Zappos.com and its parent company Amazon.com face a class action lawsuit stemming from a recent data breach that affected more than 24 million customers.
Skimming is a global epidemic, experts say, and global fraud losses linked to skimming will grow in 2012. So how will retailers and financial institutions respond?
Improved collaboration and communication between small businesses and financial institutions is the first step toward improving online security, says Mark Patterson, an ACH fraud victim. What else would help?
A group of Saudi Arabian hackers, identified as "Nightmare," conducted distributed denial-of-service attacks Jan. 16 against the Tel Aviv Stock Exchange and El Al, Israel's national carrier.
Symantec reportedly said a 2006 breach led to the theft of the source code to its flagship Norton security software, reversing its previous position that it had not been hacked.
DBS Bank is launching a new SMS/text alert service for ATM transactions, following a rash of fraudulent withdrawals that cost accountholders $1 million.
U.S. and European institutions can learn from DBS Bank's example. In response to a rash of fraudulent withdrawals that cost accountholders $1 million, the bank is launching a new SMS/text alert service for ATM transactions.
Zappos was quick to communicate after discovering a data breach impacting 24 million customers. But did the online retailer respond appropriately, or make some missteps in its haste to notify? Francoise Gilbert of the IT Law Group gives a mixed review.
Online shoe and clothing retailer Zappos.com has issued an e-mail alert to more than 24 million customers regarding a newly-discovered data breach of an internal network.
Cybersecurity Coordinator Howard Schmidt recognizes the need to battle online piracy to protect U.S. intellectual property but contends legislation before Congress to do just that would unacceptably curtail Internet freedom and increase cybersecurity risks.
Cyberhackers are increasing their efforts to target online credentials. And phishing attacks waged against accountholders at Chase in the U.S. and Barclays in the U.K. have made it clear that banking accounts are the target.
When your site processes more transactions annually than the London Stock Exchange, you'd better care deeply about breach prevention, says Ionut Ionescu, Head of Threat Management at Betfair.
Steven VanRoekel says the mobile revolution will fundamentally change the way the federal government serves the public and its employees. But in outlining the Federal Mobile Strategy, the federal CIO hardly mentions security and privacy.
A 17-year-old was slapped with a 60-day jail sentence after he was busted for skimming credit and debit details while working the drive-thru window at a McDonald's restaurant in Olympia, Wash.
To help prevent breaches, mobile devices should be encrypted even if storage of sensitive information on them is prohibited, says security expert Melodi Mosley Gates.
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