One in ten eCommerce dollars is declined during payment authorization. Yet up to 70 percent of these orders are placed by legitimate customers who can afford to make the purchase.
The notorious Joker's Stash cybercrime marketplace, which specializes in selling stolen payment card data, has a new listing for 1.3 million credit and debit cards, almost all of which appear to have been issued by Indian banks, reports threat intelligence firm Group-IB.
Click2Gov municipal payment portals for eight U.S. cities were compromised after an apparent vulnerability in the software. More than 20,000 stolen payment card records have turned up in underground markets, says Gemini Advisory.
This week's ISMG Security Report analyzes the cost of business email compromise attacks and the recent arrest of dozens of suspects. Also featured: updates on the easy availability of low-cost hacking tools and the latest payment card fraud trends.
Do criminal organizations prefer to target organizations that hold cyber insurance policies? A ProPublica report suggests that because cyber insurance policyholders are more likely to pay ransoms, they're a more frequent target. But some cybersecurity experts have expressed skepticism.
To explore how credential stuffing attacks and brute force attacks differ, we need to understand what they are and how they operate. Here is a quick summary.
A newly discovered vulnerability in Visa's contactless payment cards could allow fraudsters to bypass payment limits of 30 British pounds ($37) at U.K. banks, according to researchers at Positive Technologies, who claim the vulnerability could be exploited in other countries as well.
Given the massive impact of the Equifax data breach, is the recently announced proposed settlement fair? One consumer advocate calls the money to be paid out by the consumer reporting agency the equivalent of a "parking ticket." Here's an analysis of the settlement's terms.
A powerful parliamentary committee has called on Britain's new prime minister - be it Boris Johnson or Jeremy Hunt - to make a decision "as a matter of priority" about the extent to which telecommunications gear built by Huawei should be used in the nation's 5G network.
George Orwell's "1984" posited a world in which Big Brother monitored us constantly via "telescreens." But thanks to our "smart" AI home assistants - from Google, Amazon and others - we're increasingly installing the monitoring equipment ourselves, and it may "hear" much more than we realize.
Hackers appear to have accessed a new mobile payment app for 7-Eleven customers in Japan, taking about $500,000 from 900 customers over several days. Poor passwords and authentication designs by the company are likely to blame, according to media reports.
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