee, who accessed personal data from several of Nuance's clients.
Security alert: Microsoft has issued updates to fix 67 unique flaws in its products. One vulnerability in Windows VBScript engine is already being actively exploited in the wild via malicious Word documents and could also be employed for attacks via websites and malvertising, Microsoft warns.
Spectre and Meltdown: It's déjà vu all over again as Intel is reportedly prepping a coordinated vulnerability disclosure announcement for eight new speculative execution flaws. One of the new flaws is apparently worse than any of the three Spectre/Meltdown variants that came to light in January.
Equifax says it continues to field queries from U.S. lawmakers about the full extent of its massive 2017 data breach, which occurred after an attacker exploited its unpatched Apache Struts web application. Research finds that many more organizations are using unpatched Struts applications.
A remote code execution vulnerability revealed in late March in the Drupal content management system is now being used on a large scale for mining the virtual currency monero, a researcher says. At least 400 websites have been infected, and the total number is likely far higher, security experts warn.
Ovum Research and Entrust Datacard experts discuss the transformation of identity and where it is headed.
Watch this video to learn more about:
Real-world examples of how organizations are embracing mobile and cloud platforms.
The pressure to meet compliance, and maintain and grow your customer base is intensified as the creativity of fintech offerings and customer expectations continue to rise. To effectively differentiate your offerings, your ability to deliver innovative, omni-channel services will be critical.
Leading the latest edition of the ISMG Security Report: Cambridge Analytica shuts down, saying it's lost all of its customers, and Australia's Commonwealth Bank spots a big, bad potential data breach.
Australia's Commonwealth Bank has confirmed that two magnetic tapes containing transaction information for 19.8 million accounts went missing two years ago after mishandling by a subcontractor. A forensic investigation concluded the tapes were likely destroyed, and no fraudulent activity has been detected.
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