Attackers likely purchased malware in underground "cybercrime-as-a-service" markets to use in recent credit card breaches, including the Target Corp. attack, a new report from McAfee Labs asserts. Adam Wosotowsky explains the report's findings.
Recent data breaches, such as the ones suffered by Target Corp. and Neiman Marcus, may have been detected sooner if retailers had been sharing transactional pattern and behavioral information about their customers, says Mike Braatz of ACI Worldwide.
Although adoption of mobile banking is accelerating, mobile payments have yet to reach a tipping point and security issues need to be addressed, says Marc Warshawsky of Bank of America, a mobile banking pioneer.
A retailer should help pay for card re-issuance and other expenses after a breach if the merchant is shown to have had inadequate security in place, says Viveca Ware of the Independent Community Bankers of America.
Congress heard testimony from cybersecurity experts this week about the steps that should be taken to minimize the risk of breaches of the payments system. Learn what Troy Leach of the PCI Council and others had to say.
Las Vegas Sands Corp. is investigating a breach that exposed information, including Social Security numbers and payments information, for patrons and employees at its hotel and casino in Bethlehem, Pa.
An alleged hacker based in the United Kingdom has been charged with infiltrating servers belonging to the U.S. Federal Reserve Bank. The announcement comes just months after the Brit was charged in connection with other U.S. government hacking incidents.
Fraudsters continually find new ways to attack, but too many organizations rely on old, unsuccessful methods to detect and prevent fraud. This is the premise, says David Mattos, VP Sales, with Easy Solutions.
In the second full day of RSA 2014, ISMG's editors record exclusive video interviews with Troy Leach of the PCI Council, Adam Sedgewick of NIST and Gartner's Avivah Litan. What insights do these thought-leaders share?
Verizon isn't offering many details about two retailer breaches it's reportedly investigating, which may be linked to the Target breach. But IntelCrawler's Dan Clements says the merchants were likely breached several weeks ago.