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The Behavioral Economics of Why Executives Underinvest in Cybersecurity

To Purchase This Product/Services, Go To The Store Link Above Or Go To http://www.become007.com/store/ Source: National Cyber Security – Produced By Gregory Evans Determining the ROI for any cybersecurity investment, from staff training to AI-enabled authentication managers, can best be described as an enigma shrouded …

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Executive’s Desk: Coming soon: Chip-embedded credit cards

Source: National Cyber Security – Produced By Gregory Evans

Major credit card processors are imposing tougher security measures on credit card issuers in the industry’s ongoing efforts to combat credit card fraud. These global standards – called EMV for Europay, MasterCard and Visa, the companies collaborating on the new system – include embedding computer chips into “smart” credit cards that offer greater security for point-of-sale transactions than the magnetic strips on traditional credit cards. Many chip-embedded cards require a personal identification number instead of a signature to complete the point-of-sale transaction and close the security loop; these “chip-and-PIN” cards are the norm around the world, though they’ve been slow to catch on in the United States. One incentive for the changeover is the soaring cost of fraud. According to the payment industry’s Nilson Report, credit card fraud cost banks and merchants more than $5 billion in the U.S. alone in 2012. By contrast, credit card fraud in face-to-face sales has dropped dramatically in countries around the world that have adopted the new technology. The deadline for credit card issuers to offer chip-embedded cards is Oct. 1. After that, the party with the less secure technology will be liable for fraud that wouldn’t have happened with a chip-enabled point-of-sale system. […]

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Executives in Davos Express Worries Over More Disruptive Cyberattacks

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Source: National Cyber Security – Produced By Gregory Evans

DAVOS, Switzerland – Executives from Target and Home Depot were not present at the World Economic Forum, where world leaders and corporate titans are rubbing shoulders and debating weighty issues. Yet the names of those two companies are being invoked several times a day here, held up as examples of early victims in the growing battle against cybercrime. Hackers stole credit card information from 40 million Target customers in late 2013. Last year, Home Depot was hit with a similar breach. And those are just two of a growing list of embattled businesses that includes JPMorgan Chase, Sony and others. Executives were broadly pessimistic on the topic, believing that although a number of prominent cyberattacks occurred in 2014, this year would only be worse. “The number of security incidents this year will be exponentially greater than last year,” said John Chambers, chief executive of Cisco, the big Silicon Valley technology company. And not only are such incidents becoming more common, they are getting more disruptive. “We haven’t seen the worst yet,” said Vishal Sikka, chief executive of the Indian outsourcing giant Infosys. “I think we’ll see five times as many bad incidents as we did last year.” Though Infosys has […]

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Executives in Davos Express Worries Over More Disruptive Cyberattacks – National Cyber Security

nationalcybersecurity.com – DAVOS, Switzerland – Executives from Target and Home Depot were not present at the World Economic Forum, where world leaders and corporate titans are rubbing shoulders and debating weighty issues. …

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Traveling business executives targeted through luxury hotel Wi-Fi

Light has been shed on a specialized brand of cybercrime in the form of surveillance conducted through luxury hotel Wi-Fi, designed to spy on unwary business travelers. According to research released by security firm Kaspersky, a cyberespionage campaign dubbed Darkhotel […]

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“Darkhotel:” new hacker threat targets traveling executives for corporate espionage

“Darkhotel:” new hacker threat targets traveling executives for corporate espionage

Security researchers at Kaspersky Labs announced todaythat for at least the past four years, a group of hacker/spies have been engaged in a campaign of widespread corporate espionage which Kaspersky calls “Darkhotel.” It’s not known exactly who or how many […]

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