In this edition of the ISMG Security Report, you'll hear reports on the U.S. government nabbing healthcare fraudsters; federal agencies at risk of exposing highly sensitive data; and the hacking of brokerage accounts.
Reacting to strong complaints from retailers, three major card brands have finally taken steps toward reducing the amount of counterfeit fraud chargebacks to U.S. merchants, which began as result of the EMV fraud liability shift last October. But was the action by the brands bold enough?
A Senate bill proposes removing Social Security numbers of U.S. veterans from all Department of Veterans Affairs' information systems within the next five years to help reduce identity theft and fraud. How difficult would it be to make the change?
The U.S. Securities and Exchange Commission has obtained an emergency court order to freeze the assets of U.K. citizen Idris Dayo Mustapha, who it accuses of hacking into individuals' brokerage accounts to engineer and profit from stock price fluctuations.
In what's being dubbed as the largest coordinated takedown to date, federal authorities have arrested 301 individuals for participating in Medicare and Medicaid fraud schemes involving $900 million in false billings.
Following the SWIFT-focused hack attacks, a U.S. government watchdog agency is auditing the Federal Reserve's effectiveness when it comes to ensuring that U.S. banks have robust information security and data breach prevention programs in place.
In this edition of the ISMG Security Report, you'll hear our editors explore how hackers use Java script for ransomware, the latest digital currency security issue and privacy threats posed by virtual reality.
As the PCI Security Standards Council celebrates its 10th anniversary, Troy Leach, the council's chief technology offer, offers his assessment of how its Payment Card Industry Data Security Standard could evolve in the next 10 years.
The FBI is warning U.S. businesses to beware of business email compromise scams focused not just on creating fraudulent wire transfers, but also stealing personally identifiable information. Experts, however, are criticizing the FBI's alert as being too little, too late.
In an interview, Doug Johnson of the American Bankers Association explains why the ABA rejects the Retail Industry Leaders Association's contention that a legislative proposal to hold retailers to the same cybersecurity standards as banks is unfair.
Russia's arrest of 50 suspected hackers earlier this month seems to have spooked the developers of the Angler exploit kit, an attack tool responsible for spreading ransomware and malware. But is Angler gone for good, or simply retrenching?
As we prepare to mark the tenth anniversary of the PCI Security Standards Council, it's time to assess the impact PCI-DSS has had on payments security and consider whether it will remain a viable standard 10 years from now. A series of upcoming reports will address these topics.
The $1 million penalty that the SEC imposed on Morgan Stanley for its failure to prevent a former employee from compromising 730,000 client accounts is too low to send a strong message to financial services firms about the need for stronger cybersecurity and internal fraud controls, security experts say.
The Retail Industry Leaders Association is battling against passage of a national data security and breach notification bill known as the Data Security Act of 2015, arguing it would unreasonably require retailers to meet some of the same security standards as banks, says Austen Jensen, a RILA vice president.
Yet another organization has acknowledged it opted to pay cyberattackers after its systems were infected with ransomware, the file-encrypting malware that has become one of the most dreaded menaces across the internet.