A security firm has uncovered a wave of fraud striking corporate checking accounts in the U.S., U.K. and China. How are the criminals gaining access to supposedly secure banking credentials?
Payments processing firm Global Payments Inc. has confirmed its role in a data breach that could prove to be the largest such incident since the Heartland Payment Systems breach.
Discussing Verizon's new report on the state of PCI compliance, PCI expert Jen Mack says payment card security today is "disappointing," and global merchants are at serious risk of new data breaches.
Citigroup confirms that a breach of its online banking platform, Citi Account Online, may have exposed personally identifiable information about hundreds of thousands of Citi customers.
Sony Corp.'s announcement that hackers may have accessed data on 77 million gamers follows a long line of recent breaches. And Neal O'Farrell of the Identity Theft Council says the string of incidents has led to consumer 'breach fatigue.'
Despite an overall, albeit gradual, decline in check use, check fraud continues to plague the financial industry. And banks and credit unions are challenged to curb these evolving crimes.
Was malware to blame for the so-called "computer glitch" that over a weekend took down a handful of the country's largest banks' ATMs and online banking sites?
Charlie Lai, chief information officer of Fairwinds Credit Union, a $1.5 billion institution serving central Florida, calls reports of the massive ATM and online outage "ridiculous."
Malware is likely to blame for the so-called "computer glitch" that over the weekend took down a handful of the country's largest banks' ATMs and online banking sites.
The card skimming epidemic at pay-at-the-pump terminals in Alachua, Fla., has pushed local law enforcement to encourage consumers to pay for their gas with cash.
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