The U.S. Securities and Exchange Commission has charged seven individuals and two organizations with being part of an international scheme that hacked the SEC's EDGAR document system, stole nonpublic corporate information and used it to illegally earn $4.1 million via insider trading.
A Juniper Research analysis of why card-not-present fraud will continue to grow leads this week's edition of the ISMG Security Report. Also featured: Updates on a Neiman Marcus breach lawsuit settlement and a German hacking incident.
Forty-three states have reached a settlement with Neiman Marcus over its 2013 data breach, one of several breaches from that period blamed on in-memory malware. The retailer will pay $1.5 million and must use encryption and tokenization to protect card data.
We no longer live in a Web only world. Consumers are increasingly interacting across multiple touchpoints, particularly digital channels. Today, over half of all transactions originate from a mobile device or app, and as a result, fraud in the mobile channel has increased over 600 percent in three years. With so many...
The notorious hacker gang The Dark Overlord continues its blackmail efforts, turning its hand to 9/11 conspiracy theories to try to sell stolen insurance documents. The group's latest media blitz attempts to pressure victims that it has so far failed to extort.
Fraud detection requires an omnichannel approach to behavioral analysis that involves monitoring users' access to networks via the web, mobile, a call center or other channels, says Shai Cohen, a vice president at RSA.
Aite Group's Shirley Inscoe predicts that more banks will implement robotic process automation in 2019 to make fraud investigations more efficient. She explains how the technology can help.
The U.S. Department of Justice says eight individuals have been indicted - and three of them arrested abroad - as part of a multiyear FBI investigation into gangs that allegedly perpetrated digital advertising fraud via the Methbot and 3ve schemes.
Identity fraud cost the United States $16.8 billion in 2017. For Financial Services, the issue is acute. Thanks to a recent spate of data breaches, SSNs and other traditional identifiers are no longer fit for purpose. But without identity verification, new customers can't be onboarded.
Increasingly strict KYC and...
Cybercrime gangs continue to update or issue fresh versions of malware to mine for cryptocurrency, deliver crypto-locking ransomware, steal passwords and facilitate online bank account heists, according to new research reports.
Cybercriminals target certain individuals as a means of infiltrating systems. Ryan Witt of Proofpoint discusses how to identify and protect those most likely to be targets.
The financial services industry is in the midst of sweeping change. Earlier this year, we saw one of the latest shifts with the introduction of the European Union's revised Payment Services Directive (PSD2). PSD2's Strong Customer Authentication (SCA) section requires two factors for authentication.
Financial...
Voting in the United States carries a huge privacy cost: states give away or sell voters' personal information to anyone who wants it. In this era of content micro-targeting, rampant misinformation and identity theft schemes, this trade in voters' personal data is both dangerous and irresponsible.
InfoWars' website was briefly affected by the Magecart payment card skimming malware, a finding that triggered a fiery response from the far right commentary site. But InfoWars is just one in a long line of victims of the malware.
Digital commerce is now the business of big data science. To combat cyber threats like the exposure of Personally Identifiable Information (PII), solutions need to keep pace with fraudsters through prevention and quick response when attacks happen.
The application of artificial intelligence and machine learning...
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