A new point-of-sale malware strain known as Backoff has been linked to remote-access attacks, and small merchants are at greatest risk, according to an alert from federal authorities.
Five out of eight defendants have pleaded guilty to charges tied to a fraud scheme involving the theft of personal information from an AT&T call center for use in unauthorized wire transfers and to obtain payment cards.
An undisclosed number of Delaware restaurants may have been affected by a remote-access breach that compromised point-of-sale software, according to the Delaware Restaurant Association.
The FDIC this week removed its list of high-risk merchant categories from guidance related to third-party payment processors. Experts say pressure from merchants may have been the catalyst for the change.
Sources say a yet-to-be-confirmed breach of payment card data linked to transactions at Goodwill Industries could be linked to a point-of-sale vulnerability that may have affected other numerous merchants.
Point-of-sale retail breaches are the rage, but they are just one cyber-crime trend on the mind of RSA researcher Uri Fleyder. What are the malware and mobile threats that organizations should monitor?
New research shows consumers believe online purchases are more secure than those made at bricks-and-mortar retailers. Researcher Shirley Inscoe of Aite explains why misconceptions about card fraud should be worrisome to banks.
Treasury Secretary Jacob Lew this week took the precedent-setting step of publicly addressing the financial system's cybersecurity shortcomings. Learn why one expert says this could represent a policy shift for the Treasury Department.
Federal authorities say the successful prosecution of a member of an international cybercrime ring proves progress is being made in shuttering ATM cash-out schemes. But some experts say processors and prepaid cards will continue to be targeted by attackers.
Recent high-profile retail breaches could help increase interest in the adoption of mobile payments to lessen the likeliness of fraud at the point of sale, says Aite Group analyst Thad Peterson.
For six months, cyber-attackers breached the credit card payment system at a Houston hotel. One security expert says it's too soon to tell if the incident is related to other recent retail breaches.
With the Senate Intelligence Committee overwhelmingly approving the Cybersecurity Information Security Management Act, common wisdom dictates the bill will head directly to the Senate floor. Not so fast.
More than three years after he was indicted, an alleged hacker accused of breaking into point-of-sale systems at retailers throughout the nation has been arrested by the U.S. Secret Service.
Bob Russo, long-time general manager of the PCI Council, will retire at the end of the year. Stephen Orfei, his replacement, will take the helm in September. Security experts analyze the potential impact of the change.
A Tampa, Fla., woman has been sentenced to seven years in prison for her role in a fraud scheme that compromised 4,000 payment card numbers and led to an estimated loss of $650,000.
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