New research shows consumers believe online purchases are more secure than those made at bricks-and-mortar retailers. Researcher Shirley Inscoe of Aite explains why misconceptions about card fraud should be worrisome to banks.
Treasury Secretary Jacob Lew this week took the precedent-setting step of publicly addressing the financial system's cybersecurity shortcomings. Learn why one expert says this could represent a policy shift for the Treasury Department.
Federal authorities say the successful prosecution of a member of an international cybercrime ring proves progress is being made in shuttering ATM cash-out schemes. But some experts say processors and prepaid cards will continue to be targeted by attackers.
Recent high-profile retail breaches could help increase interest in the adoption of mobile payments to lessen the likeliness of fraud at the point of sale, says Aite Group analyst Thad Peterson.
For six months, cyber-attackers breached the credit card payment system at a Houston hotel. One security expert says it's too soon to tell if the incident is related to other recent retail breaches.
With the Senate Intelligence Committee overwhelmingly approving the Cybersecurity Information Security Management Act, common wisdom dictates the bill will head directly to the Senate floor. Not so fast.
More than three years after he was indicted, an alleged hacker accused of breaking into point-of-sale systems at retailers throughout the nation has been arrested by the U.S. Secret Service.
Bob Russo, long-time general manager of the PCI Council, will retire at the end of the year. Stephen Orfei, his replacement, will take the helm in September. Security experts analyze the potential impact of the change.
A Tampa, Fla., woman has been sentenced to seven years in prison for her role in a fraud scheme that compromised 4,000 payment card numbers and led to an estimated loss of $650,000.
The "Bolware" malware gang has used Web injection and "man-in-the-browser" techniques to steal up to $3.75 billion. The attack campaign demonstrates how easily attackers anywhere in the world can commit browser-based fraud.
P.F. Chang's has issued an update to customers, saying its data breach was the work of a "highly sophisticated" gang, and that forensics experts continue to investigate the full extent of the breach.
A remote-access attack on a POS vendor may have resulted in the exposure of payment card transactions conducted at at restaurants throughout the northwestern U.S.
A class action suit against breached restaurant chain P.F. Chang's China Bistro is unlikely to succeed, some security experts say, because proving consumer losses linked to specific merchant data breaches is difficult.
A credit card breach at six Splash Car Wash locations in Connecticut involved malware that compromised the company's credit card systems. Two security experts offer analysis of the incident.
Global payment card fraud levels have remained stable, demonstrating that today's security measures - such as EMV - merely drive criminals to focus on other geographies or types of card transactions.
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