Police in Beaverton, Ore., have asked for the public's help to identify four suspects who were caught on camera using fake payment cards allegedly created from details skimmed by fraudsters at area Michaels stores.
Building on existing contactless NFC technology could bridge the gap between the mag-stripe and chip and PIN. And the Smart Card Alliance says merchants should begin investing in infrastructure upgrades now.
Security experts at this week's Gartner Security and Risk Management Summit agree: Security, not compliance, has to be the new focus. Cyberintrusions cannot be stopped, and the RSA breach should be a lesson to the industry.
In the wake of the recent debit card breaches in Ohio, impacted banks and credit unions have begun outreach to customers. Meanwhile, investigators still seek the source of the incident.
Four of the five people who entered guilty pleas in connection with an identity theft case at a Florida hospital and a physician's office have received prison sentences.
A breach of debit card accounts, which began in April, has so far affected nearly two dozen banks and credit unions in the Northeast Ohio area, including Keybank, Fifth Third and Century Federal Credit union.
Facebook's facial recognition feature clearly impacts the privacy profession and workplace by creating new challenges and raising significant concerns on the issue of trust.
Card-skimming trends continue to pose a threat to financial institutions and retail outlets, but there are steps organizations can take to fight back, says John Pearce, director of financial services for ADT Security Services.
Be vigilant about online security, DHS says, as part of its Stop, Think, Connect cybersecurity awareness campaign. Users' money and identity are at risk without proper safeguards.
Greg Rattray, VP of Security at BITS, says we can't necessarily stop the spread of dangerous malware like Zeus, but banking institutions can do a better job of mitigating the risk and damage that follow such an attack.
"Simple passwords alone do not provide sufficient commercially reasonable security," says Jim Payne of fraud victim Choice Escrow. "Where is the principle of doing what is right and just?"
Six months after Michigan-based Experi-Metal Inc. sued Comerica Bank after a breach that resulted in $1.9 million in ACH and wire fraud, a U.S. District Court has favored the commercial customer.
No one is really sure when the FFIEC's new authentication guidance will be issued, but we do know banking institutions can't afford to wait. Hence, our new FFIEC Authentication Guidance Resource Center.
Information Security Media Group announces the launch of FFIEC Authentication Guidance, a resource center dedicated to providing in-depth news and views on the pending online authentication guidance.
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