From the advent of the ATM to the introduction of EMV, banking institutions have seen a steady evolution of financial services - and fraud. Howard Trotman of BAE Systems Applied Intelligence discusses the fraud evolution.
Three U.S. senators are demanding answers from Experian after it suffered a breach that exposed personal information for 15 million T-Mobile subscribers. They also have called for national breach notification and data security regulations.
Less than a year after the United States Postal Service revealed that hackers breached agency computers, many employees continue to click on phishing messages that contain false links, according to an inspector general report.
One week after the EMV fraud liability shift took effect for U.S. merchants, experts say much more needs to be done to prepare merchants for chargebacks and new socially engineered scams aimed at exploiting consumers.
A cybercrime ring that employed the Angler Exploit Kit to earn an estimated $34 million per year - from ransomware infections alone - has been disrupted by security researchers at Cisco's Talos security intelligence and research group.
Security on the endpoint took a long time to move away from mere patching, hardening and anti-virus technologies. To fight advanced threats, experts say visibility on endpoints is being transformed by the advent of endpoint detection and response tools.
Prosecutors recommended that twin brothers Muneeb and Sohaib Akhter serve a six-year and a two-year sentence, respectively, after pleading guilty to hacking-related charges. But one of the men received a much lighter sentence.
The Court of Justice of the European Union has ruled that the EU-U.S. Safe Harbor data sharing agreement is invalid because the United States has failed to safeguard Europeans' privacy rights. Legal experts say the judgment is a direct response to Edward Snowden's revelations.
The DHS's inspector general is reopening an investigation into allegations that dozens of Secret Service agents improperly accessed Rep. Jason Chaffetz' unsuccessful application to be a Secret Service agent that he filed before he was elected to Congress. Chaffetz is running to be House speaker.
Discount brokerage firm Scottrade says hackers accessed its computer network and stole names and street addresses of millions of its clients. The firm says it learned of the intrusion from law enforcement officials.
Credit-rating provider Experian says a hack attack compromised a server storing sensitive personal information on millions of T-Mobile customers, including those requiring credit checks for service or device financing.
A Russian cybercriminal who used the Citadel banking Trojan to infect at least 7,000 PCs has received a 4.5 year jail sentence. Authorities tracked him in part thanks to his posts to a Citadel user group.
Reports that a Linux-based botnet has been lobbing 160 Gbps packet storms highlight how DDoS attacks remain alive and well. Experts also warn that DDoS attackers are mixing Windows and Linux malware and running extortion scams.
Even if China fails to live up to its promise to stop pilfering corporate trade secrets, as America's spy chief predicts, the U.S. could still benefit diplomatically from the two nations' cybersecurity agreement.