LifeLock says it has reached a tentative agreement on a settlement with the FTC regarding alleged information security shortcomings and other issues. It says it's also reached agreement on a proposed settlement of a related consumer class action lawsuit. The stock market reacted favorably to the announcements.
While sophisticated cyberattacks and high-profile mega-breaches get most of the attention, European fraud experts say less sophisticated attacks are far more common and pose a greater fraud risk. At ISMG's Fraud Summit in London, they called for global collaboration to fight fraud.
HP has agreed to sell its intrusion detection and prevention software unit TippingPoint to security vendor Trend Micro for $300 million. But analysts say Trend Micro faces stiff breach detection and incident response competition.
Someone green-light this drama: Sony, after suffering a massive data breach that led to the leak of personal information and embarrassing corporate emails, has agreed to a data-breach settlement worth up to $8 million.
Bob Carr, CEO of Heartland Payment Systems, contends that not enough progress has been made in improving payments security in the seven years since the processor experienced a massive breach. Find out why he argues that retailers and processors still have much more to do.
European criminals combined cannibalized EMV chips from stolen cards with miniature microprocessors to build fake payment cards that defeated POS security checks, enabling them to steal as much as $680,000, French researchers say.
The size of the information security analyst workforce in the United States rose by nearly 20 percent in the past year, according to an Information Security Media Group analysis of U.S. Bureau of Labor Statistics data.
Attributing cybercrime to specific criminals is becoming increasingly critical, says Eward Driehuis of threat intelligence firm Fox-IT. Using the elusive Dridex campaign as an example, Driehuis explains in this video interview how many malware attacks are interconnected.
Apple has removed hundreds of apps from its App Store for violating its user-tracking guidelines. Chinese mobile advertising firm Youmi has issued "sincere apologies" for the tracking behavior and promised to compensate affected developers.
ATM fraud losses are increasing globally, and we can expect to see this trend continue as the U.S. ramps up its migration to EMV at the point of sale. Unattended terminals are easy to compromise, and they will always be among fraudsters' favorite targets.
Unprecedented levels of collaboration among targeted financial services firms enabled the international law enforcement operation that disrupted the Dridex botnet, security firm Fox-IT says. Now, can that model be repeated going forward?