A Russian hacker who was extradited to the United States earlier this year has admitted his role in the largest hack attack in U.S. history, which resulted in the theft of 160 million payment card numbers. Find out how much time he could spend in prison under his plea agreement.
FBI Special Agent Charles Gunther says collaboration with FinCEN, international law enforcement and U.S. banks has helped the FBI recover millions of funds stolen from customers via emerging wire fraud schemes.
Drawn by the potential for low risk and high reward, criminals worldwide are increasingly pursuing online crime instead of conventional forms of property crime, such as burglary and robbery, warns cybersecurity expert Alan Woodward.
The U.S. payments infrastructure will come up far short of completing the rollout of EMV technology by the Oct. 1 fraud liability shift date. Experts say high costs, a perceived lack of consumer demand and doubts about EMV's ability to significantly reduce card fraud are to blame.
Adjusting risk management strategies in the aftermath of the newly discovered hacker attack on Excellus BlueCross BlueShield, as well as other recent massive cyber-attacks, will be among the hot topics discussed at the Healthcare Information Security Summit in San Francisco on Sept. 17.
As criminals get more savvy about circumventing financial institutions' fraud prevention controls, fraud-fighting collaboration among institutions and law enforcement officials is becoming more important, says Clyde Langley, a former FBI agent who'll be a presenter at ISMG's Sept. 15 Fraud Summit San Francisco.
If there's one thing federal regulators want to drill into the heads of covered entities and business associates about data breach prevention, it's this: Stop procrastinating, and conduct a risk analysis and encrypt most of your computing devices right away.
BlackBerry plans to buy mobile device management rival Good Technology for $425 million. BlackBerry must prep for a future in which it no longer manufactures hardware - and that's why this deal makes sense.
Policymakers must consider three factors before imposing sanctions in retaliation for state-backed hacks: Confidence in its attribution of responsibility, the impact of the incident and the levers of national power at a state's disposal.
Information security experts offer two timely Apple iOS device reminders: First, never jailbreak the devices. Second, enterprise security managers must ensure that they ruthlessly block any jailbroken devices from accessing corporate networks because they pose a security risk.
Former U.S. Secret Service agent Shaun W. Bridges has pleaded guilty to stealing $820,000 worth of bitcoins during the U.S. government's investigation into the underground narcotics marketplace known as "Silk Road."
The FBI has arrested a former manager at Machine Zone, which makes the multiplayer "Game of War: Fire Age," over allegations that he attempted to bargain sensitive corporate information for a better severance package.