A massive international operation has resulted in the arrest of 118 people suspected of using stolen card data to buy airline tickets, or using fake tickets, thanks to big data capabilities for combating crime.
Cybercriminals are perfecting the automated systems they use to verify stolen debit and credit card data by exploiting charitable websites. Learn why these sites are so-called soft targets for hackers.
Retailers cannot avoid innovation. Yet, cybercriminals thrive when retailers innovate. What, then, can retailers do to stop cybercriminals from breaching their defenses? Here are three key questions to answer.
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.
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.
FBI and Department of Homeland Security agents have arrested two men on charges that they stole $5.8 million using reloadable debit cards, which they funded by tricking to threatening victims into adding funds to a money-sending service.
Sophisticated threats require advanced threat protection. A threat-focused next-generation firewall must adhere to three strategic imperatives. Learn how these imperatives improve defense against advanced threats.
Many issuers of chip-based credit cards will likely allow U.S. consumers to complete transactions with a signature, not a PIN, which will limit the fraud protections offered by EMV cards, says Citizen Financial Group's Tim Webb.
Visa is working closely with U.S. banking institutions and retailers to enhance payments security and push the migration toward EMV, says the card brand's Eduardo Perez, a featured presenter at ISMG's Fraud Summit New York.
In his keynote address at the ISMG Fraud Summit New York on Oct. 21, PCI's Bob Russo predicts credit card fraud will significantly rise in the short term as EMV payment cards get rolled out in the United States. Find out why.
Staples has confirmed that it's investigating a potential data breach after a report warned that elevated levels of payment card fraud had recently been tied to card numbers used by consumers who shopped at the office supply retailer.
While fraud-fighting experts are debating the long-term impact President Obama's "BuySecure Initiative" will have on speeding EMV adoption in the U.S., they agree the president is drawing attention to the need for stronger card security.