A Michigan credit union's bold move to block members from using their payment cards at all Wendy's locations following a malware attack won't do much to stop fraud. But it does send a strong message that the financial institution doesn't think Wendy's has done enough in its efforts to protect customers.
Want to build a cybercrime empire predicated on selling stolen payment card data? Here's how carder forum Vendetta Network blends outsourcing, partnerships and best-of-breed tools to maximize profits while minimizing risk.
In the wake of this week's rollout by NACHA, The Electronic Payments Association, of same-day ACH payments in the U.S., fraud departments at originating and receiving banks should be bracing for the new risks posed by faster payments, says NACHA's Jane Larimer, who offers insights on steps to take.
Don't leap to conclusions on the basis of a new report that suggests Yahoo is preparing to warn the world that it was hacked and lost hundreds of millions of users' account credentials. Someone may simply have harvested passwords reused on other sites.
FBI Director James Comey, Facebook CEO Mark Zuckerberg and security expert Mikko Hypponen all advocate covering up your webcam as a cheap and no-brainer defense against everything from unscrupulous competitors to sextortionists.
To help financial institutions better spot attempted fraud, the SWIFT interbank messaging network plans to begin offering voluntary "daily validation reports" to customers to flag unexpected senders, recipients or payments as well as unusually large payments.
The handling of a recent data breach - the details of which are still unfolding - by Oakland, Calif.-based web services company Regpack provides a look into how the discovery and disclosure of a breach can turn into a real train wreck.
Chipmaker Intel will spin out its Intel Security unit - once again named McAfee - with a value that's markedly lower than what it paid. Meanwhile, long-gone founder John McAfee is suing for the right to launch a new security company bearing his name.
Kimpton Hotels & Restaurants is warning that all 62 of its hotels suffered a POS malware infection this year that resulted in the compromise of cardholder data. So far it's unclear if the attack relates to breaches of Oracle MICROS or other POS vendors.
A hacker attempted to steal user data relating to online hunting and fishing licensing applications in Idaho, Oregon and Washington, via cloud software vendor Active Network. But so far it's unclear if any applicants' information was taken.
Two hotel chains - Millennium and Noble House - are warning that they've suffered point-of-sale malware infections that compromised customers' payment card data. Both say they were alerted to related card fraud by the U.S. Secret Service. Could the breaches be tied to the Oracle MICROS breach?
A Reuters report claiming executives at SWIFT for years neglected the security of its messaging system has stirred debate among security and anti-fraud experts. Who should take the lead role for security of bank-to-bank transactions - SWIFT or its member banks?
Retailer Eddie Bauer is warning customers that their payment card data may have been compromised by point-of-sale malware during a six-month attack. The warning follows HEI Hotels & Resorts disclosing a 15-month malware attack affecting 20 locations.
Vikrant Arora, CISO of NYC Health & Hospitals, offers the four most important questions a board must ask the CISO to get a good understanding of how the organization is addressing top cybersecurity concerns.