Financial institutions are starting to report fraud tied to the massive Home Depot payment card data breach. One card issuer calls the fraud ramp up "much greater than what we saw from Target, Michaels and Neiman Marcus."
The Consumer Financial Protection Bureau, responding to government auditors, is formalizing a privacy plan that addresses how the federal agency will assess and manage privacy risks and monitor and audit privacy controls, Director Richard Cordray says.
Fraudsters continue to make inroads against financial institutions based in the United Kingdom - and beyond - because banks aren't working together to share information about the attacks they see, according to presenters at the London Fraud Summit.
Although malware attacks against POS terminals at retailers have been in the spotlight, banks and credit unions need to be aware of the emerging threat of malware targeting ATMs, say Trustwave's Matthew Jakubowski and Graham Mott of the U.K.'s ATM network.
A researcher says he tricked the Touch ID biometric fingerprint scanner built into the new iPhone 6, using a fake fingerprint created with glue. But it remains to be seen how well would-be fraudsters could employ this technique.
It is no secret that the move to cloud infrastructure offers organizations many compelling business benefits, including cost savings and on-demand scalability. Yet, in their rush to reap those benefits, business leaders often fail to grasp new realities.