Financial criminals breach hundreds of merchants each year, displaying a better understanding of how point-of-sale systems operate than even the technicians that maintain them. Security professionals must understand POS architecture, integrated payment processing and weaknesses in the technology, so they can better...
MasterCard is testing a biometric wristband that authenticates a user's identity for payment card transactions by monitoring their heartbeat. Payment experts weigh in on whether the technology has the potential for widespread use in preventing card fraud.
Poor post-breach communication can cause as much damage to a company's reputation as the cyber-incident itself, says Al Pascual, a senior analyst at Javelin Strategy & Research, who will speak at ISMG's Fraud Summit Dallas.
From Target to JPMorgan Chase, the past 12 months have seen one massive data breach after another, and for many organizations payments security remains a serious liability.
In this webinar, CEO Bob Carr at Heartland Payment Systems shares how Heartland was able to navigate through what was in 2009 the largest...
The developers of the Backoff point-of-sale malware that's infected more than 1,000 U.S. businesses have continued to refine their attack code, including encrypting communications and making the malware tougher to spot or eradicate, researchers say.
Retail breaches are endemic in the U.S. primarily due to the lack of effective, in-person payment card security. As the rest of the world has embraced EMV, perhaps there is an opportunity for the U.S. to leapfrog even that significant level of security with technologies such as tokenization (as employed in the...
The Dutch government this week upheld a 2012 U.S. extradition request for Vladimir Drinkman, who's accused of masterminding the "Shadowcrew" team that hacked Nasdaq, 7-Eleven and others, stealing 160 million cards and causing $300 million in damages.
A foreign currency flaw in Visa's EMV-based contactless payment card system in the U.K. could be abused to commit fraud using NFC-enabled Android devices, researchers say. But Visa discounts the possibility of real-world attacks succeeding.
The debate between leading retail and banking associations over accountability for card fraud has heated up in recent weeks. One retail group now says claims about merchant security and fraud liability have been misstated.
FBI and Department of Homeland Security agents have arrested two men on charges that they stole $5.8 million using reloadable debit cards, which they funded by tricking to threatening victims into adding funds to a money-sending service.
As a result of the Home Depot breach, which compromised 56 million cards, credit unions have spent nearly $60 million dealing with card reissuance and fraud costs, according to the Credit Union National Association.
The developer of CurrentC, a mobile wallet application, has confirmed a breach at its e-mail provider, which has resulted in the compromise of e-mail addresses for those participating in a pilot program or who requested information about it.
A Massachusetts man who pleaded guilty to hacking the computer networks of law enforcement agencies across the U.S., as well as obtaining stolen payment card data, now faces a prison term.
How will the introduction of Apple Pay affect the adoption of EMV? ACT Canada's Catherine Johnston and Randy Vanderhoof of the EMV Migration Forum size up the movement toward EMV and mobile payments.
A Bulgarian who participated in the Shadowcrew forum, a now-defunct online marketplace for hacking and identity theft, has been sentenced to 30 months in prison for his role in the operation.
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