The FBI is offering a big-stakes reward for an alleged criminal who ranks at the top of its "cyber most wanted" list. But one cybercrime expert asks: "Would you cross the Russian mafia or some organized crime gang for $3 million?"
Fraudsters have been hacking into and draining Starbucks accounts, customers report. Security experts say attackers appear to be guessing weak account passwords, then using funds to fill up gift cards destined for the black market.
Much of today's crime is "cyber-enabled," warns cybercrime expert Raj Samani, and successfully blocking such attacks increasingly demands not just better technology and public-private collaboration, but also an understanding of psychology.
A judge's decision to allow MasterCard's settlement with Target to stand isn't likely to be appealed and could discourage banking institutions, some experts say, from continuing to pursue a breach-related class-action lawsuit they filed against the retailer.
Partners HealthCare System is the latest healthcare organizations to suffer a data breach following a phishing attack. But why did Partners wait five months to issue a breach notification, when HIPAA requires notifications within 60 days?
Security firms report a sharp rise in the quantity of attacks that use macro code - designed to automate tasks - to trigger malware downloads, often for the purpose of stealing people's online banking credentials.
Partners HealthCare System announced that it is the latest healthcare organization hit by a data breach attributed to a phishing attack. The records of an estimated 3,300 individuals may have been compromised in the incident.
The latest victim of malware attacks against point-of-sale system vendor NEXTEP is foodservice management company Compass Group, which says payment card data for up to 70,000 users of self-service kiosks was exposed.
Romanian authorities' detention this week of 25 suspects believed to be part of an international cybercrime ring could be linked to a $45 million ATM cash-out scheme dating back to December 2012, security experts say.
As the U.S. completes its payments migration to the EMV chip, merchants and card issuers should be bracing for an uptick in card-not-present fraud, says Carol Alexander, head of payment security at software provider CA Technologies.
A class-action suit filed by U.S. banks and credit unions that's pending against Target could prove fruitful for the banks and credit unions, says attorney Chris Pierson, chief security officer at invoicing and payments provider Viewpost.