The Dutch government this week upheld a 2012 U.S. extradition request for Vladimir Drinkman, who's accused of masterminding the "Shadowcrew" team that hacked Nasdaq, 7-Eleven and others, stealing 160 million cards and causing $300 million in damages.
Amy McHugh, a former FDIC IT examination analyst, says banking regulators will soon scrutinize C-level executives and boards of directors to gauge their cybersecurity awareness in the wake of the FFIEC's pilot cyber-risk assessment program.
Sen. Ron Johnson, R-Wis., the presumptive chairman of the Senate committee with government IT security oversight, hasn't immersed himself heavily in cybersecurity issues during his 4-year Senate tenure.
A foreign currency flaw in Visa's EMV-based contactless payment card system in the U.K. could be abused to commit fraud using NFC-enabled Android devices, researchers say. But Visa discounts the possibility of real-world attacks succeeding.
The debate between leading retail and banking associations over accountability for card fraud has heated up in recent weeks. One retail group now says claims about merchant security and fraud liability have been misstated.
FBI and Department of Homeland Security agents have arrested two men on charges that they stole $5.8 million using reloadable debit cards, which they funded by tricking to threatening victims into adding funds to a money-sending service.
As a result of the Home Depot breach, which compromised 56 million cards, credit unions have spent nearly $60 million dealing with card reissuance and fraud costs, according to the Credit Union National Association.
Hackers launched a successful phishing attack against Fidelity National Financial employees, then used the stolen information to attempt to reroute money transfers, the title insurance and mortgage services firm warns.
Automated attacks have potentially compromised the majority of websites that run the Drupal content management system, giving attackers platforms for launching malware, DDoS attacks and spam, according to the Drupal security team.
A new scheme recently identified by a credit union in the Northwest demonstrates that fraudsters are increasingly changing their tactics to exploit call centers. Learn about how this scheme worked and what can be done to thwart it.
The developer of CurrentC, a mobile wallet application, has confirmed a breach at its e-mail provider, which has resulted in the compromise of e-mail addresses for those participating in a pilot program or who requested information about it.
As part of their breach response strategies, organizations need to establish clear guidelines in advance so they know when it's appropriate to offer victims free credit monitoring or ID theft protection services.
Information security experts say espionage-focused attackers, apparently operating from Russia, have been using phishing e-mails and malware in multi-stage attacks designed to evade detection and steal political and military secrets.