Two men allegedly tied to the hacking group "Crackas With Attitude" have been arrested as part of an investigation into hacks of U.S. government systems and senior government officials, including CIA Director John Brennan's personal AOL email account.
Wells Fargo will pay $185 million in fines over employees illegally subscribing customers to banking products they didn't request - creating 2 million ghost accounts in the process - in what appears to be one of the largest cases of identity theft ever recorded.
Distributed ledger technology, such as the blockchain, promises simplicity, speed and greater transparency in transactions that are conducted across the world, in payments and beyond. But what about the risks? How much do we truly understand about this emerging technology, and have we placed fintech on a pedestal too...
The Internal Revenue Service has temporarily deactivated an online PIN-retrieval tool meant to prevent stolen Social Security numbers from being used to file fraudulent returns after finding that hackers had successfully subverted the system.
Synthetic identity fraud is more pervasive than most people are aware. Synthetic identities are used to obtain financial services, medical benefits, insurance and rental housing, among other things. Additionally, organized crime and terrorist groups are realizing the benefits that the anonymity of synthetic identities...
Recent attacks have shown that once a user's endpoint is infected with advanced malware, criminals can bypass most security layers, including two-factor authentication, device ID systems, risk engines and behavioral analytic systems. Banking malware such as Citadel, Zeus, Dyre and Bugat, incorporate advanced...
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.
As a result of Experian's data breach, 15 million T-Mobile subscribers are at risk from phishing attacks and fraud. But it's not clear what more T-Mobile can do to protect breach victims, says security specialist Mark James.
The prices for stolen payment card data and other cybercrime products and services on Russian underground forums continue to fall. But the cybercrime ecosystem is more automated, effective and robust than ever, Trend Micro reports.
The FTC says LifeLock has violated a 2010 settlement by continuing to make deceptive claims about its identity theft protection services. After the FTC made the announcement on July 21, Lifelock's stock value plummeted.
Since 2010, incidents of medical ID theft have nearly doubled, according to research from the Medical Identity Fraud Alliance. MIFA's Ann Patterson tells how healthcare security leaders can reverse this trend.
Wipro has developed a fraud detection model for improved risk management using big data analytics. Can CISOs leverage it to reduce risk, enhance process efficiency and refine fraud detection algorithms?
A massive breach at the U.S. Office of Personnel Management wasn't discovered by government sleuths - or the Einstein DHS intrusion detection system - but rather during a product demo, a new report says.