Federal authorities have indicted five Russians and Ukrainians linked to Heartland hacker Albert Gonzalez for the roles they allegedly played in a credit and debit card fraud scheme that compromised more than 160 million cards.
There is no stopping the mobile-banking momentum as banks continue to improve their mobile-app offerings, enticing customers and lowering operational costs in the process. Reports estimate that by 2017 there will be over 1 billion mobile-banking customers, peaking the interest of financial institutions and...
Harbor Freight Tools, a 400-store retail chain, is reporting a cyber-attack against its payment processing system. The breach is the latest involving compromised merchant processing systems that one security analyst says proves payments systems are "fundamentally insecure."
What are the emerging security vulnerabilities for mobile devices? Anti-phishing expert Dave Jevans provides insights based on new mobile threat research.
Organizations increasingly engage with customers via social media, but managers often fail to incorporate or enforce key policies. Attorney David Adler offers tips to improve social media management.
Phishing attacks aimed at banking employees are up 44 percent this year. But institutions are not getting better at thwarting the attacks. What's wrong with their approach, and how can they fix it?
Three new bank fraud schemes investigated by federal authorities showcase just how prevalent insider fraud actually is - and why banking institutions have such a difficult time thwarting it.
Former federal banking examiner Amy McHugh says detailed risk assessments have to be a priority. And recent legal decisions and settlements in disputes involving corporate account takeover prove why.
When it comes to fighting fraud, technology can only go so far, says Nancy Guglielmo of BITS. So, how can banking institutions truly correct the user behavior that enables many fraud schemes?
As social media use grows, so do the risks of organizations getting caught up in costly legal disputes over ownership and assets. Alan Brill of Kroll advises on how to mitigate such risks.
Frustration over the growing number of retail breaches is heating up. See what our readers had to say after the malware attack that hit MAPCO Express, and why they believe PCI compliance isn't enough to ensure security.
Preliminary results of the 2013 Faces of Fraud Survey show institutions are still suffering big financial losses linked to ACH and wire fraud. Why are they still getting hit, in spite of investments to detect and prevent account takeover?
It's been two years since the FFIEC issued updated guidance for online-banking transactions. But how effective have banks' conformance strategies actually been at curbing fraud? Experts weigh in.
Phishing schemes, particularly those aimed at the mobile channel, are growing. Daniel Cohen of RSA explains why we're no closer to solving the phishing problem.
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