The number of debit cards compromised after the hacking of ATMs or point-of-sale devices rose by 70 percent in 2016 versus a year prior, according to FICO. What are the causes of the spike?
Amidst the increasing security chaos facing individuals and organizations, one of the dominant themes at this year's RSA Conference was the need for information security professionals to do more, bringing order to enterprise IT security as well as by influencing public policy.
A discussion on how the understanding of epidemiology, immunology and genetic research processes can help developers create methods to secure information systems leads the latest episode of the ISMG Security Report. Also featured: insights on strengthening ATM defenses.
The American Bankers Association has started collecting more detailed information on attacks against ATMs in hopes of improving the industry's preparedness.
This edition of the ISMG Security Report debunks recent reports suggesting that Austrian hotel guests were locked into - and out of - their rooms by ransomware. Also, would a cybersecurity executive order from U.S. President Donald Trump advance the nation's existing efforts?
Facebook is aiming to make account recovery and password resets more secure with a new, updated approach that eliminates outdated weaknesses such as emailed reset links, SMS messages and security questions.
Three Eastern European men have been sentenced to five years in prison for their roles in helping a criminal gang steal $2.7 million from First Commercial Bank ATMs in Taiwan. Europol says two others involved in the thefts have been arrested in cooperation with Belarus and Romanian authorities.
An overlooked security setting on Twitter may have allowed a hacker to guess the password-reset email addresses tied to accounts used by President Donald Trump, first lady Melania Trump, Vice President Mike Pence plus a top adviser. What's the risk?
Malware designed to get ATMs to spit out their cash - advanced when it first debuted - has been upgraded, according to a report from FireEye. Now, the Ploutus-D malware talks to legitimate ATM middleware, enabling it to target machines from 40 vendors. What does this mean for financial institutions?
Localized skimming attacks, whether waged against ATMs or self-service gas pumps, continue to wreak havoc on banks and credit unions. And we're likely to see an uptick in 2017 as fraudsters ramp up their efforts to cash in.
A just-issued report from President Obama's Commission on Enhancing National Cybersecurity outlines challenges the next administration should address. Observations from one of the panel's commissioners highlight the latest episode of the ISMG Security Report.
Visa and MasterCard have pushed back their EMV fraud liability shift date for U.S. pay-at-the-pump gas terminals from October 2017 to October 2020. They made the right decision, given the relatively low rates of card fraud at gas pumps.
Why are ATMs a top target for fraudsters? In an interview, Shirley Inscoe, a financial fraud expert and analyst at Aite Group, offers insights based on a new study and predicts the surge in skimming will continue next year.
Local police are investigating ATM skimming attacks at four New York hospitals. Security experts warn that fraudsters will likely continue to target locations, including hospitals, where ATMs are not closely monitored and around-the-clock access to the terminals is available.
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