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?
The British government rewrote the country's computer abuse law in March to shield law enforcement and intelligence agencies from being prosecuted for hacking. The move, which just came to light, appears to have been driven by a legal claim.
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.
Lenovo issues an emergency patch to fix flaws in the System Update software that it preinstalls on business-focused Windows PCs after security researchers discover vulnerabilities that could be used to remotely compromise machines.
One year after Sally Beauty Supply revealed that a network breach compromised payment card data and exposed 25,000 records, the company says it is investigating new breach reports. Did it fail to eradicate the original intrusion?