Retail banking institutions in Singapore have three months to phase out the use of one-time passwords (OTPs) for authentication purposes when signing into online accounts to mitigate the risk of phishing attacks.
The decision was announced by the Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) on July 9, 2024.
“Customers who have activated their digital
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The U.S. Government Accountability Office’s annual assessment of the Defense Department’s IT spending revealed that several programs lack approved cybersecurity strategies, leaving them vulnerable to potential cyberattacks.
https://www.backbox.org/wp-content/uploads/2018/09/website_backbox_text_black.png00https://www.backbox.org/wp-content/uploads/2018/09/website_backbox_text_black.png2024-07-15 09:08:582024-07-15 09:08:58Several DOD IT Programs Still Don’t Have a Cyber Strategy, Watchdog Finds
The Office of Management and Budget has issued a memorandum outlining the administration’s cybersecurity priorities for fiscal year 2026, aligning with the national cybersecurity strategy.
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The US government is pressuring software manufacturers to address operating system command injection vulnerabilities following high-profile threat actor campaigns exploiting these flaws in 2024.
McAfee Labs has uncovered a unique malware delivery method called the “Clickfix” infection chain, which starts with users being directed to compromised websites and instructed to paste a script into a PowerShell terminal.
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Exein, a Rome-based startup, is addressing the critical issue of device security in the IoT space. The company recently secured €15 million (~$16.3 million) in a Series B funding round led by cybersecurity-focused VC 33N.
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Crystalray’s attack chain involves using various OSS tools for reconnaissance, scanning, and exploiting vulnerabilities. The group was first discovered in February using the “SSH-Snake” tool to exploit vulnerabilities in Atlassian Confluence.
Federal research agencies will now require covered institutions to implement cybersecurity programs for research and development security due to threats from China. The goal is to increase awareness of security threats and enable apt responses.
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Singapore Banks to Phase Out OTPs for Online Logins Within 3 Months
/in General NewsRetail banking institutions in Singapore have three months to phase out the use of one-time passwords (OTPs) for authentication purposes when signing into online accounts to mitigate the risk of phishing attacks.
The decision was announced by the Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) on July 9, 2024.
“Customers who have activated their digital
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