The quantity and duration of distributed denial-of-service attacks continue to increase. The latest attacks are being launched via MySQL servers infected with Chikdos malware, as well as compromised Internet-connected CCTV systems, researchers say.
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.
As more banks and government agencies stop providing free BlackBerries to employees, the beleaguered smartphone manufacturer is attempting to reboot with the launch of its first Android smartphone, dubbed Priv for privacy.
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.
British police have arrested a 15-year-old boy in connection with the suspected hack of TalkTalk. Security experts say that if a teenager was responsible, it's going to be difficult for the communications firm to prove that it takes customers' data security seriously.
The recent data breach at U.K.-based telecom company TalkTalk illustrates that breach risk mitigation is a critical issue worldwide. PCI's Jeremy King, who will be a featured speaker at ISMG's Fraud Summit London on Oct. 27, explains why European data security is getting more scrutiny.
European criminals combined cannibalized EMV chips from stolen cards with miniature microprocessors to build fake payment cards that defeated POS security checks, enabling them to steal as much as $680,000, French researchers say.
Attributing cybercrime to specific criminals is becoming increasingly critical, says Eward Driehuis of threat intelligence firm Fox-IT. Using the elusive Dridex campaign as an example, Driehuis explains in this video interview how many malware attacks are interconnected.
U.S. merchants that have not yet completed their migration to EMV should brace for upticks in chargebacks from international card issuers, says Gord Jameison, head of Canadian risk services for Visa, in a video interview.
ATM fraud losses are increasing globally, and we can expect to see this trend continue as the U.S. ramps up its migration to EMV at the point of sale. Unattended terminals are easy to compromise, and they will always be among fraudsters' favorite targets.
Unprecedented levels of collaboration among targeted financial services firms enabled the international law enforcement operation that disrupted the Dridex botnet, security firm Fox-IT says. Now, can that model be repeated going forward?