Some 3.2 million Indian debit cards may have been compromised, according to the National Payments Council of India. While investigations are ongoing and several banks have reissued at-risk cards, the source of the card exposure has not been officially confirmed.
When it comes to describing the top fraud threats to UK financial institutions, it's all about compromised identities and credentials, says John Marsden of Equifax. How can organisations prove their customers are who they say they are?
As U.S. ATM operators face MasterCard's Oct. 21 EMV liability shift deadline, a surge in explosive attacks against European ATMs is a reminder that anti-fraud features won't block all money machine crime.
A malware-wielding gang has been targeting financial firms' SWIFT software to inject fraudulent money-moving messages since at least January in "discreet campaigns" not tied to the Bangladesh Bank hack, Symantec warns.
Fashion accessories retailer Vera Bradley says its payments processing system was compromised by a malware attack. The retailer says card transactions conducted between July 25 and Sept. 23 at some of its 35 locations may have been affected.
A Michigan credit union's bold move to block members from using their payment cards at all Wendy's locations following a malware attack won't do much to stop fraud. But it does send a strong message that the financial institution doesn't think Wendy's has done enough in its efforts to protect customers.
Want to build a cybercrime empire predicated on selling stolen payment card data? Here's how carder forum Vendetta Network blends outsourcing, partnerships and best-of-breed tools to maximize profits while minimizing risk.
In the wake of this week's rollout by NACHA, The Electronic Payments Association, of same-day ACH payments in the U.S., fraud departments at originating and receiving banks should be bracing for the new risks posed by faster payments, says NACHA's Jane Larimer, who offers insights on steps to take.
As the U.S. ramps up its migration to EMV chip payments over the next three to five years, fraudsters will shift their attention to mobile wallets, says Al Pascual of Javelin Strategy & Research, who describes why in this video interview.
Don't leap to conclusions on the basis of a new report that suggests Yahoo is preparing to warn the world that it was hacked and lost hundreds of millions of users' account credentials. Someone may simply have harvested passwords reused on other sites.
FBI Director James Comey, Facebook CEO Mark Zuckerberg and security expert Mikko Hypponen all advocate covering up your webcam as a cheap and no-brainer defense against everything from unscrupulous competitors to sextortionists.
To help financial institutions better spot attempted fraud, the SWIFT interbank messaging network plans to begin offering voluntary "daily validation reports" to customers to flag unexpected senders, recipients or payments as well as unusually large payments.