A malware attack that exploited a point-of-sale vulnerability of a select group of Kentucky and Southern Indiana retailers has now been linked to attacks against Schnuck Markets Inc. and four other merchants.
Gartner analyst Avivah Litan says fraudsters are using DDoS attacks as a distraction for a new, extremely effective account takeover scheme. How should institutions respond to this emerging threat?
Account takeover techniques are getting more sophisticated; new "account checkers" are helping hackers automate their processes. The trend is just one more reason why we need advanced forms of authentication.
White House Cybersecurity Coordinator Michael Daniel sees significant savings in continuous diagnostics because the automated approach to identifying systems vulnerabilities could replace costly checklist compliance reporting.
Banking institutions have done a poor job of educating consumers about payments fraud prevention, says Aite analyst Shirley Inscoe. "Banks need to figure out how to communicate with consumers in a way consumers understand."
How relevant is customer education? Readers weigh in with thoughtful responses to two recent guest blogs that tackle the question from two perspectives: the education proponent and the critic.
Version 3.0 of the PCI Data Security Standard is coming, and draft guidelines reflect the impact of recent retail breaches. PCI GM Bob Russo explains big changes to ensuring payment card security.
Breaches are expensive, embarrassing and entice additional scrutiny from regulators and consumers alike. By taking eight key steps, you can protect private information and lessen the impact of breaches when they occur.
A U.S. district court shot down the Fed's plan for a 1-cent per-transaction incentive for investments in debit fraud prevention. How might that ruling impact U.S. efforts to improve payment card security?
A fourth defendant has pleaded guilty to charges linked to one of the largest credit-card fraud cases in U.S. history. The case offers important fraud-prevention lessons for banks, one expert says.
Because mobile payments are so new, banking institutions worldwide are still trying to understand which threats to address first, says payments fraud expert Neira Jones.
Educating customers about financial fraud and scams is not a nice-to-have; it's a necessity. If your customers won't protect themselves, then no campaign your organization puts forward will succeed, says BankWest's Patti Broer.
The malware attack that infiltrated Harbor Freight Tools' network could prove to be one of the biggest retail breaches this year, experts now say. Learn why card fraud linked to the attack is expected to grow.
Here's an argument for why recent indictments linked to what's been called the largest-ever card fraud scam won't deter fraud - and why improved security is a better deterrent.
Kim Peretti, the ex-prosecutor who helped nab Heartland hacker Albert Gonzalez, says recent indictments offer insights into the actors behind global fraud schemes that affected 160 million cardholders.
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