Federal authorities say the successful prosecution of a member of an international cybercrime ring proves progress is being made in shuttering ATM cash-out schemes. But some experts say processors and prepaid cards will continue to be targeted by attackers.
Recent high-profile retail breaches could help increase interest in the adoption of mobile payments to lessen the likeliness of fraud at the point of sale, says Aite Group analyst Thad Peterson.
For six months, cyber-attackers breached the credit card payment system at a Houston hotel. One security expert says it's too soon to tell if the incident is related to other recent retail breaches.
More than three years after he was indicted, an alleged hacker accused of breaking into point-of-sale systems at retailers throughout the nation has been arrested by the U.S. Secret Service.
Bob Russo, long-time general manager of the PCI Council, will retire at the end of the year. Stephen Orfei, his replacement, will take the helm in September. Security experts analyze the potential impact of the change.
A Tampa, Fla., woman has been sentenced to seven years in prison for her role in a fraud scheme that compromised 4,000 payment card numbers and led to an estimated loss of $650,000.
The "Bolware" malware gang has used Web injection and "man-in-the-browser" techniques to steal up to $3.75 billion. The attack campaign demonstrates how easily attackers anywhere in the world can commit browser-based fraud.
When the U.S. transitions to chip-secured payment cards, banking institutions will see a significant uptick in card-not-present fraud. What can they be doing now to prepare? Fiserv's Patrick Davie shares tips.
P.F. Chang's has issued an update to customers, saying its data breach was the work of a "highly sophisticated" gang, and that forensics experts continue to investigate the full extent of the breach.
IT and business executives are increasingly finding themselves caught in the crossroads of ensuring PCI DSS compliance and leveraging cloud services to transform transactional business.
Merchants that want to leverage the power of the cloud are stuck between a slow-moving standard and an inexperienced QSA to help...
A remote-access attack on a POS vendor may have resulted in the exposure of payment card transactions conducted at at restaurants throughout the northwestern U.S.
The rising intensity and sophisticated nature of cyber attacks has created a hostile and precarious environment for businesses charged with protecting their customers' personal data. In 2012, credit card and debit card fraud resulted in losses amounting to $11.27 billion. While it's not yet known how much higher the...
Digital fraud can cover both fraud carried out by customers as well as against them. Examples include credit card fraud that generates chargebacks, online bank attacks, attacks on point-of-sale (POS) systems, man-in-the-middle attacks on web and mobile payments, and complex frauds against e-commerce systems. ...
60% of organizations were exposed to actual or attempted fraud loss last year. As fraud and risk increases year over year, the amount of data being collected increases as well; looking into this data could provide a wealth of knowledge in supporting your payments risk management efforts.
Leveraging data from...
A class action suit against breached restaurant chain P.F. Chang's China Bistro is unlikely to succeed, some security experts say, because proving consumer losses linked to specific merchant data breaches is difficult.
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