A closely held type of point-of-sale malware, DMSniff, is spreading further while another, GlitchPOS, has also emerged. Despite a surfeit of stolen payment card details on the black market, efforts to steal more continue, highlighting the continuing challenges around card security.
Facebook is edging closer to launching its own cryptocurrency, with a rollout expected this year, The New York Times reports. But some critics argue that the project seems more like a trendy and unnecessary redressing of a PayPal-like system with a blockchain.
The notorious carder site Joker's Stash is featuring a fresh batch of Pakistani banks' payment card data with an estimated street value of $3.5 million. Nearly all of the 70,000 bank cards are advertised as being from Meezan Bank, the country's largest Islamic bank, Group-IB reports.
A famed British computer security researcher has lost several key motions in a federal hacking case that stems from his alleged contribution to two types of banking malware. The rulings could complicate the challenges for the defense team of Marcus Hutchins, who remains in the U.S.
This Valentine's Day, authorities are once again warning individuals to watch out for anyone perpetrating romance scams. The FTC says Americans lost $143 million to romance scams in 2017, while in the U.K., Action Fraud says reported romance scam losses in 2018 topped $64 million.
A convergence of events in December in Japan led to an unprecedented spike in card-not-present fraud. New statistics from a dark web monitoring firm explain how a promotion by PayPay, a third-party payments service, slid sideways.
As more hospitals seek new methods for collecting payments from patients, they face the challenge of securing those transactions, says Dan Berger of AxiaMed, who describes HIPAA and PCI compliance issues in an interview at the HIMSS19 conference.
What if organizations' information security practices have gotten so good that they're finally repelling cybercriminals and nation-state attackers alike? Unfortunately, the five biggest corporate breaches of the past five years - including Yahoo, Marriott and Equifax - suggest otherwise.
A U.K. bank says no customers lost money after cyberattackers attempted account takeovers by rerouting one-time passcodes, Motherboard reports. Such attacks involve unauthorized tampering with Signaling System #7, the protocol used to route mobile phone calls worldwide.
In 2018, the Identity Theft Resource Center counted 1,244 U.S. data breaches - involving the likes of Facebook, Marriott and Exactis - that exposed 447 million sensitive records, such as Social Security numbers, medical diagnoses and payment card data.
Bangladesh Bank, supported by the New York Fed, has filed a lawsuit in U.S. federal court to try to recover $81 million stolen via one of the biggest online bank heists in history. But the Philippine bank the lawsuit targets has dismissed the case as a "political stunt" designed to shift blame.
Digital transformation (DX) continues to drive growth across financial services firms, creating new opportunities to increase revenue and foster innovation. Cloud - whether public, private or a hybrid approach - is foundational to achieving DX objectives, as is secure, resilient and scalable network connectivity....
As part of its ongoing push toward cashless payments, India is taking steps to ramp up the use of contactless payments, which are already becoming more common in Japan, South Korea, Australia, the U.K. and the U.S. What can be done to balance security vs. convenience?