eBay is urging its 145 million customers to change their passwords following a cyber-attack on a company database that compromised encrypted passwords and other personal information. Learn how and when the attack originated.
High-profile retail breaches, such as the one suffered by Target Corp., could spur more merchants to promote increased use of mobile payments to boost security, says Thad Peterson, a new analyst at Aite Group.
The arrests of more than 90 individuals for their alleged involvement in the use of BlackShades malware is a sign of progress in the global fight against cybercrime, but some experts question whether the crackdown will serve as a fraud deterrent.
A $15 million check-kiting scheme flew under the radar of leading banking institutions for more than three years. Experts analyze why check fraud schemes such as this one continue to pose a threat.
More than 90 individuals have been arrested for their alleged involvement in the creation, distribution and use of BlackShades malware. The two-day roundup operation took place in 16 countries.
Fighting fraud tied to synthetic identities requires revamping the credit infrastructure to improve detection of fraudsters' activities, says risk management specialist Richard Parry.
The Federal Reserve will make recommendations this summer for how the United States could launch a "fast-payments" system with enhanced authentication, says Kirstin Wells of the Federal Reserve Bank of Chicago.
Security executives who attended ISMG's Fraud Summit Chicago said they see a growing need for sharing more cyber-intelligence with community banks and credit unions. But how else could smaller institutions improve their fraud-fighting efforts?
Class action lawsuits that banking institutions filed against Target Corp. in the wake of the retailer's massive breach are being consolidated. The suits seek recovery of expenses, such as the cost of re-issuing affected payment cards.
Another defendant has entered a guilty plea in a $200 million credit card fraud scheme, the third in recent weeks and the ninth so far. Experts weigh in on ways to mitigate this type of fraud.
A multi-layered approach known as "context-aware security" is the most effective strategy for fighting both insider and external cyberthreats, says Gartner analyst Avivah Litan, who explains how this strategy works.
Belgian and Dutch judicial and law enforcement authorities have arrested 12 individuals involved in a voice-phishing scheme that collected millions of euros from Belgian victims and banks.
Marc West of Fiserv says banking institutions have two challenges when it comes to developing mobile-payments solutions - focusing on the product development and preparing for regulatory oversight.
As mobile banking adoption rapidly grows this year, financial institutions need to identify and fill security gaps, says Aite Group analyst Julie Conroy, a featured speaker at the May 14 Fraud Summit Chicago.
Conventional wisdom dictates that the high demand for IT security practitioner would cause salaries to rise, perhaps significantly. But a new study by SANS shows only a slight fattening of paychecks for many IT security professionals.
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