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.
Ed Felten, the new federal deputy chief technology officer, hasn't been shy about criticizing the federal government, whether it's about the NSA undermining encryption standards or the FBI not being entirely transparent on malware warnings.
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.
It's unlikely that the same hackers that hit Sally Beauty in 2014 struck the company a second time this year, several threat intelligence experts say. Find out the latest theories about what may have led to the apparent second breach of the retailer.
Knowing exactly when to share information with law enforcement in the wake of a breach is challenging, says Assistant U.S. Attorney William Ridgway, a featured speaker at ISMG's Fraud Summit Chicago on May 19.
Laws rarely, if ever, keep up with technology, but even if they could, the consequences could prove more harmful than the benefits. That was evident at a House hearing that addressed default encryption of mobile devices.
As the U.S. completes its payments migration to the EMV chip, merchants and card issuers should be bracing for an uptick in card-not-present fraud, says Carol Alexander, head of payment security at software provider CA Technologies.
A class-action suit filed by U.S. banks and credit unions that's pending against Target could prove fruitful for the banks and credit unions, says attorney Chris Pierson, chief security officer at invoicing and payments provider Viewpost.
Attitudes about cyberthreat information sharing, as well as attack attribution, have dramatically changed in the last 18 months, says the FS-ISAC's Bill Nelson, a featured speaker at RSA Conference 2015.