Neiman Marcus has asked a federal court to reconsider its decision to allow a consumer class-action suit to go to trial. If the retailer fails, legal experts say, it could mean a costly setback for breached entities.
The prices for stolen payment card data and other cybercrime products and services on Russian underground forums continue to fall. But the cybercrime ecosystem is more automated, effective and robust than ever, Trend Micro reports.
Visa's Eduardo Perez says one of the key merchant vulnerabilities his company is most concerned about is weak remote-access controls for point-of-sale systems and devices. He offers risk mitigation advice in this exclusive interview.
A new study finds an increase in incidents of cyber fraud in the banking sector, as banks and customers rely more on mobile technology. India's security leaders respond to the findings and offer practical advice.
MasterCard is testing a smartphone app that lets users approve online transactions using facial recognition, via the equivalent of taking a selfie. But could such technology be spoofed, and will it reduce card fraud?
Trump Hotel Properties confirms it is investigating reports of card fraud tied to multiple hotels. Numerous hotels, restaurants and retailers continue to report breaches, stemming from POS malware infections.
The Big Data explosion will expand in volume, velocity and variety. Analytics are key to deriving insights from this data, particularly in cybersecurity and anti-fraud, says Dominic Ligot of Teradata Philippines.
Chris Feeney, recently named president of BITS, the technology and policy division of the Financial Services Roundtable, describes his top cybersecurity priorities, including helping members deal with insider threats.
Bank-owned digital payments network clearXchange is rolling out a real-time payments platform that will be available to 100 million online banking customers. Security experts weigh in on the fraud concerns.
India's burgeoning mobile penetration has led to a massive uptake in app usage. Frenetic development to meet demand has found security ignored. Dhananjay Rokde discusses how this ecosystem functions today.
Wipro has developed a fraud detection model for improved risk management using big data analytics. Can CISOs leverage it to reduce risk, enhance process efficiency and refine fraud detection algorithms?
It's still early days for mobile e-commerce in India, but with the quantum of users increasing exponentially, HDFC Bank's new mobile payments platform may be the direction in which the industry is headed.