Qadit's SecureITy ZoneInformation is power. Secure IT.
One of the main principles of security is accountability. There are some problems associated with accountability, such as the difficulty in determining the security relevance of each user action. Another problem is searching through the collected data to find meaningful information.
Financial Institutions have always been highly susceptible to data breaches and as per indicators the first half of 2010 has not been any different. Already 39 breaches have been reported by Financial Institutions, and considering that reported breaches form a tip of the iceberg in relation to total breaches, actual breaches are expected to be significantly higher. Read more »
A recent ruling by consumer court in Mumbai, India has held the bank responsible if it has not complied with regulations and the account holders money is fraudently transferred. Read more »
Recent Phishing Scams
Over the last few months, financial institutions have seen a varying profile of phishing attacks. Two interesting instances are reproduced below Read more »
The Information Technology Act gives legal validity to internet based communications / transactions like email and EDI etc, i.e. e-commerce in short.In these internet based transactions, a digital signature serves the purpose of identifying the originator of the transaction and ensuring that the communication has happened without any intermediary disturbance like data tampering or modification. Read more »
Traditional authentication mechanisms for online banking have been password and/or a one time password from a dedicated token. Variants or a combination of these two authentication types have been deployed by most banks across the globe. Increasingly these traditional customer authentication methods are being challenged and defeated. Read more »
Network Solutions had an IT Security incident in June this year that compromised more than 573,000 credit and debit cardholders. In what is becoming a very regular post incident debate the issue being asked is – Do certifications such as ISO27001, PCI really beef up IT Security in companies? Read more »
We all know what phishing attacks are and nobody falls prey to such attacks anymore. Right? Wrong.
Mission Impossible !!
With only 100 compromised ATM cards thieves were able to grab $9 million from ATMs in a new style of attack in just under 30 minutes. Law enforcement sources have told that it’s one of the most frightening well-coordinated heists they’ve ever seen.
From the news that have come in till now, the flow of events is presumed to be as follows. Read more »