Federal authorities have charged a Dutch hacker for the role he played in an elaborate scheme that targeted POS systems and networks to steal credit card details that were later sold on websites for fraudulent purposes.
Global Payments Inc., the breached payments processor, now says the scope of its self-discovered data breach may be broader than initially reported and involve personal data collected from merchant customers.
Why are breaches in the payments arena so difficult to trace and investigate? Verizon breach investigator Dave Ostertag offers insights about the forensics complexities of a processor breach.
Israel's intelligence agency supervises commercial banks' IT systems because they're considered part of the critical national infrastructure, and that's okay with the bankers. See why.
What are the top four malware-related issues that all organizations should focus on this year? Andreas Baumhof of ThreatMetrix shares insights based on five years of malware analysis.
Israel is being blamed - or, perhaps, taking credit - for the creation of Flame, the sophisticated cyberspyware that has targeted organizations in the Middle East, especially its mortal enemy, the government of Iran.
New alerts from Visa and MasterCard suggest the breach at Global Payments dates to January 2011, an exposure window significantly longer than originally reported. What are the implications for card issuers?
How much card fraud can issuers link to the breach at Global Payments? Some sources suggest as many as 7 million payment cards may have been exposed, but how can they be so sure?
In Georgia, a man has pleaded guilty for his role in a $1.3 million phishing scheme. How did Bank of America and Chase help law enforcement agencies crack this alleged international fraud ring?
Which security concerns should institutions be bracing for, as more consumers adopt mobile banking? BITS offers a collection of recommendations from some of the industry's top institutions.
What steps can financial institutions take now to control and enhance the security of mobile banking? Brian Pearce and Amy Johnson of Wells Fargo share some of their bank's strategies.
New advisories from Visa suggest that payments processor Global Payments Inc. may have been breached in June 2011 - nine months earlier than initially reported.
International law enforcement agencies last week touted the takedown of 36 websites that were used to sell stolen debit and credit data for more than 2.5 million accounts. But how much of an impact will the takedown ultimately have on card fraud?
Payments processor First Data warns about an uptick in trolling - hackers sniffing networks for easy access to merchants' point-of-sale systems. What can banks do to help merchants prevent breaches?
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