Wells Fargo will pay $185 million in fines over employees illegally subscribing customers to banking products they didn't request - creating 2 million ghost accounts in the process - in what appears to be one of the largest cases of identity theft ever recorded.
A former administrative worker at a Florida pediatric practice has been indicted in federal court along with two others for alleged identity theft and fraud crimes involving stolen patient information. But why didn't prosecutors file HIPAA-related criminal charges?
While hackers and ransomware attacks have been hogging the spotlight lately, regulators are warning healthcare entities and their business associates not to underestimate the serious security and privacy threats that insiders can pose.
Bank of the West's new approach to the insider threat is focused less on detection, more on preventing fraud in the first place. David Pollino tells why a "noisy" insider fraud program is more effective than covertly monitoring employee activity.
Reacting to strong complaints from retailers, three major card brands have finally taken steps toward reducing the amount of counterfeit fraud chargebacks to U.S. merchants, which began as a result of the EMV fraud liability shift last October. But was the action by the brands bold enough?
A report that the Russian government hacked into Democratic National Committee systems has security experts warning that just because malware was found on a hacked network, that doesn't mean a specific individual, group or nation-state was involved.
The $1 million penalty that the SEC imposed on Morgan Stanley for its failure to prevent a former employee from compromising 730,000 client accounts is too low to send a strong message to financial services firms about the need for stronger cybersecurity and internal fraud controls, security experts say.
A criminal case against an engineer who allegedly stole trade secrets while he worked at two medical device companies highlights yet again the need to prioritize the protection of intellectual property. The indictment comes just weeks after Epic Systems was awarded $940 million in another trade secrets theft case.
Ransomware, regulations, botnets, information sharing and policing strategies were just some of the topics that dominated the "International Conference on Big Data in Cyber Security" hosted by Edinburgh Napier University in Scotland.
Close on the heels of the QNB leak, the same attackers have published data that appears to be from UAE-based InvestBank. The dump appears to contain payment card data, as well as a large number of sensitive, internal files relating to the bank's employees and systems.
In the aftermath of a media maelstrom surrounding an alleged hack, the IRCTC flatly denies any compromise, but it's anxious to verify data in police possession, which the authorities apparently have still not shared. Here's the full lowdown.
The Pakistan National Assembly has approved the cybercrime bill under the Prevention of Electronic Crimes Act, 2015. It is a positive move, but given the challenges of execution, there is still far to go in ensuring a cybersecure ecosystem.