An undisclosed number of Delaware restaurants may have been affected by a remote-access breach that compromised point-of-sale software, according to the Delaware Restaurant Association.
The FDIC this week removed its list of high-risk merchant categories from guidance related to third-party payment processors. Experts say pressure from merchants may have been the catalyst for the change.
Financial institutions feel the pain of recent retail breaches, and they seek new ways to secure payments and fight fraud. But how can security leaders influence changes within their own organizations?
A low-tech campaign combines phishing, small-footprint attack code and Android malware to topple banks' security defenses in Switzerland and three other nations. Will the campaign extend to U.S., U.K., and beyond?
In recent years, threat actors have become increasingly focused on targeting corporations to obtain sensitive information for financial profit or economic espionage. Regardless of the adversaries' motives, corporations understand the need to implement defensive measures to secure their infrastructure and sensitive...
A new impersonation scheme is taking aim at business executives to perpetuate ACH and wire fraud, says Bank of the West's David Pollino, who explains steps institutions should take now to protect their customers.
A Missouri-based escrow firm is considering taking its fraud case all the way to the Supreme Court now that an appellate court has denied a request to have its case involving a $440,000 account takeover loss reheard.
Sources say a yet-to-be-confirmed breach of payment card data linked to transactions at Goodwill Industries could be linked to a point-of-sale vulnerability that may have affected other numerous merchants.
Point-of-sale retail breaches are the rage, but they are just one cyber-crime trend on the mind of RSA researcher Uri Fleyder. What are the malware and mobile threats that organizations should monitor?
An online gang with ties to Romania and Russia has been bypassing two-factor, Android-based authentication systems - used by 34 different banks to authenticate customers - via the sophisticated Operation Emmental cybercrime campaign.
New research shows consumers believe online purchases are more secure than those made at bricks-and-mortar retailers. Researcher Shirley Inscoe of Aite explains why misconceptions about card fraud should be worrisome to banks.
The use of smartphones, tablets, and other mobile devices to conduct online transactions has rapidly grown into a standard practice. A large percentage of these now-common mobile transactions are completed using mobile apps. Unfortunately, crime associated with their use has increased correspondingly, resulting in a...
An incident involving hackers posting false "news" on The Wall Street Journal's Facebook page demonstrates again why organizations must ramp up efforts to protect social media accounts to avoid reputational harm.
Despite official suggestions to the contrary, the Cryptolocker ransomware isn't dead yet, even as new types of ransomware continue to flood onto black market cybercrime forums, one researcher claims.
In 2013 much attention was focused on cyber-espionage, threats to privacy and the acts of malicious insiders. However, the end of 2013 provided a painful reminder that cybercrime remains prevalent and that damaging threats from cybercriminals continue to loom over businesses and consumers. Eight breaches in 2013 each...
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