A massive international operation has resulted in the arrest of 118 people suspected of using stolen card data to buy airline tickets, or using fake tickets, thanks to big data capabilities for combating crime.
Cybercriminals are perfecting the automated systems they use to verify stolen debit and credit card data by exploiting charitable websites. Learn why these sites are so-called soft targets for hackers.
Retailers cannot avoid innovation. Yet, cybercriminals thrive when retailers innovate. What, then, can retailers do to stop cybercriminals from breaching their defenses? Here are three key questions to answer.
The stiff sentence of a cybercriminal for his role in an Internet-based scheme that trafficked in hacked payment card sends a strong message about the serious nature of ID theft. But experts say more tough sentences are needed to deter fraudsters.
Comptroller of the Currency Thomas Curry says "it's only fair" that merchants should be responsible for some of the expenses that result when their systems are breached. Now, security experts consider the implications of his comments.
MasterCard is testing a biometric wristband that authenticates a user's identity for payment card transactions by monitoring their heartbeat. Payment experts weigh in on whether the technology has the potential for widespread use in preventing card fraud.
Poor post-breach communication can cause as much damage to a company's reputation as the cyber-incident itself, says Al Pascual, a senior analyst at Javelin Strategy & Research, who will speak at ISMG's Fraud Summit Dallas.
The developers of the Backoff point-of-sale malware that's infected more than 1,000 U.S. businesses have continued to refine their attack code, including encrypting communications and making the malware tougher to spot or eradicate, researchers say.
The Dutch government this week upheld a 2012 U.S. extradition request for Vladimir Drinkman, who's accused of masterminding the "Shadowcrew" team that hacked Nasdaq, 7-Eleven and others, stealing 160 million cards and causing $300 million in damages.
The debate between leading retail and banking associations over accountability for card fraud has heated up in recent weeks. One retail group now says claims about merchant security and fraud liability have been misstated.
As a result of the Home Depot breach, which compromised 56 million cards, credit unions have spent nearly $60 million dealing with card reissuance and fraud costs, according to the Credit Union National Association.
The developer of CurrentC, a mobile wallet application, has confirmed a breach at its e-mail provider, which has resulted in the compromise of e-mail addresses for those participating in a pilot program or who requested information about it.