Following the government's recent demonetisation initiative, the RBI has announced removal of its two-factor authentication requirement for low-value card-not-present transactions. But some critics fear the move, designed as a catalyst for cashless transactions, could lead to an increase in fraud.
Hours after President Obama directed intelligence agencies to conduct a full review of alleged efforts by the Russians to influence the 2016 presidential election, reports surfaced that the CIA in a secret report concluded with "high confidence" that the Kremlin tried to influence the vote in favor of Donald Trump.
Over the past two years, DDoS attacks have grown in strength and in purpose - they are often used now as a tool of extortion, says Richard Meeus of security vendor NSFOCUS. How should security leaders prepare to respond to these strikes?
In an in-depth audio interview, Troy Leach of the PCI Security Standards Council describes just-released guidance that's designed to help organizations simplify network segmentation, a practice the council strongly recommends to help protect payment card data.
Coming soon to an internet service provider near you: routers infected by IoT device botnet-building malware such as Mirai. The latest victim is ISP TalkTalk, which is updating routers to block DDoS attackers who have been seizing control of the devices.
In an audio interview, Steve Durbin, managing director of the Information Security Forum, offers a forecast of the top security threats for the year ahead, including the ramping up of attacks fueled by "crime-as-a-service" offerings.
As fraudsters continually refine their techniques to steal banking customers' credentials, IBM fights back with new tools that use behavioral biometrics and cognitive fraud detection. IBM's Brooke Satti Charles offers a preview.
Hackers apparently stole $31 million from accounts that banks keep at Russia's central bank in a series of cyberattacks this year, according to several news reports. The news comes as the country's security service also claims to have fought off broader attacks against the financial services industry.
Visa and MasterCard have pushed back their EMV fraud liability shift date for U.S. pay-at-the-pump gas terminals from October 2017 to October 2020. They made the right decision, given the relatively low rates of card fraud at gas pumps.
Acknowledging the urgent IT security challenges the nation faces, a cybersecurity commission named by President Barack Obama encourages the incoming administration to adopt some of its recommendations in the first 100 days of Donald Trump's presidency.
Cyber espionage and other increasingly sophisticated nation-state cyberattacks will escalate into what amounts to "cyberwar" in 2017, predicts security expert Michael Bruemmer of Experian Data Breach Resolution.