Upticks in point-of-sale fraud and surges in ATM skimming are hitting community banks hard, Doug Johnson of the American Bankers Association says in this video interview. Why are smaller institutions feeling the pain?
Revelation of 321 attempts to place ransomware on federal government computers in the second half of last year raises a number of questions about the effectiveness of the Einstein intrusion detection and prevention system as well as how the government responds to such attacks.
By spring, banks and credit unions across the U.S. are expected to start rolling out "card-free" ATMs, offering transactions that experts say will eliminate fraud losses linked to skimming, and at the same time open new doors for mobile payments.
Hong Kong toymaker VTech has revised its end-user license agreement to make clear that it can't be held legally responsible for any data breaches. Many security experts have reacted with fury. But is VTech's move unusual?
The arrests of seven men allegedly linked to a skimming operation that targeted ATMs at retailers, including hotels and gas stations, is yet another indicator that U.S. merchants need to beef up the security of these devices.
The takedown of an Eastern European gang believed to have been responsible for a string of ATM jackpotting attacks serves as a reminder of why ATMs running outdated operating systems and universal access keys pose significant worldwide security risks.
Passage of cyberthreat information-sharing legislation could hinge on how the measure is presented to Congress, and its fate could be tied to a massive omnibus appropriations bill to fund the federal government for the remainder of fiscal 2016.
As U.S. merchants shore up physical point-of-sale security by upgrading their terminals to accept EMV chip cards, attackers are turning their aim toward new, unattended targets. Here's the latest on how to respond to "shimming" attacks.
ATM fraud losses are increasing globally, and we can expect to see this trend continue as the U.S. ramps up its migration to EMV at the point of sale. Unattended terminals are easy to compromise, and they will always be among fraudsters' favorite targets.
Security experts warn about a trio of new threats: GreenDispenser cash-out malware, the Shifu banking Trojan being spread via malvertising attacks and Neutrino crimeware getting an upgrade to steal payment-card data.
Adjusting risk management strategies in the aftermath of the newly discovered hacker attack on Excellus BlueCross BlueShield, as well as other recent massive cyber-attacks, will be among the hot topics discussed at the Healthcare Information Security Summit in San Francisco on Sept. 17.
A new security alert from NCR Corp. warns that ATM skimming attacks in the U.S. are on an upswing. And as EMV migration efforts ramp up, experts say banks and credit unions can expect these attacks to continue to increase. But what can be done to mitigate the risk?
In an exclusive interview, Sergey Golonvanov, a threat researcher at Kaspersky Lab, offers insights about the Russian cybercrime ring that over the weekend made headlines for defrauding banks of up to $1 billion.