Nacha's new ACH rules require all banks to update policies and procedures to ensure better fraud detection. These changes help banks comply with new standards without relying solely on technical solutions, said Devon Marsh, managing director of ACH network rules and risk management at Nacha.
Ransomware remains a major threat to energy, oil/gas and utilities organizations of all sizes around the globe. Our 2024 state of ransomware report reveals that the median recovery costs for two critical infrastructure sectors - energy and water - quadrupled to $3 million over the past year.
Despite all the platformization buzz, there are very few vendors with market-leading capabilities in at least three disparate security technology categories. That could change if Google forges buys cloud security firm Wiz for a reported $23 billion just two years after buying Mandiant.
Who's responsible for the data breaches experienced by customers of the data warehousing platform Snowflake due to credential stuffing attacks? While users have security responsibilities, multiple platforms - including Snowflake - have shortcomings they must urgently address.
Chief Information Security Officers (CISOs) face unprecedented challenges in their efforts to protect their organizations against a rising tide of increasingly sophisticated cyberthreats.
As ACH continues to dominate U.S. transactions, newer payment rails, including FedNow, are working to make their platforms more secure. One of the ways they are doing this is by implementing a request for payment or RFP. Ani Narayan at Modern Treasury discussed the implications of this move.
Personal branding is the practice of marketing oneself and one's career as a brand. It plays a role in how you are perceived and how you perceive yourself as a professional, and it can set you apart from other candidates. Here are tips on how to create and maintain your personal brand.
Being an effective leader involves recognizing and embracing the expertise of others, particularly in areas where your own knowledge is limited. Here are tips on how to attract top talent and retain these exceptional employees by fostering a culture of excellence, innovation and continuous learning.
AI presents enormous opportunities for reducing inequalities and promoting inclusivity in developing regions, but its deployment must be guided by ethical practices and a conscious effort to integrate diversity and inclusion at every stage. We must leverage AI responsibly.
The conventional trajectory for tech graduates is diversifying. Industries previously considered peripheral to technology are now actively recruiting tech talent. Employers who bypass the fresh wave of graduates are sidelining strategic advantages that could propel their organizations forward.
For the love of humanity, please stop playing into ransomware groups' hands by treating their data leak blogs as reliable sources of information and then using them to build lists of who's amassed the most victims. That's not what data leak sites actually document.
The number of victims who opt to pay a ransom appears to have declined to a record low. During the last three months of 2023, an average of 29% of organizations hit by ransomware paid a ransom - a notable shift from what ransomware watchers saw in recent years.
A top U.S. banking lobbyist told a Senate panel Thursday there are limits to what financial institutions can do to stop scammers from draining individual banking accounts and called on regulators such as the Federal Communications Commission to do more to combat caller ID spoofing.
The New York attorney general sued the third-largest bank in the United States over its alleged failure to protect consumers from scammers. "If a bank cannot secure its customers' accounts, they are failing in their most basic duty," said Attorney General Letitia James.
Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how visitors use our website. By browsing databreachtoday.asia, you agree to our use of cookies.
