Payments processing firm Global Payments Inc. has confirmed its role in a data breach that could prove to be the largest such incident since the Heartland Payment Systems breach.
The Paul Allen card breach reiterates a concern financial fraud experts have been screaming about for years: Socially-engineered schemes that compromise employees. So, what can institutions do about them?
Cloud computing continues to be a hot topic for organizations, says Entrust's David Rockvam. What issues should be top-of-mind when using the cloud, and how can organizations ensure security?
While Microsoft's move to take down Zeus malware-related botnets is touted as a unique approach to fight financial fraud, some industry experts question its long-term viability. What are their concerns?
"Many financial institutions have watched for years as cybercrime has escalated, and now we are shutting it down," says Greg Garcia, describing Operation B71 and how it's helping combat ACH/wire and other forms of fraud.
Payment card fraud remains a top concern for banks and credit unions. And Randy Vanderhoof, executive director of the Smart Card Alliance, says mobility can help address fraud incidents and losses.
Microsoft Corp. says it led a team that has successfully disrupted command and control servers used to run some of the world's most damaging variations of botnets proliferating the Zeus malware.
EMV is coming to the U.S., and card brands are now leading the charge. The sooner card issuers, acquirers and merchants initiate EMV migrations, the better, says Stephanie Ericksen of Visa.
The average per capita cost of a data breach has declined from $214 to $194, according to the new Cost of a Data Breach study. But there are still plenty of causes for concern, says Dr. Larry Ponemon.
ATM skimming is a growing global problem, despite steps taken in Europe and other markets to curb attacks on credit and debit cards. Why are we seeing increased fraud losses in these markets?
A recent research paper that raised questions about the efficacy of RSA public-private key cryptography shouldn't alarm IT security practitioners, says Eugene Spafford of Purdue University. Here's why.
What do the latest international fraud arrests prove? "Organized crime isn't running, but they are definitely looking over their shoulders," says Robert Siciliano, a financial security expert.
The U.S. Treasury has officially launched new sanctions against organized crime. What role do banks and credit unions have to play in this fight? Fraud experts at Ernst & Young offer insights.
Integrating fraud-detection and AML systems not only has helped First Hawaiian Bank track fraud patterns. It also has helped the institution comply with new regulatory requirements. Here's how.
Jason Clark, CSO of Websense, has spent a significant amount of time meeting with over 400 CSOs. From his interactions, Clark offers his advice on how chief information security officers can be more effective.
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