Fast-food chain Sonic Drive-In is investigating a potential breach involving customers' payment card data. Its alert follows a large, potentially related batch of stolen card data appearing for sale on a cybercrime "carder" marketplace called "Joker's Stash."
It's the age of "open banking," and that means changes for banking institutions and their customers - as well as for the fraudsters. Shaked Vax of IBM Security Trusteer talks about new vulnerabilities and anti-fraud strategies.
Summit Credit Union of Wisconsin is seeking class-action status for a lawsuit against credit bureau Equifax. The credit union contends it will have to bear the fraud costs resulting from Equifax exposing a massive amount of U.S. consumer data in one of the worst data breaches ever seen.
In an increasingly digital world, where players from virtually all sectors are racing to innovate, the risk of data theft is very real. The payment card industry has defined standards for protecting cardholder account data. But what about other data types? And what can be learned from payment card industry standards?...
We all know how fragile our digital identities are, and any business offering digital accounts knows about the risks of account takeover attacks. As more and more businesses undertake digital transformation strategies, account takeover becomes an increasingly lucrative attack option for fraudsters. With strategies...
Increased digitisation and adoption of digital banking channels have led to a sharp increase in incidents of mobile fraud, enhancing the challenges for the CISOs in securing these transactions, says Subhash Subramaniam, CISO of ICICI Bank.
Verizon has made a strong case for continual PCI DSS awareness with its new study of payment card data security. But like many vendors that conduct their own studies supporting their business cases, Verizon makes suspect logical stretches.
Mobile apps in India seeking blanket access to phone users' information have come under the lens of TRAI. Security practitioners believe the data privacy dilemma combined with shortcomings in the privacy laws are resulting in such privacy violations.
The Canadian payment card industry has experienced first-hand the impact of chip and PIN deployment, and how fraudsters have responded. During this session, Gord Jamieson, head of risk services for Visa Canada, will explain why security must be a 24/7 concern, how security is moving at the speed of innovation, and...
As the global threat landscape shifts, so does Kaspersky Lab. Moving from its traditional cybersecurity focus, Kaspersky now is honing in on fraud prevention. Emma Mohan-Satta describes this shift and what it means for security and anti-fraud leaders.
Trump Hotels is warning customers that payment card data at 14 of its properties was compromised during a seven-month breach that affected service-provider Sabre. Other affected chains include Hard Rock Hotel & Casino and Loews Hotels.
Russian-born Alexander Tverdokhlebov has been sentenced to serve nine years in U.S. prison after pleading guilty to causing damages of between $9.5 million and $25 million by running botnets, using malware to steal payment card data, selling "dumps" of that data as well as hiring money mules.
India is considering whether to recognize bitcoins as legal. As cybercriminals increasingly demand bitcoins for payment of ransoms, Iaw enforcement authorities are challenged in taking action against those who use virtual currency because of ambiguity over its legal status.
Moderator: Varun Haran, Global Director of Programming - Editorial, and Senior Editor - ISMG
With increased impetus toward a cashless economy being driven by the recent demonetization drive by the Govt of India there is an imminent need to look at the security robustness of the cashless payments infrastructure and...