Cosmetics supplies retailer Sally Beauty now says more than 25,000 records containing card data may have been illegally accessed and removed from its systems during a recent data breach.
A federal appellate court's ruling last week that reaffirmed the Federal Reserve's structure for debit interchange fees could lead some institutions to make bigger investments in fraud prevention.
Following the release of a new report that analyzed how Target Corp. possibly missed several opportunities to prevent a massive data breach last year, U.S. senators grilled the company's CFO about the company's actions.
A report prepared for a Senate committee provides an extensive analysis of how retailer Target Corp. possibly missed several opportunities to prevent the massive data breach that compromised the credit card details of millions of customers.
As the California Department of Motor Vehicles continues its investigation into a possible breach of its online payments processing system, financial services industry sources explain why a link to recent retailer breaches is unlikely.
An anti-American hacktivist group calling itself Anonymous Ukraine has posted more than 7 million credit card numbers online, but it appears unlikely most of them could be used for fraud, according to the cybersecurity firm Risk Based Security.
Security experts are sizing up the challenges that would be involved in implementing a federal government proposal to continuously monitor employees and contractors with security clearances in hopes of preventing leaks of sensitive information.
The California Department of Motor Vehicles is investigating a possible credit card breach after it was notified by law enforcement authorities of a "potential security issue within its credit card processing services."
In this week's industry news roundup, IBM introduces new anti-fraud software and services, while Trustwave acquires Cenzic, which offers application security testing technologies.
Two Ukrainians and an American have been indicted for their alleged involvement in an international cybercrime scheme that used stolen information from banks, businesses and government agencies in an attempt to steal at least $15 million.
Banking Trojans such as Zeus have gotten much tougher to detect because of new attack techniques, which means intrusions are going undiscovered for longer periods, says Trusteer researcher Etay Maor.
Now that Sally Beauty Holdings Inc. acknowledges that payment card data was exposed during a recent cyber-attack, experts debate whether the incident is linked to earlier retailer breaches.
Fraudsters continually find new ways to attack, but too many organizations rely on old, unsuccessful methods to detect and prevent fraud. This is the premise, says David Mattos, VP Sales, with Easy Solutions.
NoMoreRack.com says there's no evidence to suggest its payments system has been breached, in spite of reports alleging compromised cards have been traced back to some of its retail sales.
Commercial organizations are under increasing attack from financial crime. And as those carrying out traditional fraud are adopting new techniques, that until recently were the domain of sophisticated cyber espionage groups, commerce now has to manage a growing strategic risk to both their bottom-line and their brand...
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