As banking customers migrate to mobile channels, criminals are developing inventive new ways to commit fraud. In a video interview, Peter Klimek of Kaspersky Lab addresses the changing threat landscape and ways to improve cybersecurity.
Distributed-denial-of-service attacks on banks are more powerful than ever, but we hear less about them than we did three years ago. How have attackers changed their tactics, and why should we be even more concerned about their strikes?
In a video interview, Bob Carr of Heartland Payment Systems offers a frank assessment of missteps in the wake of the processor's landmark 2008 data breach, and he calls for widespread use of end-to-end encryption.
To avoid having their organizations exploited by teenage hackers, boards of directors worldwide need to get serious about security. Here are five lessons to be learned from the latest TalkTalk data breach.
Tinba, which has been linked to attacks in the U.S., Canada and Europe, is now targeting bank accounts in Russia, according to a new report from Dell SecureWorks. Researcher Brett Stone-Gross tells why Tinba is unusual and can be tough to detect.
Even though the U.S. is migrating to the EMV chip, Visa is still stressing the need for merchants to comply with the PCI Data Security Standard, says Eduardo Perez, the card brand's senior vice president of payment risk, in this video interview.
While sophisticated cyberattacks and high-profile mega-breaches get most of the attention, European fraud experts say less sophisticated attacks are far more common and pose a greater fraud risk. At ISMG's Fraud Summit in London, they called for global collaboration to fight fraud.
Target - the nation's second-largest discount retailer and best-known data breach poster child - has begun issuing its house-brand REDcards with chip and PIN. The move comes as the majority of card issuers have opted for chip and signature, which some security experts warn is a weaker choice.
An alert issued - and then yanked - by the FBI about fraud vulnerabilities linked to EMV chip cards is reigniting the debate between bankers and retailers over whether EMV in the U.S. should be chip-and-PIN or chip-and-signature.
The shift to the EMV standard in the U.S. has drawn incredible media attention for more than a year as everyone witnesses the approach of the looming liability shift deadline. But what does it really mean for merchants, consumers, and hackers? I say the answer is actually very little, and in as few words as possible,...
One week after the EMV fraud liability shift took effect for U.S. merchants, experts say much more needs to be done to prepare merchants for chargebacks and new socially engineered scams aimed at exploiting consumers.
Prosecutors recommended that twin brothers Muneeb and Sohaib Akhter serve a six-year and a two-year sentence, respectively, after pleading guilty to hacking-related charges. But one of the men received a much lighter sentence.
Europe's successful migration to EMV, which began more than a decade ago, employed deadline shifts, education for cardholders and merchants and an approach based on PIN codes. Here are lessons for the in-progress U.S. migration to EMV.