In what is being called "the largest coordinated international law enforcement action in history directed at carding crimes," 24 suspects have been arrested in a fraud scheme likely involving more than 400,000 accounts.
The FTC claims hackers targeted the Wyndham hotel chain's network and exported debit and credit data to a domain in Russia. What do the breaches mean for card issuers, and what action should they take?
Owners of critical infrastructure might be shamed into providing the necessary security to safeguard their information assets. That's one takeaway of a compromise Senate bill proposed by Democrat Sheldon Whitehouse and Republican Jon Kyl.
Banks and credit unions are investing in enhanced fraud detection, but are they spending money on the right things? The new Faces of Fraud survey report shows too many are still confused by updated FFIEC demands.
"This is about preparing the battlefield for another type of covert action," a former high-ranking U.S. intelligence official says. "Cyber collection against the Iranian program is way further down the road than this."
LinkedIn's failure to comply with long standing industry standard encryption protocols jeopardized its users' PII, and diminished the value of the services, the class action federal lawsuit filed in northern California says.