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.
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.
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.
The Department of Homeland Security confirms that "a potential intrusion" of the Office of Personnel Management's network occurred in March but says officials have not identified any loss of personally identifiable information.
Criminals have begun targeting ATMs in Western Europe using malware, as well as a new generation of stealthier skimmers designed to capture card data and PIN codes. But the stolen data is often used for fraud elsewhere, especially the U.S.
The idea of a cyber war council, reportedly proposed by a financial services industry trade group, has not received an enthusiastic reception from cybersecurity experts, some of whom question its viability to defend against cyberattacks.