News that charges were filed last week against two California residents for their alleged roles in the 2011 Michaels crafts stores breach, which involved terminal tampering, is a reminder of how much hackers have improved their techniques in just four years.
Julie Conroy of the Aite Group analyzes why a new report shows most top-tier North American banking institutions expect to increase their spending on online and mobile fraud mitigation in the next two years.
The prices for stolen payment card data and other cybercrime products and services on Russian underground forums continue to fall. But the cybercrime ecosystem is more automated, effective and robust than ever, Trend Micro reports.
A breach of patient data on a Web portal was discovered during a lengthy criminal investigation into a multi-million-dollar fraud scheme targeting Healthfirst, a New York-based managed care organization.
A new security alert from NCR Corp. warns that ATM skimming attacks in the U.S. are on an upswing. And as EMV migration efforts ramp up, experts say banks and credit unions can expect these attacks to continue to increase. But what can be done to mitigate the risk?
Visa's Eduardo Perez says one of the key merchant vulnerabilities his company is most concerned about is weak remote-access controls for point-of-sale systems and devices. He offers risk mitigation advice in this exclusive interview.
Government organizations are striving to become more efficient, effective and responsive to the clients and citizens that they serve. Because these services are funded through the tax collection process, the tax agency's challenge is to balance equitable service to citizens while increasing revenue by proactively...
A lawsuit filed against information services firm Experian alleges the company failed to detect that a customer of its data aggregator unit was a fraudster. Could stronger customer vetting have prevented misuse of information?
The FTC says LifeLock has violated a 2010 settlement by continuing to make deceptive claims about its identity theft protection services. After the FTC made the announcement on July 21, Lifelock's stock value plummeted.
An international police operation has resulted in charges being filed against dozens of suspected cybercriminals, as well as the shuttering of the infamous hacking forum Darkode. But will the operation take a serious bite out of cybercrime?
The Consumer Financial Protection Bureau's new recommendations, including security steps, for the development of faster payments are raising questions among security experts. One contends some of the guidelines could do more harm than good.
Malware kingpin Vladimir Tsastsin has pleaded guilty to charges relating to a $14 million click fraud scheme that the FBI dubbed Operation Ghost Click. The scheme, which also involved money laundering, affected 4 million victims in 100 countries.
PCI-DSS will remain a viable standard even after EMV, as well as encryption and tokenization, become more common, argues Jeremy King of the PCI Council. He acknowledges, however, that the standard will have to evolve in light of changes in the payment system.