Financial losses tied to fraud against bank accounts increased about 12 percent from 2012 to 2014, but banks are not to blame. To the contrary, the ABA argues that banks are actually making significant strides in their fraud prevention efforts.
Congressman Will Hurd has a simple request for U.S. government agencies: Have you been using vulnerable Juniper Networks devices? But Congress needs to consider tougher questions about its culpability in this backdoor debacle.
Global restaurant chain Wendy's is investigating a suspected data breach following fraud patterns tied to credit and debit cards used at some of its locations. Two card issuers confirm that they've seen signs of related fraud in some U.S. regions.
Cybercriminals are in mourning after the shocking announcement from Oracle that it will deep-six its beloved Java Web browser plug-in technology, owing to browser makers failing to support "standards based" plug-ins.
New security technologies don't keep fraudsters from stealing money; they just cause them to shift to new methods, says Jodi Selby of Bankers Trust. In this video interview, she offers a case study on how to best respond to evolving fraud schemes.
Israel has reportedly foiled a "severe cyberattack" launched against the Israeli Electricity Authority. The malware attack doesn't appear to have resulted in any disruption to the country's power grid, but many government systems remain offline.
Sophisticated phishing campaigns, increasingly targeted because of social media, are fueling business email compromises - a growing wire fraud scheme that is attacking businesses worldwide, says Jim Hansen of PhishMe.
Security experts are warning that Chinese networking product manufacturer TP-Link has been shipping routers with a WiFi password that's based on their MAC address, thus making their passwords easy for would-be attackers to sniff.
The Ukrainian energy sector is being targeted by fresh phishing attacks, the country's computer emergency response team warns. But it's not clear who's behind those campaigns, or a recent malware infection at Kiev's main airport.
Because of the U.S. migration to EMV, 2016 is expected to be a watershed year for mobile payment adoption, says Randy Vanderhoof of the EMV Migration Forum. Now, he says, the industry should be more focused on new applications hitting the market than on the number of adopters.
It's time to start to think about the cybersecurity agenda for the 45th president of the United States, who takes office a year from this week. What's on your list of cybersecurity challenges the next president must tackle?
Extortion campaigns waged by cybercriminals are expected to become more damaging in 2016, putting additional pressure on CISOs to enhance protection of internal networks and educate employees about extortionists' techniques, says iSight Partner's John Miller.
Here's why the acquisition of rival threat-intelligence firm iSight Partners by breach investigation heavyweight FireEye makes sense, and why market watchers predict that other stand-alone intelligence firms will soon get snapped up.
A new report from security firm FireEye that says the mobile banking Trojan dubbed SlemBunk is rapidly becoming more sophisticated illustrates why mitigating mobile malware risks must be an urgent priority for banks this year.