Cybercrime continues to evolve, offering an ever-increasing array of niche capabilities, ranging from attack techniques and infrastructure to related research and sales services, warns Trend Micro's Bharat Mistry.
The consolidated class-action lawsuit filed by banking institutions against Home Depot is more evidence of how issuers are no longer relying solely on card brands to be compensated for breach losses and expenses.
A new breach reported by Heartland Payment Systems won't get much attention. But this incident could be more damaging to the undisclosed number of consumers affected than was Heartland's 2008 payment card breach.
Prosecutors love to tell judges that sentences for hackers and cybercriminals must be strong enough to deter future such crimes. But as the case of Silk Road mastermind Ross Ulbricht shows, they've failed to make the case for deterrence.
Wire fraud perpetrated via business email compromises has quickly become a top concern for banking institutions. Now one bank fraud executive predicts this type of fraud could exceed $1 billion this year.
Five best practices noted in version 3.0 of the PCI Data Security Standard will become requirements after June 30, with remote access and third-party risks the key focus - particularly for smaller merchants.
It's no surprise that virus-wielding hackers are exploiting Internet of Things devices. Blame too many device manufacturers rushing products to market, skimping on secure development practices and failing to audit the third-party code they use.
This year's Infosecurity Europe conference in London is offering a top-notch range of sessions, ranging from how to battle cybercrime and social engineering to building a better security culture and workforce. Here's my list of must-see sessions.
MasterCard's breach settlement with Target has been derailed after not enough card issuers agreed to the terms. Now MasterCard is expected to attempt to renegotiate, while banks continue with a class-action lawsuit against the retailer.
Britain's computer emergency response team - CERT-UK - reports that malware remains the dominant mode of online attack for cybercriminals, and Zeus their most preferred tool of choice. But the team is promoting a free information-alert service to help.
Visa has agreed to increase the reimbursement paid to banking institutions that must reissue cards in the wake of a merchant breach. Now the smaller card issuers, such as community banks, are getting paid the most.
An army of 40,000 small office/home office routers have been exploited by automated malware. But who's responsible for devices being vulnerable: vendors for using well-known defaults; or distributors and IT managers for not locking them down?
Caffeine junkies are up in arms over reports that criminals have been targeting their Starbucks account balances. But the real story is poor password-picking practices by consumers, and Starbucks' lack of multi-factor authentication.