FBI Special Agent Charles Gunther says collaboration with FinCEN, international law enforcement and U.S. banks has helped the FBI recover millions of funds stolen from customers via emerging wire fraud schemes.
Drawn by the potential for low risk and high reward, criminals worldwide are increasingly pursuing online crime instead of conventional forms of property crime, such as burglary and robbery, warns cybersecurity expert Alan Woodward.
The U.S. payments infrastructure will come up far short of completing the rollout of EMV technology by the Oct. 1 fraud liability shift date. Experts say high costs, a perceived lack of consumer demand and doubts about EMV's ability to significantly reduce card fraud are to blame.
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.
The urgency of shifting to EMV to reduce card fraud is one of many hot topics on the agenda at Information Security Media Group's Fraud Summit San Francisco, to be held Sept. 15. Keynoter Eduardo Perez of Visa will kick things off with an in-depth analysis of the migration to EMV.
A Latvian hacker's guilty plea for the role he played in enhancing the Gozi Trojan, and reports of other new malware-related arrests, are promising developments in the international fight against cybercrime. Security experts, including Gartner's Avivah Litan, weigh in on the long-term impact.
The gang behind the Carbanak banking malware - tied to $1 billion in fraud - has changed tactics, using upgraded malware via spear-phishing attacks, a security expert warns. Separately, a new banking Trojan called Shifu has been targeting Japanese banking customers.
If there's one thing federal regulators want to drill into the heads of covered entities and business associates about data breach prevention, it's this: Stop procrastinating, and conduct a risk analysis and encrypt most of your computing devices right away.
BlackBerry plans to buy mobile device management rival Good Technology for $425 million. BlackBerry must prep for a future in which it no longer manufactures hardware - and that's why this deal makes sense.
Match.com suspended all advertising on its U.K. site after discovering that one of its third-party advertising provider's networks had been infiltrated by a malware-serving campaign. The incident follows U.K. dating site Plenty of Fish recently falling victim to a similar campaign.
Policymakers must consider three factors before imposing sanctions in retaliation for state-backed hacks: Confidence in its attribution of responsibility, the impact of the incident and the levers of national power at a state's disposal.
Information security experts offer two timely Apple iOS device reminders: First, never jailbreak the devices. Second, enterprise security managers must ensure that they ruthlessly block any jailbroken devices from accessing corporate networks because they pose a security risk.
Former U.S. Secret Service agent Shaun W. Bridges has pleaded guilty to stealing $820,000 worth of bitcoins during the U.S. government's investigation into the underground narcotics marketplace known as "Silk Road."
The bad news is that the new KeyRaider malware has so far compromised more than 225,000 Apple accounts worldwide. The good news, according to Ryan Olson of Palo Alto Networks, is that only modified, or "jailbroken," ioS devices are at risk.