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. Continue reading “Banks responsible for hacked customer accounts”
No Work No pay? Time to change the rules
In what is nearly comical for the type and nature of incident, telecom giant Avaya paid salary to an employee who never worked. Investigations reveal that it was a simple case of not deleting the name from payroll file. Continue reading “No Work No pay? Time to change the rules”
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”