Upticks in fraud perpetrated through mobile banking and mobile payments are a growing concern for regulators, says David Lott of the Federal Reserve Bank of Atlanta, who explains ongoing security initiatives.
While the Indian finance ministry has announced incentives for banks to curb cash transactions and encourage the use of payment cards, security experts caution CISOs about authentication and fraud risk.
Psychologically speaking, nothing beats the power of a well-timed deadline. And love it or hate it, Google's 90-day "Project Zero" deadline for fixing flaws - before they get publicly disclosed - has rewritten bug-patching rules.
A former systems administrator at a Romanian financial services institution has been extradited to the U.S. and charged with orchestrating an international hacking scheme that included attacks on medical offices, retailers and security firms.
Community banking institutions are at great risk of cyber-attack because they often don't think they're targeted, says Scott McGillivray of Pacific Continental Bank, who describes how to convey this risk to senior management.
U.S. prosecutors are asking a judge to rescind his decision to provide a free defense for a Russian citizen who faces 40 charges relating to the alleged theft and sale of at least 2 million credit card numbers.
Target Corp.'s pending settlement of a consumer class action lawsuit is more about public relations than compensating victims, some observers say. But will it have an impact on a pending suit filed by banks?
As data breaches continue to multiply, employers must not overlook how intrusions could lead to the theft of employees' identities, paving the way for fraud, says ID theft expert Johnny May. He will keynote the March 24 Fraud Summit Atlanta.
A federal banking regulatory agency has issued a warning about a new phishing campaign that aims to con consumers into disclosing personal and financial details by feigning to be a request from the regulator.
When Todd Davis helped found LifeLock in 2005, ID fraud was a niche consumer issue. Today it's a major enterprise risk. What are today's top fraud threats, and where are some of the surprising security gaps?
More hackers are holding data for ransom, demanding everything from bitcoins to the shutdown of nuclear reactors, under the threat of leaking sensitive information. But it's not clear how many such attacks generate revenue for attackers.
A proposed national data breach notification bill to usurp 47 state statutes could make it easier for businesses to notify consumers of a breach. But is that worth weakening PII protections some states offer? Massachusetts plans to do battle.
Ransomware attacks are getting more agile, varied and widespread, and are increasingly taking aim at businesses of all sizes in all sectors, rather than consumers. That's why employee education is so critical.