British police have arrested a third suspect in connection with the hack attack against telecommunications provider TalkTalk. Separately, Vodafone UK also issued an alert of a breach, which it traced to reused passwords.
Even though the U.S. is migrating to the EMV chip, Visa is still stressing the need for merchants to comply with the PCI Data Security Standard, says Eduardo Perez, the card brand's senior vice president of payment risk, in this video interview.
A quiet life in retirement? Not for Art Coviello, former executive chairman of RSA. He's just joined the boards of two new security ventures, Bugcrowd and Cylance, and he's got big ideas for how to influence the 2016 cybersecurity agenda.
LifeLock says it has reached a tentative agreement on a settlement with the FTC regarding alleged information security shortcomings and other issues. It says it's also reached agreement on a proposed settlement of a related consumer class action lawsuit. The stock market reacted favorably to the announcements.
Many CEOs and boards of directors are failing their companies by not truly understanding their cybersecurity risks, says Steve Durbin of the Information Security Forum. He stresses that senior leaders must ensure their organizations provide adequate funding to manage risks.
While sophisticated cyberattacks and high-profile mega-breaches get most of the attention, European fraud experts say less sophisticated attacks are far more common and pose a greater fraud risk. At ISMG's Fraud Summit in London, they called for global collaboration to fight fraud.
Too many companies lack an understanding of the business ramifications of cyber threats, says Juanita Koilpillai, president of the Digital Risk Management Institute. In a video interview, she describes why business owners and insurance companies must work together to develop modern cyber risk management programs.
British police have arrested a 15-year-old boy in connection with the suspected hack of TalkTalk. Security experts say that if a teenager was responsible, it's going to be difficult for the communications firm to prove that it takes customers' data security seriously.
Cyberattacks are challenging our current methods of defense, says Lance James, a global cyber intelligence adviser at the consultancy Unit 221b. In a video interview, he discusses the changes in tools and skills that must be made to fend off fast-moving adversaries.
A third data breach affecting TalkTalk has prompted sharp questions from U.K. public officials about whether stronger breach notification laws and breach-related penalties might help prevent more such incidents from occurring.
The recent data breach at U.K.-based telecom company TalkTalk illustrates that breach risk mitigation is a critical issue worldwide. PCI's Jeremy King, who will be a featured speaker at ISMG's Fraud Summit London on Oct. 27, explains why European data security is getting more scrutiny.