Security News
In the last few weeks alone, among others, a leading German children's food manufacturer and a global Tier1 automotive supplier, headquartered in Germany, were hit, with the latter becoming the victim of a massive ransomware attack. Such an attack even led to insolvency at the German manufacturer Prophete in January 2023.
As payment fraud increases, global losses are projected to reach $40.62 billion by 2027. Governments and businesses are turning to meaningful customer authentication to crack down on identity theft.
Fears over security have become less of a concern for organizations adopting IoT solutions than it was five years ago, according to a recent study by Wi-SUN Alliance, a global member-based association of industry leading companies driving the adoption of interoperable wireless solutions for use in smart cities, smart utilities, IoT and industrial IoT applications. The Journey to IoT Maturity, a follow-up to Wi-SUN's 'state of the nation' IoT study in 2017, is based on interviews with IT decision makers from UK and US IoT adopters within key industries, including energy and utilities, state and local government, construction, technology, and telecommunications.
The Indonesian Ministry of Communication and Information Technology, Kominfo, is now blocking access to internet service and content providers who had not registered on the country's new licensing platform by July 27th, 2022, as the country begins to restrict access to online content providers and services. The first blocks began Friday, a day before the June 26th deadline, and according to internet access monitoring org NetBlocks, some of the service providers include Yahoo, Steam, and PayPal.
The DCMS helped fund the roll out of assurance schemes leading to IASME launching its IoT Security Assured Scheme in 2021. The theory is that the product assurance scheme will spur compliance ahead of the PSTI, making the transition that much easier for the IoT industry, and the fact that many have aimed high suggests the approach is working.
Cisco's 2022 data privacy study finds that privacy budgets are up, and companies are seeing good return on these investments. Survey respondents cited strong support for privacy laws with 83% saying these rules have had a positive impact.
Due to the disconnect between the teams, security professionals often purchase application security tools that disregard developers' needs and processes. The shift left approach helps to bridge the gap between developers and security professionals; it moves security testing and vulnerability management into the earliest stages of development.
Cataclysmic breaches and a woeful shortage of a trained cybersecurity workforce prompted the Biden Administration to haul a collection of the biggest names in business into a White House cybersecurity summit this week, to talk about what they plan to do about it. For all the public posturing by prominent CEOs at tech giants, many security experts agree that the administration will ultimately need to mandate and enforce cybersecurity standards to make real progress.
Neustar has launched Neustar TRUSTID Solutions, a suite of solutions designed to help organizations reduce fraud, improve contact center efficiency and comply with consumer protection regulations. Neustar TRUSTID Fraud Solutions help companies reduce fraud and friction in the digital and voice channels by efficiently signaling potential risks and letting legitimate customers through faster.
WhatsApp on Wednesday fired a legal salvo against the Indian government to block new regulations that would require messaging apps to trace the "First originator" of messages shared on the platform, thus effectively breaking encryption protections. "Requiring messaging apps to 'trace' chats is the equivalent of asking us to keep a fingerprint of every single message sent on WhatsApp, which would break end-to-end encryption and fundamentally undermines people's right to privacy," a WhatsApp spokesperson told The Hacker News via email.