The Anunak/Carbanak gang continues to rob financial services firms and retailers, in part with ATM malware. A new report says the cybercrime gang has stolen up to $1 billion from banks in Russia, the U.S. and beyond.
Europe's vaunted data protection regulations - now 20 years old - are in desperate need of an update. In 2012, EU officials proposed extensive changes to the privacy rules, but they remain stuck in limbo. Here's why.
The White House Summit on Cybersecurity and Consumer Protection late last week served as the stage for more than a dozen companies and trade groups to announce new initiatives aimed at securing Internet transactions and payments and reducing fraud.
On the heels of the FFIEC's new business continuity guidelines, Deputy Comptroller Beth Dugan hints that new guidance related to cybersecurity risks affecting payments and mobile transactions may be coming.
The Anthem breach, which possibly started with a phishing campaign, is a prime example of how hackers are perfecting their schemes to target key employees who have access to valued information, says Dave Jevans of the Anti-Phishing Working Group.
As a result of the explosive growth in worldwide use of smart phones, mobile malware will play a much bigger role in fraud this year, predicts Daniel Cohen, a threat researcher for RSA, which just released its 2014 Cybercrime Roundup report.
An upcoming series of summits on fighting financial fraud and mitigating advanced persistent threats will provide timely insights from industry thought leaders on the critical steps to take to address emerging risks.
Russian and European malware and spam purveyors have been hijacking Internet routes. Pending a massive infrastructure upgrade, security experts warn that such attacks can be detected, but not easily blocked.
Visa executive Kimberly Lawrence contends that the ongoing U.S. migration to EMV is progressing more rapidly than in other markets that have made the transition, requiring outside-the-box rules for debit transactions and cardholder verification.
Prime Minister David Cameron has cited televised crime dramas to justify his push to expand Britain's surveillance laws and collect bulk Internet and mobile usage data. But does cop show fiction square with surveillance fact?
Hackers posing as women on Skype tricked Syrian opposition fighters into infecting their systems with malware, which furnished the hackers with "valuable insight into military operations," according to a new report from cybersecurity firm FireEye.
A Romanian man has pleaded guilty to charges stemming from his role in a large-scale ATM skimming scheme that defrauded Wells Fargo, Citibank, TD Bank and other financial institutions out of at least $5 million.
Even a few weeks after the RBI announced its plan to consider removal of the two-factor authentication requirement for small-value transactions, security critics continue to react strongly against the notion.