While many banks and merchants in Britain, France and Germany have long complied with the PCI Data Security Standard, deregulation has led organizations in other European countries to start taking PCI compliance more seriously and use it for competitive advantage.
The Chinese government likely was responsible for the hacking of computers at the Federal Deposit Insurance Corp. in 2010, 2011 and 2013, according to a new congressional report. Also, a new audit from the FDIC inspector general criticizes the agency for continued lax information security practices.
How low will ransomware go? New malware - dubbed Ranscam - demands bitcoins to unlock files, but in reality they've already been deleted, researchers warn. As always when it comes to defending against ransomware, preparation pays.
Most ransomware attacks result in a breach of protected health information that must be reported under HIPAA, according to newly released federal guidance for healthcare entities and business associates. But is the guidance clear enough?
Ransomware is devastating, and current security software doesn't do a great job of stopping it. But researchers say ransomware's behavior - quickly encrypting large volumes of files before users have time to react - could be the key to solving this epidemic.
Pokémon Go - Nintendo's new smartphone app - has been a smash hit. But the game's augmented-reality approach, and app developers' data-handling choices, have triggered security and privacy concerns as well as safety warnings.
Omni Hotels & Resorts is warning customers that for six months, hackers infiltrated its networks and used point-of-sale malware to steal payment card data. One security expert says more than 50,000 stolen cards have been sold by a hacker called JokerStash.
The release this week by the PCI Security Standards Council of a new PCI compliance resource for small merchants is being lauded by the banking and payments community. But how effective will the resource be at actually convincing merchants to move forward with PCI compliance?
Interbank messaging service SWIFT will begin collecting and sharing anonymized attack information and offering incident-response services - backed by Fox-IT and BAE Systems - to help hacked banks. But will financial institutions buy in?
Security vendors are issuing warnings about two new types of dangerous Mac malware - Eleanor and Keydnap - which serve as a reminder that it's not just Windows users coming under fire from malicious software developers and tricksters.
Now a Ukraine bank has reported suffering a $10 million hacker heist via fraudulent SWIFT transfers. Also hear about why attackers often use legitimate IT administrator tools, and organizations' growing use of deception technologies and strategies.
The need for PCI-DSS compliance is being embraced in Southeast Asia and the Middle East, with adoption of PCI standards increasing dramatically over the last five years, says Dharshan Shanthamurthy, CEO of SISA Information Security, who shares insights about why PCI adoption is likely to continue to grow.
While malware may be used for an initial attack, hackers quickly begin using tools to move around networks that often don't raise suspicion. Here's what to look out for to detect a "low and slow" attack.
In the wake of recent SWIFT-related interbank payment heists, more banks are monitoring transactions for anomalous behavior in an attempt to catch fraud in real time, says Andrew Davies, a fraud prevention expert at core banking services provider Fiserv.
So why is Visa temporarily reducing the fraud chargeback burden on non-EMV-compliant U.S. merchants? Mark Nelsen, Visa's senior vice president, says it boils down to this: The card brand wants to give retailers a break while it takes steps to streamline the cumbersome certification of new POS devices.