In the aftermath of the settlement of banks' post-breach lawsuit against Target, one financial institution is now suing Wendy's seeking to recoup breach-related expenses for all affected card issuers. But are the suit's claims about the impact of a lack of EMV capabilities justified?
Vladimir Tsastin, an Estonian national, has been sentenced to serve more than seven years in prison and pay a $2.5 million fine after pleading guilty to running a $14 million click-fraud scheme with more than 4 million victims across 100 countries.
In an alert to banks, SWIFT warns that it's seen repeat attempts by hackers to subvert its messaging system, which banks around the world use to move money. It's released a "mandatory" software update to help customers identify signs of attack.
A report that the $81 million Bangladesh Bank heist was linked to customized malware has raised questions about the security of SWIFT transactions. But the more critical issue, fraud experts say, is the need for banks to have proper security controls in place to detect and prevent network intrusions.
A Georgia couple and a neighbor have pleaded guilty to a scheme involving illicitly obtaining taxpayer names and Social Security numbers to access the IRS' Get Transcript database, which helped them to file false tax returns to obtain refunds deposited to prepaid debit cards.
Prosecutors have expanded a complex case, involving an alleged pump-and-dump stock scheme, hacking into U.S. banks and operating an unlicensed bitcoin exchange, to include money-laundering charges related to processing bitcoin ransoms paid by ransomware victims.
Visa's new plan to help merchants speed checkout times for EMV chip payments sounds good, in theory. But in reality, it isn't likely to have much immediate impact on either speeding EMV adoption or enhancing the user experience.
A previously unknown cybercrime group has hacked into numerous organizations in the retail and hospitality sectors to steal an estimated 20 million payment cards, collectively worth an estimated $400 million via underground cybercrime forum sales, FireEye reports.
Two of the hacker masterminds behind the notorious SpyEye malware have each received lengthy prison sentences after pleading guilty to related charges in U.S. federal court. But alleged Zeus creator and accomplice Evginy Bogachev remains at large.
Does a federal appellate court's decision allowing a breach-related class-action lawsuit against restaurant chain P.F Chang's to move forward - and a similar, earlier decision in a case against Neiman Marcus - signal a change in tide for post-breach lawsuits? Legal experts offer widely varying opinions.
A former pharmaceutical company manager faces sentencing in July after pleading guilty to criminal HIPAA violations for his part in a complex fraud scheme involving drug maker Warner Chilcott. Why are criminal HIPAA cases so rare?
U.S. merchants of all sizes - not just smaller retailers - have seen significant increases in chargebacks in the wake of the Oct. 1, 2015, EMV fraud liability shift date, Liz Garner, vice president of the Merchant Advisory Group, contends in this in-depth interview.
A jury's decision to award $940 million in damages to electronic health records software vendor Epic Systems, which had sued India's Tata Consultancy Services alleging theft of trade secrets, serves up lessons about the importance of restricting access to all sensitive data, including intellectual property.