"Banks can play offense, to use mobile in a justifiable way to engage customers into their security," says Jim Van Dyke of Javelin Strategy & Research. He outlines a strategy for using mobile devices to enhance fraud detection.
The Financial Stability Oversight Council says banking regulators need to ensure institutions are expanding their cyber-intelligence sharing and third-party oversight as attacks against the financial infrastructure mount.
There's good news on the Zeus Gameover Trojan and Cryptolocker ransomware campaigns: The number of new infections has become "very low," if not fallen to zero. But related attacks could quickly resurge. Learn the reasons why.
An ongoing APT campaign employs decoy documents to lure potential victims into installing malicious remote-control tools. Targets include at least one bank, the BBC and many U.S. and EU government agencies.
Security researchers say the international takedown of the Gameover Zeus botnet and servers for CryptoLocker ransomware will have a positive short-term impact, but they warn the threats could quickly re-emerge unless key steps are taken.
Law enforcement agencies worldwide took part in a coordinated operation to disrupt the Gameover Zeus botnet and seize computer servers crucial to the CryptoLocker ransomware. A Russian citizen has been indicted in connection with the crackdown.
Five individuals face charges following allegations that they purchased stolen credit card numbers from online carding forums and made fraudulent purchases totaling more than half a million dollars, prosecutors say.
A key challenge in mitigating cyber-risks is differentiating new malware threats from older ones. Experts offer insights on how to sort through the massive number of alerts issued by vendors to identify the real threats that require attention.
MasterCard is officially extending its zero-liability policy to U.S. consumers victimized by fraud perpetrated through PIN-based debit and ATM transactions. But some card issuers say this is merely formalizing protections they already offer.
Bulgarian and French law enforcement authorities made 11 arrests in an effort to take down a Bulgarian organized crime network suspected of conducting an electronic payment fraud and currency counterfeiting operation.
MasterCard is extending its zero-liability policy for U.S. consumers who are victims of fraud to include all PIN-based and ATM transactions. The company is also offering all cardholders in the U.S. identity theft resolution assistance.