Five men indicted this week are accused of an elaborate scheme that lasted more than eight years, fooled at least nine banking institutions and defrauded the IRS of $10 million in tax refunds.
The Target breach. Account takeover. Mobile banking. Big data analytics. If these terms mean anything to you, then stop right now and give some thought to attending our Fraud Summit in San Francisco on April 29.
Leading this week's industry news roundup, Deloitte acquires crisis management firm Urgentis, while DataMotion partners with Dell to support users of SonicWALL.
Following a data breach, sensitive information, including credit card data, is often sold through the underground economy. Security experts discuss why it's so difficult to shut down online criminal forums.
The best way to detect whether hackers have penetrated an IT system is to examine outbound traffic, says Eric Cole, the latest inductee to the Infosecurity Europe Hall of Fame.
Most organizations, including banks, have more data than they know what to do with, says Allison Miller, a cyberthreat and data analytics expert. So why aren't they more effectively using big data analytics for fraud prevention and detection?
There's a ton of event content to choose from at Infosecurity Europe 2014, which runs from April 29 through May 1, and here are some of the sessions that caught one editor's eye.
The Massachusetts attorney general has launched an investigation into a data breach involving a subsidiary of Experian. Earlier, attorneys general in Illinois and Connecticut announced similar investigations.
Industry analysts are debating why it took retailer Michaels nearly three months to confirm a breach of its point-of-sale network, and they're asking if the breach is linked to others, including those at Target and Neiman Marcus.
A George Mason University research fellow says the cybersecurity framework, issued earlier this year by the National Institute of Standards and Technology, is likely to cause more problems than it solves.
Verizon's latest annual breach report shows that Web application attacks increased more than malware-fueled point-of-sale intrusions in 2013, says analyst Dave Ostertag, who provides an overview of the report's findings.
A draft of revised guidance from NIST drops a cryptographic algorithm the NSA is said to have used to circumvent encryption that shields much of global commerce, banking systems, medical records and Internet communications.
Dennis Simmons, retiring CEO of SWACHA, says new career paths are being forged for IT professionals as well as legal experts who have good understandings of cybersecurity and cross-channel fraud in the world of e-commerce.
Two weeks after the launch of Heartbleed.com, traffic to the site remains strong and tweets still flow at a brisk pace. Site creator Codenomicon is helping IT practitioners to mitigate the OpenSSL flaw - and attracting customers, too.
Within one day of the disclosure of the flaw known as Heartbleed, an attacker posing as an authorized user broke into a corporate computer system, exploiting the vulnerability in the OpenSSL protocol, the breach detection firm Mandiant says.
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