A recent ATM skimming scheme linked to the theft of hundreds of thousands of dollars is an indicator of a coming surge in this type of fraud, experts say. Learn about the causes of this trend.
An insurer has dropped its lawsuit aimed at avoiding covering damages suffered in the Schnucks retail breach. But attorney Dan Mitchell says this case shows why more companies need cyber-insurance.
A low-tech card fraud scheme, which involves covering merchants' satellite dishes with aluminum foil, proves blocking payment transmissions can be just as damaging as intercepting them.
Although skimming attacks are still the greatest ATM fraud concern, experts warn that a new malware strain that targeted ATMs in Mexico may signal a shift and raises questions about software and operating system vulnerabilities.
Banking institutions and merchants are fighting back against cyber-attacks by sharing information and assisting law enforcement investigations, says Julie Conroy of Aite, which has issued a report about account takeover and cyberfraud trends.
Vermont's $30,000 settlement with a breached retailer proves states can play an important role in holding retailers more accountable for losses associated with card fraud, and issuers should take notice, one banker says.
In the wake of an ongoing stream of merchant and payment processing breaches, the FDIC is reminding smaller banking institutions that they are ultimately responsible for ensuring the security of cardholder data.
Mitigating card risks associated with retail malware attacks and POS vulnerabilities is a focus of updates to the PCI Data Security Standard, say Bob Russo and Troy Leach of the PCI Security Standards Council.
Over 90% of Top 100 iOS and Android apps have been found as hacked versions proving that mobile financial apps can easily be cracked open, modified, and exploited by hackers. This requires enterprises to proactively incorporate application security measures that protect the integrity of their mobile apps out "in the...
The Fraud Summit, to be held Oct. 22, will provide timely insights on top trends and strategies for mitigating risk. A keynote address will offer a close look at Chase Bank's anti-fraud strategies.
With the exploding use of mobile devices and BYOD, mobile apps represent a major new threat. This infographic reveals some surprising facts about malicious mobile apps, including where they come from, what they do and what other IT pros are thinking about them. Below are some key highlights:
73% of IT pros expect...
This infographic gives a quick visual representation of some of the key findings of recent Webroot research on web security in the U.S. and UK. As cybercriminals increasingly exploit vulnerabilities in mobile browsers and apps, companies with mobile workforces face new challenges in protecting users and critical data....
Version 3.0 of the Payment Card Industry Data Security Standard, to be released later this year, will include a focus on the standardization of compliance assessments, says Bob Russo of the PCI Security Standards Council.
International markets that have implemented EMV technology are seeing reductions in card fraud, but non-EMV markets are seeing dramatic upticks, says U.K.-based card fraud expert Neira Jones.
Financial institutions conduct more business than ever online, and now encounter an increasing risk of fraudulent transactions throughout the customer lifecycle. The challenge? Balance the need to maintain low fraud rates and cut operational costs with the need to preserve the customer experience. Join Equifax and...
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