Distributed-denial-of-service attacks on banks are more powerful than ever, but we hear less about them than we did three years ago. How have attackers changed their tactics, and why should we be even more concerned about their strikes?
In a video interview, Bob Carr of Heartland Payment Systems offers a frank assessment of missteps in the wake of the processor's landmark 2008 data breach, and he calls for widespread use of end-to-end encryption.
To avoid having their organizations exploited by teenage hackers, boards of directors worldwide need to get serious about security. Here are five lessons to be learned from the latest TalkTalk data breach.
Tinba, which has been linked to attacks in the U.S., Canada and Europe, is now targeting bank accounts in Russia, according to a new report from Dell SecureWorks. Researcher Brett Stone-Gross tells why Tinba is unusual and can be tough to detect.
Even though the U.S. is migrating to the EMV chip, Visa is still stressing the need for merchants to comply with the PCI Data Security Standard, says Eduardo Perez, the card brand's senior vice president of payment risk, in this video interview.
While sophisticated cyberattacks and high-profile mega-breaches get most of the attention, European fraud experts say less sophisticated attacks are far more common and pose a greater fraud risk. At ISMG's Fraud Summit in London, they called for global collaboration to fight fraud.
Cloud Access Security Brokers are the flavor of the season in cloud security. The value proposition is immense - enabling the enterprise to extend and enforce policies beyond the perimeter effectively. Let's take a closer look.
U.S. merchants that have not yet completed their migration to EMV should brace for upticks in chargebacks from international card issuers, says Gord Jameison, head of Canadian risk services for Visa, in a video interview.
A curious case of fraud has come to light at Kotak Mahindra Bank, where fraudsters misused credit cards that the bank says it never issued. What will investigations reveal about how fraudsters accessed this data? Who is liable?
Target - the nation's second-largest discount retailer and best-known data breach poster child - has begun issuing its house-brand REDcards with chip and PIN. The move comes as the majority of card issuers have opted for chip and signature, which some security experts warn is a weaker choice.
Prosecutors recommended that twin brothers Muneeb and Sohaib Akhter serve a six-year and a two-year sentence, respectively, after pleading guilty to hacking-related charges. But one of the men received a much lighter sentence.
In the wake of the Oct. 1 EMV fraud liability shift date, U.S. merchants can expect to pay for counterfeit fraud losses previously absorbed by European issuers, says Jeremy King of the PCI Council. Longer-term, he expects European banks will experience more fraud as U.S. POS and card security leapfrogs other markets.
Cyber-insurance holds promise for enterprises looking to suitably cover risk in an unpredictable, and rapidly evolving information security landscape. Dinesh Bareja shares his thoughts on setting the groundwork.
The use of Bitcoin poses big cybersecurity and money-laundering concerns for banks. But the transaction infrastructure used by cryptocurrencies offers many features that banks should put to use, says former FBI Special Agent Vince D'Agostino.