While details surrounding a suspected breach at Michaels remain unclear, two U.S. card issuers say they believe the retailer was targeted by point-of-sale malware similar to what compromised Target and Neiman Marcus.
The primary developer and distributor of SpyEye malware, which steals online banking credentials and credit card information, has pleaded guilty to conspiracy to commit wire and bank fraud.
The takedown of a counterfeit payment card website was enabled by collaboration between the FBI and the United States Postal Inspection Service. Learn why experts say more of this kind of dual-agency work is needed.
Well-organized cybercriminals operate in powerful networks that allow them to attack thousands of online businesses using an efficient and scalable model. Hackers steal millions of credit cards and identity data to be sold to fraud rings. Using proxies and VPN, the fraud rings launch global fraud attacks from anywhere...
U.S. and international law enforcement agents have arrested several individuals for their alleged roles in operating websites that sold customers the compromised passwords to e-mail accounts.
Luxury retailer Neiman Marcus acknowledges a breach of its payments system dating back to July 2013 may have exposed more than 1 million credit and debit cards.
When did the Neiman Marcus data breach occur? The retailer says it may have begun last July, but banking and fraud experts point to evidence that suggests the breach actually may have occurred a year ago.
Germany's Federal Office for Information Security is encouraging Internet users to utilize an online tool to verify whether they were among the 16 million individuals whose personal information has been compromised for purposes of identity theft.
To avoid the risk of staff using social media to communicate about patients, healthcare organizations need to offer more secure alternatives, says security and privacy expert Andrew Hicks.
Evidence is mounting that the breaches reported by Target and Neiman Marcus are part of a wider assault against U.S. retailers. Meanwhile, payment card-issuing institutions say they're taking proactive steps to keep fraud at bay.
Credit card details for 20 million South Koreans were allegedly compromised following the breaches of three local credit card firms. An arrest has been made in the case.
Technology is the biggest challenge to ethics and compliance in organizations today, says Deloitte's Keith Darcy. "We have the capacity to do things before we ever consider the ethical consequences ..."
Dan Clements of IntelCrawler, the research firm that claims it traced malware apparently used in the Target breach and other retailer attacks to a 17-year-old hacker in Russia, offers an exclusive, in-depth explanation of his company's findings.
Investigations and lawsuits are piling up for breached retailers Target Corp. and Neiman Marcus. Meanwhile, card-issuing banks say fraud patterns may reveal additional breaches at other well-known brands.
Banks can significantly reduce their levels of bad debt and collections expenses by specifically targeting first-party fraud. Advanced network analytics with real-time screening is the key to early detection and prevention of risk threats before they result in large losses.
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