The use of synthetic identities is a rising concern for organizations, and financial institutions are often the ones taking the hit for the fraud, says Claudel Chery of the U.S. Postal Inspection Service.
A ransomware campaign has targeted millions of bank clients in the U.K., and experts warn of a worldwide surge in attacks. They say banking institutions have to be diligent about informing customers of the risk.
Jeh Johnson has cleared a major hurdle to becoming the next Homeland Security secretary and a chief advocate for the administration's cybersecurity policies. But it's unclear when the full Senate will vote on his nomination.
Federal investigators announced five more arrests this week in connection with a $45 million ATM cash-out and prepaid card fraud scheme. Learn why experts expect these types of crimes to become even more common.
FS-ISAC has issued a white paper with tips on streamlining third-party software risk assessments. One member of a new working group explains why the adoption of standard security controls is so critical.
Attorneys discuss the significance of the 10-year prison sentence for hacker Jeremy Hammond, who pleaded guilty in connection with a 2011 breach of Stratfor, a global intelligence firm that provides services to the U.S. government.
Google has agreed to a $17 million settlement with 37 states and the District of Columbia over its unauthorized placement of cookies on computers using Apple Safari Web browsers, which the states claim was a privacy violation.
Financial institutions and businesses in other sectors must continually collect information about their online customers to ensure stronger authentication, says Avivah Litan, a fraud expert and analyst for the consultancy Gartner.
Although businesses understand the benefits of sharing cyber-threat information with law enforcement, they often let perceived legal constraints prevent them from collaborating, says Mary Galligan, a former FBI investigator.
One key provision of Article 4A of the Uniform Commercial Code, which deals with reasonable security measures for banks, needs to be dropped, contends attorney Dan Mitchell, who represented PATCO Construction in an account takeover dispute.
A new set of patent infringement suits is targeting payment card networks, payment processors and e-commerce sites. Meanwhile, the American Bankers Association has endorsed pending federal legislation designed to help curb these legal actions.
Do you know how many government agencies or, for that matter, critical infrastructure operations that have been attacked online? Neither does Congress. But some senators have introduced legislation to find out.