Fraudsters continually find new ways to attack, but too many organizations rely on old, unsuccessful methods to detect and prevent fraud. This is the premise, says David Mattos, VP Sales, with Easy Solutions.
NoMoreRack.com says there's no evidence to suggest its payments system has been breached, in spite of reports alleging compromised cards have been traced back to some of its retail sales.
Recent retail breaches have exposed security vulnerabilities, highlighting the importance of shifting to much stronger user authentication as well as verification of the authenticity of transactions.
Attackers likely purchased malware in underground "cybercrime-as-a-service" markets to use in recent credit card breaches, including the Target Corp. attack, a new report from McAfee Labs asserts. Adam Wosotowsky explains the report's findings.
A retailer should help pay for card re-issuance and other expenses after a breach if the merchant is shown to have had inadequate security in place, says Viveca Ware of the Independent Community Bankers of America.
Congress heard testimony from cybersecurity experts this week about the steps that should be taken to minimize the risk of breaches of the payments system. Learn what Troy Leach of the PCI Council and others had to say.
Despite certain evidence that suggests a possible breach at Sally Beauty Supply, the retailer maintains that a recent cyber-attack against its point-of-sale network did not expose card data.
MasterCard and Visa have announced the formation of a cross-industry group that will work on improving U.S. payment security by advancing migration to chip cards as well as point-to-point encryption.
If Congress fails to enact a national breach notification law, the Obama administration could develop a set of voluntary best practices along the lines of its new cybersecurity framework.
Sears is denying claims that its network may have been compromised by a cyber-attack that exposed card data. Other sources say they are still unsure, and that Sears may be the next breached retailer.
Fraudsters continually find new ways to attack, but too many organizations rely on old, unsuccessful methods to detect and prevent fraud. This is the premise, says David Mattos, VP Sales, with Easy Solutions.
In the second full day of RSA 2014, ISMG's editors record exclusive video interviews with Troy Leach of the PCI Council, Adam Sedgewick of NIST and Gartner's Avivah Litan. What insights do these thought-leaders share?
Verizon isn't offering many details about two retailer breaches it's reportedly investigating, which may be linked to the Target breach. But IntelCrawler's Dan Clements says the merchants were likely breached several weeks ago.
While much of the security focus is on online fraud and major data breaches, organizations of all sizes and sectors are seeing a rise in phone-based fraud, says Matt Anthony of Pindrop Security.
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