A second Russian has pleaded guilty in connection with the largest U.S. hacking scheme, which compromised more than 160 million payment card numbers. But three other alleged conspirators have yet to be arrested.
A Russian hacker who was extradited to the United States earlier this year has admitted his role in the largest hack attack in U.S. history, which resulted in the theft of 160 million payment card numbers. Find out how much time he could spend in prison under his plea agreement.
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.
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.
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.
Although EMV is a far more secure payments technology, it can be exploited for fraud if it's improperly implemented, warns Gartner analyst Avivah Litan. What security lessons must be learned from past EMV deployments?
Is a hackable car defective? The auto industry likens hack attacks to troublemaking. But legislators and regulators are taking a closer look at connected cars and the safety risks posed by software bugs.
A migration of fraud to the card-not-present environment is expected in the wake of EMV. But Fiserv's Manuel Da Silva says banks also have to be worried about fraud upticks in other areas, which are already emerging. He explains how analytics can help institutions mitigate risks.
After Target's $67 million settlement with Visa to reimburse banks for expenses related to the retailer's 2013 breach, MasterCard confirms it is weighing a new deal. Will settlements derail a pending lawsuit against the retail giant?
Visa and Target have reached an agreement that reportedly will reimburse card issuers a total of up to $67 million for fraud losses and expenses tied to the retailer's 2013 breach, which exposed some 40 million payment cards.
Security is a busy sector: Symantec jettisoned Veritas, Zscaler became a "unicorn" after its most recent funding round, and we have other M&A news from Cisco, Fidelity National Information Services and Proofpoint.
In June 2012, restaurant chain Penn Station was among the first retailers hit by a POS breach linked to malware. Here, in an exclusive interview, President Craig Dunaway discusses the lasting impact of the breach.
Neiman Marcus has asked a federal court to reconsider its decision to allow a consumer class-action suit to go to trial. If the retailer fails, legal experts say, it could mean a costly setback for breached entities.
News that charges were filed last week against two California residents for their alleged roles in the 2011 Michaels crafts stores breach, which involved terminal tampering, is a reminder of how much hackers have improved their techniques in just four years.
The 30-day Cybersecurity Sprint overseen by Federal CIO Tony Scott has crossed the finish line, but in reality, it looks more like a starting gate to a marathon to get the federal government to secure its battered IT.