Despite these financial headwinds, new ways are emerging for FIs to differentiate on the quality of fraud prevention and outreach they can provide to customers.
For anyone wondering how the Russian-speaking, ransomware-wielding DarkSide crime syndicate was able to disrupt a major U.S. fuel pipeline, a more pertinent question might be: Why didn’t it happen sooner?
"It's not personal ... It's strictly business." That line from "The Godfather" encapsulates the mindset of criminals who extort businesses using ransomware and other tools: Their imperative is profits, no matter any disruption they might cause to critical services, such as those provided by Colonial Pipeline.
A bombshell news report suggests that Dutch mobile network provider KPN in 2010 didn't know if one of its major equipment suppliers - China's Huawei - was spying on users. Viewed 11 years later, the report stands as a reminder to constantly review and address risks posed by suppliers.
Criminals have been targeting customers of British electric vehicle charging infrastructure provider BP Pulse with malicious emails that appear to have been sent from legitimate accounts and domains tied to BP Chargemaster, which is what the service was previously called.
The ongoing lockdown may be complicating the path of Cupid's arrows. But as another Valentine's Day rolls around, authorities are warning that romance scammers - and other types of fraudsters - are alive and well and have been increasingly preying on unsuspecting victims around the world.
In light of calls from some quarters for the U.S. to launch online attacks in reprisal for the SolarWinds supply chain campaign - allegedly carried out by Russia's foreign intelligence service - it's time to pause and remember: Spies are going to spy.
Victims of crypto-locking malware who pay a ransom to their attackers are paying, on average, more than ever before. But investigators warn that when victims pay for a guarantee that all data stolen during an attack will get deleted, criminals often fail to honor their promises.
As new payment trends emerge, such as the surge in ecommerce during the COVID-19 pandemic, payment card standards also must change, says Jeremy King of the PCI Security Standards Council, who will be a featured speaker at ISMG's Virtual Cybersecurity and Fraud Summit: London on Oct. 20.
The number of cybersecurity incidents reported to the U.K.'s data privacy watchdog has continued to decline, recently plummeting by nearly 40%. But is the quantity of data breaches going down, or might organizations be failing to spot them or potentially even covering them up?
The need for enhanced business agility and secure remote access to support digital transformation has led to the adoption of the security access service edge, or SASE, model, says Rajpreet Kaur, senior principal analyst at Gartner.
Jeff Schilling, global CISO at Teleperformance, a Paris-based company offering digitally integrated business services worldwide, describes four principles for mitigating security risks for the remote workforce during the COVID-19 pandemic.
Troy Leach of the PCI Security Standards Council discusses how the shift to card-not-present transactions during the COVID-19 pandemic has created new fraud-fighting challenges and offers an update on pending standards revisions.
Adopting the policies in NIST 800-171 brings multiple security-related benefits, including best practices for data access policies, reduced risk of data breaches and insider threats, and a scalable approach to protecting sensitive data.
In this in-depth blog, a long-time cybersecurity specialist who recently joined the staff of Information Security Media Group sizes up evolving ransomware risks and offers a list of 11 critical mitigation steps.
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