$9 million (about Rs.45 crores) stolen from ATMs in less than 30 minutes

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. Continue reading “$9 million (about Rs.45 crores) stolen from ATMs in less than 30 minutes”

Compliance is illusory- Security is real

While there have been scores of IT related security incidents and this is definitely not going to be the last, the Heartland Payment Systems incident is noteworthy for the fact that the company in question was PCI compliant. While we have been seeing security certifications such as ISO27001, PCI being introduced and implemented across industry, a key question that rarely gets addressed is the absorption of IT Security initiatives within the organization. No compliance can help when importance of IT Security is not understood. At the end of the day compliance to all security standards is only illusory, reality may be far behind. Continue reading “Compliance is illusory- Security is real”