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Showing 18 most recent headlines Filtered view

Pathlock's Jason Gzym on ERP Platforms, Observability and Fraud ExposureOrganizations believe their identity governance programs cover critical business systems. Jason Gzym, vice president of sales engineering and advisory at Pathlock, says ERP platforms remain a blind spot because teams lack granular visibility into access, activity and risky entitlement combinations.

Bank Info Security 4 months, 3 weeks ago

PayPal Ties Small Data Breach and Fraud to App Coding Error

Fintech Giant Says Personal Data Exposed for About 100 Business Users of Loan AppFinancial services firm PayPal said it discovered a data breach that lasted for six months, exposed some business customers' personal information and led to fraudulent charges. The company said about 100 customers were affected, and that it has fully refunded them for fraudulent charges.

Bank Info Security 5 months, 1 week ago

How Banks Can Limit Losses From First-Party Fraud

Cadence Bank's Brent Phillips Focuses on Controls for Online Account OpeningFinancial institutions face rising losses from first-party fraud schemes that begin with online account opening. One of the most effective ways to reduce exposure involves practical, risk-based controls that limit how much trust new customers receive before their behavior can be established.

Also: Unleash Protocol Hack, LastPass Breach Linked to Crypto TheftsThis week, an alleged fraud kingpin deported to China, Bitfinex hacker gained early release, Unleash Protocol's $3.9M hack, TRM tied crypto thefts to the LastPass breach, Trust Wallet's link to the Sha1-Hulud attack, Flow's NFT loan fallout, Ledger's data exposure and Kontigo reimbursements.

One cert, in plaintext, on thousands of devices, led to what looks like years of crime South Korea’s Ministry of Science and ICT has found that local carrier Korea Telecom (KT) deployed thousands of badly secured femtocells, leading to an attack that enabled micropayments fraud and snooping on customers’ communications – maybe for years.…

Bank Info Security 1 year, 1 month ago

300K Crash Reports Stolen in Texas DOT Hack

Crash Records and Driver Data Exposed in Texas Transportation HackHackers accessed the Texas Department of Transportation's crash records system using a compromised account, stealing nearly 300,000 reports containing personal and vehicle information that could be used for fraud, the department warned in a letter to impacted individuals.

Bank Info Security 1 year, 1 month ago

Boards Leave CISOs Exposed to Legal Risks

Attorney Jonathan Armstrong Says Board Diversity Must Include Cybersecurity SkillsMany boards lack cybersecurity expertise, leaving CISOs exposed to legal risks. New fraud laws and AI regulations compound the challenge as security leaders struggle for boardroom support, said Jonathan Armstrong, partner at Punter Southall Law.