Federal authorities say the successful prosecution of a member of an international cybercrime ring proves progress is being made in shuttering ATM cash-out schemes. But some experts say processors and prepaid cards will continue to be targeted by attackers.
If New York State is illustrative of a national trend, hacking poses a greater threat to businesses and other organizations than other types of data breaches.
Choice Escrow is seeking a bench review of a recent appellate court ruling, which favored its former bank in an ACH fraud dispute. The firm argues the court set a bad precedent for future disputes by limiting Uniform Commercial Code protections.
Solutionary is out with its quarterly threat intelligence report. Topping the list: the exploitability of the Heartbleed bug, and the current malware trends. Rob Kraus teases the report's highlights.
FFIEC guidance and case law are helping banks define what constitutes "reasonable security." In a panel discussion, three experts debate the long-term impact of two recent account takeover fraud cases.
Recent high-profile retail breaches could help increase interest in the adoption of mobile payments to lessen the likeliness of fraud at the point of sale, says Aite Group analyst Thad Peterson.
British police have worked with an international consortium of law enforcement agencies and information security firms to disrupt financial malware known as Shylock used to infect more than 60,000 PCs and steal millions of dollars.
One month after an international law enforcement effort targeted the Gameover Zeus banking Trojan, new versions of the malware are being distributed via spam campaigns.
For six months, cyber-attackers breached the credit card payment system at a Houston hotel. One security expert says it's too soon to tell if the incident is related to other recent retail breaches.
Microsoft absolves dynamic DNS provider No-IP of being complicit in a malware campaign that infected millions of PCs and apologies to the 1.8 million customers who experienced outages.
A Romanian has been sentenced to 45 months in prison for his role in a phishing scheme that netted thousands of credit and debit card numbers from U.S. financial institution customers.
Check fraud remains the No. 3 source of losses for financial institutions, Information Security Media Group's soon-to-be-released Faces of Fraud survey shows. But fraud expert Wesley Wilhelm says behavioral analytics can help mitigate the risks.
With the Senate Intelligence Committee overwhelmingly approving the Cybersecurity Information Security Management Act, common wisdom dictates the bill will head directly to the Senate floor. Not so fast.
Criminals have begun targeting ATMs in Western Europe using malware, as well as a new generation of stealthier skimmers designed to capture card data and PIN codes. But the stolen data is often used for fraud elsewhere, especially the U.S.
More than three years after he was indicted, an alleged hacker accused of breaking into point-of-sale systems at retailers throughout the nation has been arrested by the U.S. Secret Service.
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