Mark Horwedel of the Merchant Advisory Group says that while U.S. merchants are committed to enhancing payments security, without PINs, chip cards will do little to reduce card fraud.
Over the last 12 months, hackers have enhanced the marketing of high-value stolen data, according to Dell SecureWorks' David Shear, who explains how the underground economy works.
A sophisticated hacking group in Eastern Europe with ties to banking Trojans like Carberp has now been linked to attacks waged against 16 U.S. retailers. Could U.S. banks be the next big targets?
Office supply retailer Staples says nearly 1.2 million payment cards were compromised in a malware attack that was confirmed back in mid-November. Find out how many stores were affected.
Financial transactions on smart phones require layered security that helps outsmart cyberthieves, says Alan Dabbiere, chairman of AirWatch, who describes today's mobile challenges.
Payment solutions provider Charge Anywhere is warning merchants and cardholders of a data breach that may have exposed information related to payment card transactions dating back as far as Nov. 5, 2009.
Who hacked Sony? Not us, say the North Koreans, ending days of silence. As Deloitte becomes the latest victim of the G.O.P. gang that's claimed credit, one thing is certain: Sony won't have to buy the movie rights to this hacking story.
Barring a catastrophic cyberattack in the next few days to motivate legislators to act, don't expect lawmakers to vote on any cybersecurity bill for the remainder of the current Congress.
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.
Staples has confirmed that its retail point-of-sale systems were compromised earlier this year by malware-wielding attackers. Learn what two card issuers say about fraud tied to the breach.
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.
A Postal Service spokesman says its virtual private network did not cause a recent data breach but doesn't rule out the possibility that hackers might have used it to access USPS systems.
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.
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