The Reserve Bank of India has decided to allow all banks to use remote video-based "know your customer" authentication for onboarding new clients. But some observers say many Indian banks may prove reluctant to use video KYC because they lack the necessary technology and new customers lack smartphones.
As business email compromise schemes continue to evolve, some cybercriminals are focusing on accessing companies' financial documents, which provide useful information to support the theft of money, according to a new report from security firm Agari.
P&N Bank in Perth, Australia, says a server upgrade gone wrong led to the breach of sensitive personal information in its customer relationship management system. The incident is another example how organizations can be imperilled by mistakes on the part of their suppliers.
A day after the NSA disclosed a significant vulnerability that could affect the cryptographic operations in some versions of Windows, security researchers started releasing "proof of concept" code designed to show how attackers potentially could exploit the flaw. This highlights the urgency of patching.
As if ransomware wasn't already bad enough, more gangs are now exfiltrating data from victims before leaving systems crypto-locked. Seeking greater leverage against non-paying victims, Maze and Sodinokibi attackers are not just threatening to leak stolen data; they're also following through.
One gaping hole in the U.S. government's push to counter Chinese-built 5G telecommunications gear remains the lack of alternatives. But a bipartisan group of senators is seeking to create a $1 billion fund to create trusted, Western-built options.
Iranian-led disinformation campaigns and other cyberthreats against the U.S. are likely to surge in the aftermath of Iranian Major General Qasem Soleimani's death, security and political experts told a House committee Wednesday. That's why federal agencies need to shore up their defenses.
A federal judge in Atlanta has given final approval to a settlement that resolves a class action lawsuit against credit bureau Equifax, which in 2017 suffered one of the largest data breaches in history. The minimum cost to Equifax will be $1.38 billion.
A new Princeton University research paper finds that five major U.S. prepaid wireless carriers are leaving their customers open to SIM swapping attacks. The main culprit is weak account authentication procedures that attackers can easily exploit.
The NSA took the unusual step Tuesday of announcing what it calls a "severe" vulnerability in Microsoft's Windows 10 operating systems ahead of Microsoft's Patch Tuesday security update. The flaw could allow attackers to execute man-in-the-middle attacks or decrypt confidential data within applications.
Hackers with ties to the Russian government have targeted Ukrainian natural gas firm Burisma with phishing attacks designed to steal credentials, according to researchers at Area 1 Security. The company is at the center of the impeachment of President Donald Trump.
U.S. Attorney General William Barr is ratcheting up the pressure on Apple to unlock two iPhones belonging to a Saudi national who carried out a deadly shooting in December. The attorney general is labeling the shooting as an act of terrorism and says Apple is hampering a counterterrorism investigation.
Microsoft this week issues the final, free security updates for its Windows 7 operating system, as well as Windows Server 2008 and 2008 R2. But with one-third of all PCs continuing to run Windows 7, experts are urging organizations to immediately move to a more modern operating system.
A baby photo and video-sharing app called Peekaboo Moments is exposing sensitive logs through an exposed Elasticsearch database, a researcher has found. The data includes baby photos and videos, birthdates, location data and device information.