Social media platforms have emerged as the world's most popular forms of communication. They also have become popular platforms for committing fraud. David Pollino of Bank of the West outlines what institutions should do to secure their social media presence.
Recognizing that social media create fertile grounds for fraud, the American Bankers Association now shares advice for how institutions can use these channels in ways that are compliant, smart and risk-savvy. The ABA's Denyette DePierro offers some tips.
The fundamentals of governance, risk and compliance are sorely lacking in too many organizations that are striving to improve cybersecurity, says Malcolm Palmore, an assistant special agent at the FBI.
When it comes to the internet of things, balancing the need to protect privacy against the need for technological innovation, such as to improve healthcare, is proving challenging, says attorney Jean Marie Pechette.
A "local network breakdown" - reportedly caused by a ransomware infection - led Chinese shipping giant Cosco to shut down all networks for its offices in the United States and seven other countries while it scrubbed and restored systems.
Facebook is making substantial investments to improve its data security and privacy practices. But the long-term cost of those investments and impact on the bottom line has spooked investors, leading to a $120 billion loss in market value on Thursday, the largest one-day loss of value for a U.S. traded company.
Facebook has promised to bring machine learning to bear on the problem of hate speech and information warfare via its platform. But insiders have been urging the company to pursue a major cultural change, including prioritizing not doing anything "creepy" over the quest for short-term gain.
Under the EU's General Data Protection Regulation, within 72 hours of an organization learning about the data breach, it must report the breach to relevant authorities or face fines. The U.K.'s data privacy watchdog says it's already seen the volume of self-reported breaches quadruple.
Randy Trzeciak, director of the CERT Insider Threat Center at CMU, says he's frequently asked: "Haven't we solved the insider threat problem?" Far from it, he responds. In fact, he's helping many organizations start insider threat defense programs. He'll be a speaker at ISMG's New York Security Summit.
For years, Brett Johnson dedicated his time to cooking up new ways to defraud individuals and enterprises. Now the convicted felon spends his time recounting his crime story for business and security leaders. He'll be a featured speaker at ISMG's Security Summit Aug. 14-15 in New York.
Jon Montroll, the former operator of a bitcoin exchange that was hacked, leading to the theft of 6,000 bitcoins, has pleaded guilty to charges that he obstructed federal investigators and deceived investors by attempting to cover up the losses.