Five out of eight defendants have pleaded guilty to charges tied to a fraud scheme involving the theft of personal information from an AT&T call center for use in unauthorized wire transfers and to obtain payment cards.
The FDIC this week removed its list of high-risk merchant categories from guidance related to third-party payment processors. Experts say pressure from merchants may have been the catalyst for the change.
Financial institutions feel the pain of recent retail breaches, and they seek new ways to secure payments and fight fraud. But how can security leaders influence changes within their own organizations?
A low-tech campaign combines phishing, small-footprint attack code and Android malware to topple banks' security defenses in Switzerland and three other nations. Will the campaign extend to U.S., U.K., and beyond?
In recent years, threat actors have become increasingly focused on targeting corporations to obtain sensitive information for financial profit or economic espionage. Regardless of the adversaries' motives, corporations understand the need to implement defensive measures to secure their infrastructure and sensitive...
The banking industry is watching closely as the New York State Department of Financial Services proposes a groundbreaking "BitLicense" regulatory framework for virtual currency businesses that's designed to help fight fraud.
A new impersonation scheme is taking aim at business executives to perpetuate ACH and wire fraud, says Bank of the West's David Pollino, who explains steps institutions should take now to protect their customers.
A Missouri-based escrow firm is considering taking its fraud case all the way to the Supreme Court now that an appellate court has denied a request to have its case involving a $440,000 account takeover loss reheard.
A former IRS employee was arrested and charged in an alleged ID theft scheme that involved stealing personal information about individuals, including IRS employees, to open credit card accounts for fraudulent use.
Sources say a yet-to-be-confirmed breach of payment card data linked to transactions at Goodwill Industries could be linked to a point-of-sale vulnerability that may have affected other numerous merchants.
Point-of-sale retail breaches are the rage, but they are just one cyber-crime trend on the mind of RSA researcher Uri Fleyder. What are the malware and mobile threats that organizations should monitor?
An online gang with ties to Romania and Russia has been bypassing two-factor, Android-based authentication systems - used by 34 different banks to authenticate customers - via the sophisticated Operation Emmental cybercrime campaign.
New research shows consumers believe online purchases are more secure than those made at bricks-and-mortar retailers. Researcher Shirley Inscoe of Aite explains why misconceptions about card fraud should be worrisome to banks.