Indian banks hit by massive ATM breach
India's top banks are asking customers to change PIN codes and recalling millions of debit cards following reports of a malware-based security breach at a number of unspecified ATMs across the country.
State Bank of India, HDFC Bank, ICICI Bank, Yes Bank and Axis Bank have all issued advisories concerning the breach, which may impact up to 3.2 million debit cards. Earlier this week, State Bank of India blocked and recalled over 600,000 cards, while other banks have instructed some customers to alter their PINs and avoid using ATMs that are not on their network.
New EU rules could cost UK firms £122bn in cybersecurity fines - PCI SSC
Businesses in the UK could face up to £122 billion in regulatory penalties for cybersecurity breaches when new EU legislation comes into effect in 2018, says the PCI Security Standards Council (PCI SSC).
Hackers hit 6000 web stores to steal card data
Crooks have injected malicious code into 5925 online stores, enabling them to steal payment card details, according to a Dutch developer.
US Treasury and Fed wlecome G-7 agreement on cybersecurity fundamentals
Today, the U.S. Department of the Treasury and the Board of Governors of the Federal Reserve System welcomed publication of the Group of 7 (G-7) Fundamental Elements of Cybersecurity for the Financial Sector.
Neustar Research: DDoS Attacks Consistent, Relentless and Costly
Neustar, Inc. (NYSE:NSR), a trusted, neutral provider of real-time information services, today published its “October 2016 Worldwide DDoS Attacks & Protection Report: A Steady Threat in the Connected World,” a research report focused on DDoS attack and protection trends. The report highlights that DDoS attack volume has remained consistently high and these attacks cause real damage to organizations. The global response also affirms the prevalent use of DDoS attacks to distract as “smokescreens” in concert with other malicious activities that result in additional compromise, such as viruses and ransomware.
Study Finds Employees, IT Professionals in Germany More Confident About Protection of Important Data Than in US, UK, France
Employees and IT professionals in German organizations are more confident about their ability to resist the growing risks of cyberattacks and insider threats than their counterparts in the US, UK and France. Those are among the findings from a new study of more than 3,000 end-user employees and IT practitioners across the U.S. and Europe.
Bank regulators urged to address security of biometric data
Andrew Tryie, the chair of the UK government's influential Treasury Select Committee has called on banking industry regulators to develop action plans and policies to protect consumer interests in light of the increasing use of biometric technology to access accounts.
UK Government to open cyber security accelerator for tech startups
A groundbreaking partnership between DCMS, GCHQ and the nation’s top tech start-ups to develop new technologies aimed at protecting the UK from cyber attacks has been announced.
