What's really scary, beyond the obvious, is the risk this hidden software poses to organizations trying to protect the security of their data and the privacy of their employees.
A card compromise at a California-based grocery chain has raised questions about the efficacy of PCI-DSS. Experts say even if merchants are compliant, fraudsters can easily get around the security measures.
Data breaches are all about reputational risk, says attorney Lisa Sotto. And as legal requirements grow, attorneys must play increasingly integral roles in helping clients respond to incidents.
Retailers and fast-food chains throughout the world are reporting an uptick in point-of-sale skimming incidents. Why do fraudsters find retailers and restaurants so easy to target?
Bank of America, a pioneer in mobile banking, says mobile is hot, but it also opens financial institutions to unknown risks. What proactive steps should banks and credit unions take to ensure they're ready?
IEEE sees 2012 as a disruptive year of widespread mobile-device intrusions as a growing number of smartphones - now 20 percent of the market - make them an attractive target for hackers.
In addition to the negative publicity associated with being included on the federal tally of major health information breaches, some organizations are experiencing yet another impact of breaches: class action lawsuits.
Ongoing HIPAA compliance training is key to breach prevention, says Terrell Herzig of UAB Medicine. Yet many healthcare organizations are lacking in their efforts, according to results from the Healthcare Information Security Today survey.
How did fraud specialists at Chase successfully thwart an alleged ATM skimming scheme that impacted 1,500 customers? The bank's fraud-detection efforts draw praise from Gartner's Avivah Litan.
A wave of security breaches serves as a catalyst for all types of organizations to assess the need for cyber insurance. Here's the story of one institution that saw the threat and took out a $10 million policy.
ACH fraud victim Mark Patterson says small businesses like his welcome improved online security measures from banking institutions. But is the new FFIEC Authentication Guidance sufficient? Patterson says no.
Romanian police have charged one of its citizens who used the moniker "Iceman" for hacking into several servers belonging to NASA, causing an estimated $500,000 in damage.
Banks and credit unions are feverishly working to meet the FFIEC's authentication compliance deadline next year. But experts say institutions should be looking beyond the guidance, by making investments in cross-channel fraud detection.
When bankers contemplate risk, says Edward DeMarco Jr. of the Risk Management Association, what dominates headlines in the financial press should be of paramount concern.
Pradeep Moudgal says the U.S. is migrating toward EMV. But how much new investment are card issuers going to have to make, and what steps does the collective industry need to take to ensure the transition from the mag-stripe to the chip is a smooth one?
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