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.
Mastercard says that starting in 2024, banks and other institutions that issue its credit and debit cards will no longer need to include a magnetic stripe on the back, and that by 2033, m
agnetic stripes will be extinct. Given magnetic stripes' many security downsides, what's taken so long?
T-Mobile USA says its massive data breach is worse than it first reported: The count of prepaid and postpaid customers whose information was stolen has risen to 14 million. Also revised upward: its count of 40 million exposed credit applications from former customers and prospects.
The FFIEC has issued updated guidance advising banks to use stronger access controls and multifactor authentication. Some experts call the update "long overdue."
Initial access brokers continue to sell easy access to networks. Given the uptake of such access by ransomware operations over the past year, one surprise is that relatively few individuals appear to be serving as brokers, which, of course, makes them an obvious target for law enforcement authorities.
Mark Ballister, CISO of the University of Rochester Medical Center and Jon Moore, chief risk officer of consulting firm Clearwater, discuss how the medical center's security risk management program has evolved since carrying out a HIPAA corrective action plan after two data breaches.
What are the latest cybersecurity issues? Join four Information Security Media Group editors as they describe the top issues of the week, including the risk of cyberattacks provoking a kinetic response, as well as top healthcare CISOs' tips for handling supply chain security, resiliency and ransomware.
This edition of the ISMG Security Report offers an analysis of how tractors manufactured by John Deere are at risk of being hacked. Also featured: a description of the infrastructure bill passed by the Senate that would boost cybersecurity funding and an update on the reboot of the AlphaBay darknet market.
The recent ransomware attack that disrupted Scripps Health's IT systems and patient care for nearly a month has so far cost the San Diego-based organization nearly $113 million, including $91.6 million in lost revenue, according to a financial report the nonprofit entity filed this week.
The firewall has been the cornerstone of enterprise network security since the dawn of the internet age. In 2021, the firewall’s capabilities still represent a core element of IT security, and they will remain so for years to come. But they need to continue to evolve.
On Tuesday, the Senate, by a vote of 69-30, passed a $1 trillion infrastructure spending bill that would provide additional money for cybersecurity over the next several years, including extra funds for the Department of Homeland Security and its Cybersecurity and Infrastructure Security Agency.
NIST is updating "cyber resiliency" guidance to focus on mitigating modern cyberthreats to IT networks, especially ransomware and nation-state attacks. A draft encourages security defenders to move away from a perimeter-based defense to building resilient IT systems.
Two bipartisan bills introduced in Congress this week seek to address cyberthreats. One calls for imposing sanctions against countries that allow ransomware gangs to operate within their borders. Another would require law enforcement agencies to better track cybercrime statistics to identify trends.
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