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.
Information security professionals to the U.S. government: Please put up or shut up over Moscow-based cybersecurity firm Kaspersky Lab, by either showing evidence that others can independently judge, or else dropping your vague insinuations.
If the Equifax breach turns out like every other massive data breach we've seen for more than a decade, after a big brouhaha - from Congress, state attorneys general, consumer rights groups and class-action lawsuits - nothing will change, because that would require Congress to give Americans more privacy rights.
A 10-digit PIN used by consumers to freeze access to credit reports with Equifax is based on dates and times, several observers have noticed. Equifax says it plans to change how the PIN is generated, but experts say it's another troubling development for a troubled company.
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.
A judge has designated the case against Marcus "MalwareTech" Hutchins, who's been accused of creating and selling the Kronos banking Trojan, as "complex" after his defense requested more time to review chat logs, malware samples and other evidence submitted by prosecutors.
The plaintiffs who are suing Donald Trump's presidential campaign for conspiring with Russia and WikiLeaks over disclosing their private information stolen from Democratic Party computers could declare a moral victory even if they lose their case. Could exposing the truth be their ultimate goal?
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.
In an in-depth interview, Guru Bhat, head of engineering at PayPal, describes how the online payments provider has used a mix of sophisticated automation, including machine learning, and human insight to maintain a fraud loss rate of just 0.32 percent.
Clothing retailer Buckle says malware installed on its point-of-sale systems apparently stole customers' payment card details for nearly six months. Buckle's warning, which follows a breach alert from Kmart, shows the fight against payment card fraud is far from over.
Police in Europe have dismantled a cross-border gang devoted to perpetrating payment card fraud that they say used card skimmers, micro cameras and other devices to harvest payment card data from at least 3,000 victims.