Drawn by the potential for low risk and high reward, criminals worldwide are increasingly pursuing online crime instead of conventional forms of property crime, such as burglary and robbery, warns cybersecurity expert Alan Woodward.
FBI Special Agent Charles Gunther says collaboration with FinCEN, international law enforcement and U.S. banks has helped the FBI recover millions of funds stolen from customers via emerging wire fraud schemes.
The U.S. payments infrastructure will come up far short of completing the rollout of EMV technology by the Oct. 1 fraud liability shift date. Experts say high costs, a perceived lack of consumer demand and doubts about EMV's ability to significantly reduce card fraud are to blame.
If the Chinese government hacked the U.S. Office of Personnel Management for espionage purposes, then the U.S. government's $133 million contract to provide ID theft monitoring services is a waste of money. Instead, the agency could have used the funds to safeguard its systems against future attacks.
Security experts trace many of the world's cybercrime attacks to Russia. But Russian authorities never extradite suspects, and they allow hackers to operate with impunity - if they play by some ground rules.
A password-cracking group claims that, because of coding errors made by Ashley Madison's developers, it has been able to recover 11.2 million users' plaintext passwords. The group believes that up to 15 million of the dating site's passwords can be easily cracked.
The urgency of shifting to EMV to reduce card fraud is one of many hot topics on the agenda at Information Security Media Group's Fraud Summit San Francisco, to be held Sept. 15. Keynoter Eduardo Perez of Visa will kick things off with an in-depth analysis of the migration to EMV.
Yet another health insurer - Excellus BlueCross BlueShield - has belatedly discovered that its systems were hacked. The breach potentially exposed information on 10.5 million individuals, was discovered in August, but appears to have begun in 2013.
Bad news about APT: Attacks are bigger, faster and aimed at a wider variety of targets. How must organizations win board support to improve their defenses? Lockheed Martin's Justin Lachesky shares insight.
As criminals get more savvy about circumventing financial institutions' fraud prevention controls, fraud-fighting collaboration among institutions and law enforcement officials is becoming more important, says Clyde Langley, a former FBI agent who'll be a presenter at ISMG's Sept. 15 Fraud Summit San Francisco.
It's "cyber party" time, as self-described "eccentric millionaire" - and onetime anti-virus company founder - John McAfee announces that he's entering the 2016 U.S. presidential race with a newly created party that will focus on security and privacy.