An alert issued - and then yanked - by the FBI about fraud vulnerabilities linked to EMV chip cards is reigniting the debate between bankers and retailers over whether EMV in the U.S. should be chip-and-PIN or chip-and-signature.
NACS attorney Doug Kantor says small businesses are getting a raw deal from the card brands when it comes to expectations for EMV migration. The expense is too high, and the fraud-reduction benefits too low to make EMV worthwhile, he argues.
Less than a year after the United States Postal Service revealed that hackers breached agency computers, many employees continue to click on phishing messages that contain false links, according to an inspector general report.
The shift to the EMV standard in the U.S. has drawn incredible media attention for more than a year as everyone witnesses the approach of the looming liability shift deadline. But what does it really mean for merchants, consumers, and hackers? I say the answer is actually very little, and in as few words as possible,...
One week after the EMV fraud liability shift took effect for U.S. merchants, experts say much more needs to be done to prepare merchants for chargebacks and new socially engineered scams aimed at exploiting consumers.
A cybercrime ring that employed the Angler Exploit Kit to earn an estimated $34 million per year - from ransomware infections alone - has been disrupted by security researchers at Cisco's Talos security intelligence and research group.
Prosecutors recommended that twin brothers Muneeb and Sohaib Akhter serve a six-year and a two-year sentence, respectively, after pleading guilty to hacking-related charges. But one of the men received a much lighter sentence.
As a result of Experian's data breach, 15 million T-Mobile subscribers are at risk from phishing attacks and fraud. But it's not clear what more T-Mobile can do to protect breach victims, says security specialist Mark James.
In the wake of the Oct. 1 EMV fraud liability shift date, U.S. merchants can expect to pay for counterfeit fraud losses previously absorbed by European issuers, says Jeremy King of the PCI Council. Longer-term, he expects European banks will experience more fraud as U.S. POS and card security leapfrogs other markets.
A Russian cybercriminal who used the Citadel banking Trojan to infect at least 7,000 PCs has received a 4.5 year jail sentence. Authorities tracked him in part thanks to his posts to a Citadel user group.
Reports that a Linux-based botnet has been lobbing 160 Gbps packet storms highlight how DDoS attacks remain alive and well. Experts also warn that DDoS attackers are mixing Windows and Linux malware and running extortion scams.
Cybercrimnals are now using the Dyre and Dridex banking Trojans to gather massive amounts of data about individuals and companies that could enable them to track patterns of behavior, which might later help them evade intrusion detection, says Fox-IT's Eward Driehuis.
The hotel chain bearing 2016 U.S. presidential candidate Donald Trump's name has confirmed that its point-of-sale systems were malware-infected for more than a year, but it's downplaying the possibility that card data was exfiltrated or used to commit fraud.
The leader of a $24 million identity theft and tax refund fraud ring, which stole data from a military hospital, the Alabama Department of Public Health and others, has been sentenced to serve 15 years in prison. Experts recommend steps organizations can take to prevent such crimes.
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.