Gartner analyst Avivah Litan questions whether the security vulnerabilities that led to a breach that exposed 1.5 million cards may be linked to long-standing security issues at Global Payments.
Most bankers doubt that big technology investments will reduce fraud, according to the 2012 Faces of Fraud survey. Why don't they believe technology is the answer?
What might the Global Payments breach investigation entail? Dave Ostertag of Verizon's Investigative Response unit describes a forensics investigation - how long it can take and what it might reveal.
One problem tracking IT security employment is the dearth of information. Even the most trustworthy organization in collecting employment data, the Bureau of Labor Statistics, furnishes infosec data it cautions aren't reliable.
With a court decision handed down in Texas, a lingering lawsuit against Heartland Payment Systems and two acquiring banks, KeyBank and Heartland Bank, appears to finally have been put to rest.
"What happens in Vegas got 19 people busted," says Robert Siciliano, a McAfee consultant and ID theft expert, on the latest busts. "The fight against card fraud is beginning to look like the war on drugs."
How might the Global Payments breach saga unfold? A look back on the Heartland Payments System incident and investigation offers clues to what could be a rocky road ahead.
Has there been an undisclosed data breach? In the wake of the latest revelations by Global Payments Inc., some fraud analysts wonder whether they might be seeing signs of a separate breach.
Gartner Analyst Avivah Litan, one of the first fraud experts to report the Global Payments Inc. data breach, says the latest revelations raise more questions than answers about the incident's impact.
As news of the Global Payments Inc. data breach spread, impacted organizations, including the major payment card brands, released statements about the incident. Following are the latest news releases.
In its second formal statement about its data breach, payments processor Global Payments Inc. says this incident is confined to North America and involves fewer than 1.5 million payment cards.
"We are making significant progress in defining and rectifying the event," says Paul R. Garcia, CEO of Global Payments Inc., discussing the breach he says may have exposed 1.5 million payment cards.
In the wake of the Global Payments Inc. card breach, ID theft expert Neal O'Farrell says banks and credit unions must be proactive with outreach to customers. What should institutions' messages include?
"If they can do it against RSA, that makes most of the other companies vulnerable," says Army Gen. Keith Alexander, the military's Cyber Command commander and National Security Agency director.
Payments processing firm Global Payments Inc. has confirmed its role in a data breach that could prove to be the largest such incident since the Heartland Payment Systems breach.
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