Cybercriminals are perfecting the automated systems they use to verify stolen debit and credit card data by exploiting charitable websites. Learn why these sites are so-called soft targets for hackers.
Retailers cannot avoid innovation. Yet, cybercriminals thrive when retailers innovate. What, then, can retailers do to stop cybercriminals from breaching their defenses? Here are three key questions to answer.
While card issuers and payments acquirers are speeding up their EMV rollouts, Kate Larson of the Consumer Bankers Association says banks also should be implementing other technologies, including tokenization, in their efforts to fight fraud.
The stiff sentence of a cybercriminal for his role in an Internet-based scheme that trafficked in hacked payment card sends a strong message about the serious nature of ID theft. But experts say more tough sentences are needed to deter fraudsters.
While banking associations debate with merchant groups about cybersecurity responsibilities, SWACHA CEO Dennis Simmons says more attention must be paid to the role cardholders play in protecting their accounts.
Comptroller of the Currency Thomas Curry says "it's only fair" that merchants should be responsible for some of the expenses that result when their systems are breached. Now, security experts consider the implications of his comments.
MasterCard is testing a biometric wristband that authenticates a user's identity for payment card transactions by monitoring their heartbeat. Payment experts weigh in on whether the technology has the potential for widespread use in preventing card fraud.
Poor post-breach communication can cause as much damage to a company's reputation as the cyber-incident itself, says Al Pascual, a senior analyst at Javelin Strategy & Research, who will speak at ISMG's Fraud Summit Dallas.
The developers of the Backoff point-of-sale malware that's infected more than 1,000 U.S. businesses have continued to refine their attack code, including encrypting communications and making the malware tougher to spot or eradicate, researchers say.
The Dutch government this week upheld a 2012 U.S. extradition request for Vladimir Drinkman, who's accused of masterminding the "Shadowcrew" team that hacked Nasdaq, 7-Eleven and others, stealing 160 million cards and causing $300 million in damages.
A foreign currency flaw in Visa's EMV-based contactless payment card system in the U.K. could be abused to commit fraud using NFC-enabled Android devices, researchers say. But Visa discounts the possibility of real-world attacks succeeding.
The debate between leading retail and banking associations over accountability for card fraud has heated up in recent weeks. One retail group now says claims about merchant security and fraud liability have been misstated.
FBI and Department of Homeland Security agents have arrested two men on charges that they stole $5.8 million using reloadable debit cards, which they funded by tricking to threatening victims into adding funds to a money-sending service.