Police in Beaverton, Ore., have asked for the public's help to identify four suspects who were caught on camera using fake payment cards allegedly created from details skimmed by fraudsters at area Michaels stores.
Banks need to take a proactive approach toward improving their business continuity planning, and that includes updating services and evaluating business-impact assessments, says Donald Saxinger of the FDIC.
"It's not enough to know the architecture of the breach system," says Michael Aisenberg of MITRE Corp. "Leaders have to understand the different jurisdiction of where they do business, where their customers are and which breach law applies."
Building on existing contactless NFC technology could bridge the gap between the mag-stripe and chip and PIN. And the Smart Card Alliance says merchants should begin investing in infrastructure upgrades now.
The new orders, signed a month ago by President Obama, detail when the military must seek presidential approval for a specific cyberassault on an enemy and weave cyber capabilities into U.S. war fighting strategy, the AP reports.
Authorities charged Ryan Cleary with distributed denial of service attacks on a British law enforcement agency that LulzSec claimed it hacked on Monday. Police also charged the suspect with attacks claimed by the group Anonymous against two music industry sites last fall.
A breach of debit card accounts, which began in April, has so far affected nearly two dozen banks and credit unions in the Northeast Ohio area, including Keybank, Fifth Third and Century Federal Credit union.
The arrest followed an investigation into network intrusions and distributed denial of service attacks against a number of international business and intelligence agencies by what is believed to be the same hacking group.
As the Sony and Epsilon breaches show, privacy is now in the news media every day. And organizations need to be prepared to address the issue, says Trevor Hughes, executive director of the International Association of Privacy Professionals.
Card-skimming trends continue to pose a threat to financial institutions and retail outlets, but there are steps organizations can take to fight back, says John Pearce, director of financial services for ADT Security Services.
The video gaming company Sega says it brought down its online Sega Pass gaming because of unauthorized entry of its database, in which hackers obtained some members' e-mail addresses and encrypted passwords.