Know what scares security expert John Pescatore the most? The image of a remote employee sitting a home office or public setting, plugging into an unsecured network, accessing critical data via a personal laptop or PDA.
Organizations have never had so many security risks in so many remote locations, says Pescatore,...
A Connecticut man pleaded guilty on Nov. 2 in Connecticut's U.S. District Court to four counts of bank fraud and one count of conspiracy to commit bank fraud.
Heartland Payment Systems wrote off $35.6 million, or 59 cents a share, in the third quarter for various costs related to what is believed to be the largest credit and debit card breach ever...
Steven Elefant Discusses the Breach, End-to-End Encryption
Steven Elefant joined Heartland Payment Systems as a consultant in November 2008. Two months later, the company announced it had been the victim of the biggest reported data hack in history.
Now CIO of Heartland, Elefant appeared at the BAI Retail...
Banking customers in two additional states have been hit by the telephone-based fraud scheme that already has struck institutions in several other states.
From ACH to ATM, payments to phishing, fraud schemes abound. And bank customers and businesses are the targets.
So what can banking institutions do to fight back?
Bob Neitz is the senior vice president in charge of the Fraud Corporate Risk Management Program at Wells Fargo. In an exclusive interview, Neitz...
For the second time in less than a month, New Jersey-based payroll processor PayChoice has alerted customers to a network breach.
PayChoice, based in Moorestown, NJ, had to take its Online Employer site offline last Thursday for a short time after the latest security breach was discovered. While the exact cause of...
Prior to the Heartland Payment Systems (HPY) data breach, company executives misrepresented their "state of the art" security measures, says a new document filed in the class action suit against the payments processor.
This document lays out for the first time a sequence of events and statements made by Heartland...
Months before announcing the Heartland Payment Systems (HPY) data breach, company CEO Robert Carr told industry analysts that the Payment Card Industry Data Security Standard (PCI DSS) was an insufficient protective measure.
This is the contention of a new master complaint filed in the class action suit against...
Check fraud, a decades-old problem, continues to grow despite a decrease in the number of checks written and paid each year. Current defenses have major shortcomings that allow check fraud to flourish and losses to mount as high false positive rates plague even the best efforts of fraud analysts and investigators....
Since the announcement of the Heartland data breach in January, the merits of the Payment Card Industry Data Security Standard (PCI DSS) have been questioned, and Bob Russo has led the defense.
In an exclusive interview, Russo, general manager of the PCI Security Standards Council, discusses:
Why end-to-end...
It's been an interesting year for the Payment Card Industry Data Security Standard.
In the middle of it all is a debate among payment card companies, banking institutions, merchants, industry groups and even congressional leaders, questioning the merit of the standard and all hinting at the same open question: What...
Trojans. Harvesters. Mules. They're the backbone of the underground fraud economy, which is "vibrant" and worth billions, according to one international researcher.
And don't be swayed into a false sense of security by the recent indictment of Albert Gonzalez, who is charged with masterminding the Heartland Payment...
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