Citing concerns about identity theft risks, a new GAO report urges the Centers for Medicare and Medicaid Services to step up its efforts to remove Social Security numbers from Medicare beneficiaries' ID cards.
The average insider scheme lasts 32 months before it's detected, says threat researcher Jason Clark, who suggests using a combination of the right technologies and the right processes is the key to improving detection.
Our inaugural Fraud Summit on Oct. 22 at the Meadowlands in New Jersey will feature an impressive lineup of information security leaders offering timely insights about practical risk mitigation strategies.
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.
Financial institutions will always be threatened by fraud. Security protocols, fraud and AML prevention and detection techniques must continue to keep pace with potential criminal activity. With millions of dollars and reputational risk at stake, the imperative is there in order to achieve peace of mind.
Russian authorities have reportedly arrested a man believed to be the author of the Blackhole exploit kit, widely used by cybercriminals to exploit vulnerabilities in Web browsers and other software to infect user computers with malware.
Face-to-face and over-the-phone social-engineering schemes are increasingly used to perpetrate fraud, highlighting the need for more education and real-time transaction monitoring, says Gartner's Avivah Litan.
Organizations in all sectors should take steps now to avoid security and operational risks associated with Microsoft's plans to discontinue support of the Windows XP operating system next year, security experts say.
Five years ago, life was much easier for security professionals. They could collectively focus on compliance and deploy mature controls like firewalls and anti-virus to defend against largely unsophisticated attackers. Security professionals now face much more sophisticated adversaries and tactics. This new
This leading U.S.-based utility is consistently under regular attack from advanced malware. Its existing endpoint protection product was detecting and eliminating some threats. However, the recurrence frequency and unexplained
network activity indicated that it wasn't providing a view of the
full infection, nor...