Many organizations talk about engaging customers to help prevent fraud. Jim Van Dyke, CEO of Futurion, has new ideas for how to best involve customers in fighting fraud in three stages: Prevention, detection and resolution.
The Department of Health and Human Services has issued a warning for consumers to be on alert for fraudsters pretending to be calling from a HHS' Office of Inspector General hotline with requests for personal information.
Intercontinental Hotels Group says that in addition to 12 hotels that it directly manages suffering a point-of-sale malware outbreak that began in 2016, 1,200 IHG-branded franchise hotel locations in the United States were also affected.
New York has become the first US state to issue its own set of cybersecurity rules for financial institutions. What is the potential impact on other states, other industry sectors? Paul Bowen of Arbor Networks shares insight.
Businesses that fail to block former employees' server access or spot any other unauthorized access are asking for trouble. While the vast majority of ex-employees will behave scrupulously, why leave such matters to chance?
Card-not-present fraud rates in the U.S. have not skyrocketed like some experts predicted in the wake of EMV, according to Visa. And Visa's Margaret Reid says that's likely because most large e-commerce merchants in the U.S. are using sophisticated fraud prevention tools that have so far kept fraud rates at bay.
Cyberattackers love not having to reinvent the wheel. At least, that's the tactic favored by the Callisto group, an "advanced threat actor" that's been using leaked Hacking Team spyware to infect targets, says security firm F-Secure.
Consumers are willing to be inconvenienced to help their banking institutions reduce fraud and enhance the security of financial transactions, says Robert Zerby of Wells Fargo. Why increased publicity surrounding retail breaches is spurring consumers to work more closely with their banks, he says.
An investigation into last year's attempted theft of $170 million at India's state-owned Union Bank has found strong similarities with the Bangladesh Central Bank heist, which was attributed to North Korea, and resulted in an $81 million loss.
Leading the latest version of the ISMG Security Report: A tale of how a dedicated manager spent her weekends monitoring video of ATMs led to the capture of a criminal skimmer. Also, the growing sophistication of cybercriminals.
When she first joined the Los Angeles County district attorney's office, Maria Ramirez prosecuted street gangs. Now she's cracking down on cyber gangs and is opening her case file to share lessons learned from cases involving business email compromise and ransomware.
Publicly listed companies are meant to recognize contingent liabilities, which are liabilities that may be incurred depending on the outcome of an uncertain future event, on their balance sheets. Cyber incidents are increasingly probable and known to impose costs and losses on businesses. Boards, regulators, insurers...
Most sophisticated organizations have had their incident response plans in place for several years. But the landscape has changed, and incident response plans and planning that remain static are at risk of being counter-productive in today's environment. If you haven't dusted off your plan in even a couple of years,...