Security experts warn of an increased risk that terrorists will disrupt the financial sector via cyber-attacks. In response, law enforcement authorities who monitor U.S. and U.K. financial markets plan to embed employees in each other's organizations.
While card issuers and payments acquirers are speeding up their EMV rollouts, Kate Larson of the Consumer Bankers Association says banks also should be implementing other technologies, including tokenization, in their efforts to fight fraud.
The stiff sentence of a cybercriminal for his role in an Internet-based scheme that trafficked in hacked payment card sends a strong message about the serious nature of ID theft. But experts say more tough sentences are needed to deter fraudsters.
While banking associations debate with merchant groups about cybersecurity responsibilities, SWACHA CEO Dennis Simmons says more attention must be paid to the role cardholders play in protecting their accounts.
Attackers are targeting online banking users' account information worldwide through sophisticated phishing attacks designed to deliver Microsoft Word documents containing malicious macro code known as Dridex.
Comptroller of the Currency Thomas Curry says "it's only fair" that merchants should be responsible for some of the expenses that result when their systems are breached. Now, security experts consider the implications of his comments.
Security researchers recently uncovered a new version of the Backoff POS malware, which offers several new features that make it tougher to eradicate. This infographic offers a roundup of a number of significant recent malware developments.
FireEye is warning Apple users about a flaw in which downloaded malicious apps can replace genuine iOS apps, an exploit the security firm is dubbing the "Masque Attack." Experts offer insights on mitigating the threat.
MasterCard is testing a biometric wristband that authenticates a user's identity for payment card transactions by monitoring their heartbeat. Payment experts weigh in on whether the technology has the potential for widespread use in preventing card fraud.
Poor post-breach communication can cause as much damage to a company's reputation as the cyber-incident itself, says Al Pascual, a senior analyst at Javelin Strategy & Research, who will speak at ISMG's Fraud Summit Dallas.
U.S. and European law enforcement officials have arrested 17 alleged vendors and operators of illegal "Darknet" online marketplaces, shuttered 410 websites - including Silk Road 2.0 - and seized narcotics and $1 million in bitcoins.
A hotel booking website hack - resulting in stolen payment cards - triggers a regulator's warning that businesses still need to pay close attention to eliminating SQL injection vulnerabilities from their websites and emphasizing secure coding.
In addition to 56 million payment cards being compromised in the Home Depot data breach, approximately 53 million e-mail addresses also were stolen, the retailer reported in an investigation update on Nov. 6.
The developers of the Backoff point-of-sale malware that's infected more than 1,000 U.S. businesses have continued to refine their attack code, including encrypting communications and making the malware tougher to spot or eradicate, researchers say.