Bank of the West's new approach to the insider threat is focused less on detection, more on preventing fraud in the first place. David Pollino tells why a "noisy" insider fraud program is more effective than covertly monitoring employee activity.
Reacting to strong complaints from retailers, three major card brands have finally taken steps toward reducing the amount of counterfeit fraud chargebacks to U.S. merchants, which began as a result of the EMV fraud liability shift last October. But was the action by the brands bold enough?
In what's being dubbed as the largest coordinated takedown to date, federal authorities have arrested 301 individuals for participating in Medicare and Medicaid fraud schemes involving $900 million in false billings.
A report that the Russian government hacked into Democratic National Committee systems has security experts warning that just because malware was found on a hacked network, that doesn't mean a specific individual, group or nation-state was involved.
The $1 million penalty that the SEC imposed on Morgan Stanley for its failure to prevent a former employee from compromising 730,000 client accounts is too low to send a strong message to financial services firms about the need for stronger cybersecurity and internal fraud controls, security experts say.
Ransomware, regulations, botnets, information sharing and policing strategies were just some of the topics that dominated the "International Conference on Big Data in Cyber Security" hosted by Edinburgh Napier University in Scotland.
Close on the heels of the QNB leak, the same attackers have published data that appears to be from UAE-based InvestBank. The dump appears to contain payment card data, as well as a large number of sensitive, internal files relating to the bank's employees and systems.
Have you tested things before they break? Could an email be a trap? In honor of Star Wars Day, we proudly present essential cybersecurity lessons as derived from - and delivered via - the wisdom and wit of the iconic space opera.
Despite continued efforts to shore up security to protect payment card data and other financial information, the U.S. financial services and retail sectors had more data breaches in 2015 than any other business sectors worldwide, according to Verizon's latest Data Breach Investigations report.
Security experts worldwide are sorting through the implications of the so-called "Panama Papers" leak, involving 11.5 million records. The documents highlight an elaborate web of offshore holdings that everyone from heads of state to celebrities and fraudsters have allegedly used to hide billions of dollars.
Tools and techniques need to be identified to aid law enforcement in gathering evidence from devices, such as smartphones, while safeguarding the security and privacy of individuals. Can stakeholders find that middle ground?
Advanced attacks are out, while persistent, relatively simple attacks are in. Despite all of the APT hype in recent years, cybercriminals, and especially nation-state attackers, prefer to keep things simple. Information security experts explain why.