TotalBank, a subsidiary of Banco Popular that has 21 locations in South Florida, is notifying 72,500 customers that their account information was potentially exposed after an unauthorized third party gained access to the bank's computer network.
Treasury Secretary Jacob Lew this week took the precedent-setting step of publicly addressing the financial system's cybersecurity shortcomings. Learn why one expert says this could represent a policy shift for the Treasury Department.
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.
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.
Enterprises should test the processes they establish to respond to advanced persistent threat attacks, just as they vet their business continuity plans, ISACA International President Robert Stroud says.
The National Institute of Standards and Technology should use the cryptographic community to help vet the advice it gets from the National Security Agency when creating cryptography guidance, a panel of prominent experts recommends.
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.
Three Chinese nationals seeking to make "big bucks" broke into the computers of Boeing and other military contractors, stealing secrets on transport aircraft, a U.S. criminal complaint says. Read how they allegedly did it.
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.