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.
U.S. merchants that aren't able to accept EMV chip cards by October should be bracing for significant upticks in card fraud expenses. Unfortunately, many merchants are far from prepared.
Federal authorities have arrested a Chinese professor, accusing him of pilfering trade secrets from the computer systems of American high-tech companies where he and a co-conspirator once worked.
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.
Wanted: Hackers for hire. Or in British government parlance: "Committed and responsible individuals who have the potential to carry out computer network operations to keep the U.K. safe." Ready to apply?
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.
The emergence of the EMV chip in the U.S. is soon going to change the payments game for issuers and merchants. Here, Sophos' Chet Wisniewski describes what bankers should be doing now to prepare.
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