The FBI estimates fraud losses linked to so-called business email compromise scams worldwide have exceeded $1.2 billion in less than a year. But some financial fraud experts say the losses from this largely overlooked threat could be even higher.
Extortionists and "free agent" rogue insiders have emerged as the top two most malicious cybercrime threats to banking institutions, says Gartner's Avivah Litan. How should institutions bolster their defenses?
The Internal Revenue Service says cyber thieves may have accessed as many as 334,000 taxpayer accounts in a breach of its Get Transcript system, far more than the 114,000 accounts it originally estimated in May.
Security is a busy sector: Symantec jettisoned Veritas, Zscaler became a "unicorn" after its most recent funding round, and we have other M&A news from Cisco, Fidelity National Information Services and Proofpoint.
The 30-day Cybersecurity Sprint overseen by Federal CIO Tony Scott has crossed the finish line, but in reality, it looks more like a starting gate to a marathon to get the federal government to secure its battered IT.
Visa's Eduardo Perez says one of the key merchant vulnerabilities his company is most concerned about is weak remote-access controls for point-of-sale systems and devices. He offers risk mitigation advice in this exclusive interview.
With so much stolen PII available to fraudsters, it's time for banks and others to move to more sophisticated forms of authentication of customers' identities. Knowledge-based authentication is no longer reliable.
At a hearing on the role the Interior Department played in a recent breach at the Office of Personnel Management, the Interior deputy inspector general painted a picture of how a hacker might have breached the agency's computer system.
Although they apparently weren't caused by cyber-attacks, the impacts of computer failures at the New York Stock Exchange, United Airlines and the Wall Street Journal have much in common with the aftermath of breaches.
MasterCard is testing a smartphone app that lets users approve online transactions using facial recognition, via the equivalent of taking a selfie. But could such technology be spoofed, and will it reduce card fraud?
President Obama proposes spending more money on cybersecurity, replacing government agencies' antiquated, unsecured systems. But what really needs to be done to thwart breaches, like the hack attack against the Office of Personnel Management?