Vladimir Tsastin, an Estonian national, has been sentenced to serve more than seven years in prison and pay a $2.5 million fine after pleading guilty to running a $14 million click-fraud scheme with more than 4 million victims across 100 countries.
Five new payment card data security requirements for third-party service providers are among the most significant changes included in version 3.2 of the PCI Data Security Standard released April 28, says Troy Leach of the PCI Security Standards Council.
The most important lesson from the lawsuit electronic health records vendor Epic Systems filed against Tata Consultancy Services is that data security controls must extend beyond protecting personally identifiable information to include intellectual property, attorney Ron Raether explains in this audio report.
In an alert to banks, SWIFT warns that it's seen repeat attempts by hackers to subvert its messaging system, which banks around the world use to move money. It's released a "mandatory" software update to help customers identify signs of attack.
A soon-to-be-launched pilot project funded by the National Institute of Standards and Technology aims to provide a potential model for how online access to patient information can be streamlined while boosting security, NIST trusted identities expert Phil Lam explains in this audio interview.
A report that the $81 million Bangladesh Bank heist was linked to customized malware has raised questions about the security of SWIFT transactions. But the more critical issue, fraud experts say, is the need for banks to have proper security controls in place to detect and prevent network intrusions.
The U.S. government is actively disrupting - rather than just monitoring - computer systems, networks and communications technologies used by the jihadi fighters known as ISIS, ISIL or Daesh, according to a news report.
The online heist of $81 million from Bangladesh Bank involved custom malware that hacked the database used by the bank's SWIFT software, allowing attackers to transfer money and hide their tracks, according to BAE Systems Applied Intelligence. SWIFT will issue software updates and security guidance to all customers.
Like last year's breach of the online dating site Ashley Madison - tagline: "Life is Short. Have an Affair." - this year's release of the "Panama Papers" is holding individuals accountable for actions which, if not always illegal, in many cases appear to have at least been unethical.
Prosecutors have expanded a complex case, involving an alleged pump-and-dump stock scheme, hacking into U.S. banks and operating an unlicensed bitcoin exchange, to include money-laundering charges related to processing bitcoin ransoms paid by ransomware victims.
Visa's new plan to help merchants speed checkout times for EMV chip payments sounds good, in theory. But in reality, it isn't likely to have much immediate impact on either speeding EMV adoption or enhancing the user experience.
Two of the hacker masterminds behind the notorious SpyEye malware have each received lengthy prison sentences after pleading guilty to related charges in U.S. federal court. But alleged Zeus creator and accomplice Evginy Bogachev remains at large.
Epic Systems' successful lawsuit against India's Tata Consultancy Services raises many security questions. For example, why did Epic find out about the allegedly inappropriate downloading of trade secrets from an external whistleblower, rather than as a result of internal detection efforts?