MasterCard is officially extending its zero-liability policy to U.S. consumers victimized by fraud perpetrated through PIN-based debit and ATM transactions. But some card issuers say this is merely formalizing protections they already offer.
Bulgarian and French law enforcement authorities made 11 arrests in an effort to take down a Bulgarian organized crime network suspected of conducting an electronic payment fraud and currency counterfeiting operation.
MasterCard is extending its zero-liability policy for U.S. consumers who are victims of fraud to include all PIN-based and ATM transactions. The company is also offering all cardholders in the U.S. identity theft resolution assistance.
Hacker Hector Monsegur, also known as "Sabu," has been sentenced to time served because he aided the government in preventing or mitigating more than 300 cyber-attacks, including those against the U.S. Congress, Visa and MasterCard.
French IT services company Atos has announced its intention to purchase Bull, an enterprise data firm, to enhance its cybersecurity and big data offerings. The deal is worth $844 million, or 620 million euros.
In the more than a month since the Heartbleed bug was announced, many organizations have made progress in mitigating the risks. Security experts highlight gaps that remain and offer remediation advice.
Several state attorneys general are investigating the data breach at eBay, which potentially exposed the encrypted passwords of 145 million customers. Plus, the New York AG is asking the company to provide free credit monitoring to those affected.
Supporters of a stronger version of the USA Freedom Act pin their hopes on the Senate after the House overwhelmingly approved a watered-down version of the measure aimed at curtailing the government's collection of American's phone records.
Banking experts say the Retail Industry Leader Association's launch of a cyberthreat information sharing initiative is a good first step toward thwarting breaches, but it should build on the models used by other industries.
A bill designed to help strengthen the cybersecurity workforce at the Department of Homeland Security is headed to the Senate floor, although supporters of the measure say obstacles to passage still must be overcome.