Security experts advise banking institutions to take several steps, including enhancing authentication and ramping up commercial customer education, as a result of an increase in sophisticated online banking attacks involving a new variant of Dyre malware.
The Trojan "Laziok" targets energy firms throughout the Middle East, India, the U.S. and the U.K., warn security researchers at Symantec. The malware attempts to exploit a Microsoft Office bug patched in 2012.
Declaring a national emergency over hack attacks, President Obama signed an executive order authorizing the government to impose sanctions on hackers. But information security experts voice questions - and concerns.
Some legal and security experts are questioning the potential effectiveness of President Obama's new executive order that allows the U.S. government to block or seize the assets of individuals suspected of launching significant cyber-attacks
Application security is not keeping pace with evolving attacks, says Prasenjit Saha, a CEO at the consultancy Happiest Minds Technologies. One problem: lack of a standard, secure coding process in the application development life cycle.
Chinese officials have reportedly agreed to delay some banking-sector requirements aimed at foreign technology vendors, who were instructed to submit to rigorous audits and to add government-approved backdoors to their products.
The Supreme Court has quashed Section 118 (d) of the Kerala Police Act for violating the fundamental right of freedom. Some cyberlaw experts call it a short-sighted decision that will deter the fight against cybercrime.
Experts debate the value of new PCI guidance for how businesses should use penetration testing to identify network vulnerabilities that could be exploited for malicious activity. Does the new advice go far enough?
DDoS attackers have been targeting the popular code-sharing website GitHub. Security experts say the massive attacks appear to have originated from China and been designed to disrupt access to GitHub-hosted anti-censorship tools.
A former systems administrator at a Romanian financial services institution has been extradited to the U.S. and charged with orchestrating an international hacking scheme that included attacks on medical offices, retailers and security firms.
In a landmark judgment, the Supreme Court of India struck down the controversial Section 66A of India's Information Technology Act, saying it violated the right to free speech as guaranteed by India's constitution.
Target Corp.'s pending settlement of a consumer class action lawsuit is more about public relations than compensating victims, some observers say. But will it have an impact on a pending suit filed by banks?