Neiman Marcus has asked a federal court to reconsider its decision to allow a consumer class-action suit to go to trial. If the retailer fails, legal experts say, it could mean a costly setback for breached entities.
News that charges were filed last week against two California residents for their alleged roles in the 2011 Michaels crafts stores breach, which involved terminal tampering, is a reminder of how much hackers have improved their techniques in just four years.
The 30-day Cybersecurity Sprint overseen by Federal CIO Tony Scott has crossed the finish line, but in reality, it looks more like a starting gate to a marathon to get the federal government to secure its battered IT.
Julie Conroy of the Aite Group analyzes why a new report shows most top-tier North American banking institutions expect to increase their spending on online and mobile fraud mitigation in the next two years.
The prices for stolen payment card data and other cybercrime products and services on Russian underground forums continue to fall. But the cybercrime ecosystem is more automated, effective and robust than ever, Trend Micro reports.
When Benjamin Wyrick of VASCO Data Security looks toward 2016, he sees financial institutions embracing new mobile banking apps that are at once convenient and secure. What are the keys to making his vision a reality?
Visa's Eduardo Perez says one of the key merchant vulnerabilities his company is most concerned about is weak remote-access controls for point-of-sale systems and devices. He offers risk mitigation advice in this exclusive interview.
After jumping by 33 percent in 2014, the number of Americans who consider themselves IT security professionals has remained flat for the first half of 2015, according to an examination of federal government employment data. That's bad news for employers seeking IT security pros to hire.
The Consumer Financial Protection Bureau's new recommendations, including security steps, for the development of faster payments are raising questions among security experts. One contends some of the guidelines could do more harm than good.
The newly revealed card breach at Denver-based managed service provider Service Systems Associates reinforces concerns noted this week by the FS-ISAC in an alert about the risks smaller merchants face when outsourcing payments services.
PCI-DSS will remain a viable standard even after EMV, as well as encryption and tokenization, become more common, argues Jeremy King of the PCI Council. He acknowledges, however, that the standard will have to evolve in light of changes in the payment system.
A new alert from the FS-ISAC warns merchants and banks that remote-access attacks against POS systems continue to rise and offers risk mitigation recommendations. The center's Charles Bretz provides an analysis.
MasterCard is testing a smartphone app that lets users approve online transactions using facial recognition, via the equivalent of taking a selfie. But could such technology be spoofed, and will it reduce card fraud?