MasterCard is testing a biometric wristband that authenticates a user's identity for payment card transactions by monitoring their heartbeat. Payment experts weigh in on whether the technology has the potential for widespread use in preventing card fraud.
Poor post-breach communication can cause as much damage to a company's reputation as the cyber-incident itself, says Al Pascual, a senior analyst at Javelin Strategy & Research, who will speak at ISMG's Fraud Summit Dallas.
In our increasingly mobile society, organizations, their employees, partners and customers are at greater than ever risk of identity theft and fraud. How prepared are organizations to mitigate these risks? It's not enough to have a breach response strategy. Do you have the right players and pieces in place to execute...
U.S. and European law enforcement officials have arrested 17 alleged vendors and operators of illegal "Darknet" online marketplaces, shuttered 410 websites - including Silk Road 2.0 - and seized narcotics and $1 million in bitcoins.
A hotel booking website hack - resulting in stolen payment cards - triggers a regulator's warning that businesses still need to pay close attention to eliminating SQL injection vulnerabilities from their websites and emphasizing secure coding.
CERT-In has issued an alert against a new banking Trojan dubbed Dyreza, which targets users of online banking services. Security leaders offer advice for institutions to address risks and warn customers.
In addition to 56 million payment cards being compromised in the Home Depot data breach, approximately 53 million e-mail addresses also were stolen, the retailer reported in an investigation update on Nov. 6.
The developers of the Backoff point-of-sale malware that's infected more than 1,000 U.S. businesses have continued to refine their attack code, including encrypting communications and making the malware tougher to spot or eradicate, researchers say.
Apple iOS and Mac OS X devices are susceptible to WireLurker, a previously unseen malware family that spreads via a third-party Chinese app store, and which can infect even non-jailbroken iOS devices, Palo Alto Networks warns.
As the Target and Home Depot incidents prove: Retail point-of-sale breaches are on the rise, creating greater payment card fraud headaches for banking institutions. How does the impact of these crimes compare to that of account takeover, check fraud, insider crimes and the emerging realms of virtual and mobile...
In June of this year, the "Ronald Reagan" batch of credit cards (potentially those stolen from P.F. Chang's) joined the "Barbarossa" batch from Target in becoming publicly available for purchase. They were featured on the popular Rescator card shop (stolen card data marketplace), which offers advanced features like...
With social engineering, phishing and a host of other attacks on the rise, the consumer remains the most vulnerable link in the fraud chain. Banks and financial institutions are helping to lead the way in education, supported by organizations like the FFIEC which recently issued new guidance on security awareness for...
Over the last year, the financial-services industry has seen card breach after card breach, heating the debate between merchants and banks about who should pay for the losses and recovery expenses that inevitably come in their wake. During this review of the year's top stories and anticipated trends for 2015, we will...
Law enforcement agencies have gained incredible clarity into the perpetrators of fraud, their motives and methods as well as their victims, the cost to the industry and developing trends. But to effectively investigate and prosecute these crimes, public-sector organizations need to better understand the driving...
Part 1: Fraud and Tomorrow's Breach Targets
For as long as data can be compromised and misused, businesses that store or transmit data will be at risk of compromise. Yet those industries and segments that are common targets today are implementing solutions, such as data obfuscation and advanced authentication, which...
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