More than four years after the POS swap attack that struck 80 Michaels craft stores throughout the U.S., details about how the attackers pulled off their scheme have finally emerged. Read why one expert says this was a crime of cash, not cards.
Despite near-constant warnings from law enforcement officials and the information security community, too many organizations still aren't taking security seriously, experts warned at the Irish Cyber Crime Conference in Dublin.
Card-not-present fraud now outpaces card-present fraud in the U.S. by a ratio of 3:1, and is up 30 percent globally since 2014. Experts tell why ecommerce sites need to respond with stronger online authentication, tokenization and behavioral analytics.
In this video interview, former Equifax senior vice president Andy Smith examines the types of scams fraudsters are attempting in the wake of the US EMV liability shift, as well as the countermeasures financial institutions can take to derail them.
The annual Black Hat Europe conference this year once again brought together numerous information security aficionados in Amsterdam for the latest training and security insights. Here are visual highlights from the conference.
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.
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.