A breach that apparently began on Black Friday may have exposed millions of credit and debit cards used to conduct transactions at Target retail stores, two major U.S. card issuers tell Information Security Media Group.
Federal authorities in New York have charged 23 individuals for the roles they allegedly played in a $2 million counterfeit payment card scheme. Cooperation between retailers and law enforcement was vital to the takedown.
Chase says hackers compromised servers for the bank's UCard Center website for prepaid card accountholders, potentially exposing card numbers. The bank is not reissuing cards, but it's offering free credit monitoring.
Federal investigators announced five more arrests this week in connection with a $45 million ATM cash-out and prepaid card fraud scheme. Learn why experts expect these types of crimes to become even more common.
Financial institutions and businesses in other sectors must continually collect information about their online customers to ensure stronger authentication, says Avivah Litan, a fraud expert and analyst for the consultancy Gartner.
The breach of a card loyalty marketing company has reignited discussions about the roles banking institutions, regulators and others play when it comes to mitigating third-party risks. Where should the buck stop?
New payment card security standards issued by the PCI Council include a number of improvements, plus some glaring omissions, such as requirements for mobile, security experts say. What are their chief concerns?
A recent ATM fraud scheme that targeted banks in three states illustrates just how sophisticated ATM attacks have become, experts say. Learn how fraudsters are increasingly keeping their skimming schemes concealed.
New requirements to mitigate payment card risks posed by third parties, such as cloud providers and payment processors, are a focal point of the PCI Security Standards Council's updated data security standard.
Using "synthetic identities" to commit fraud is becoming easier, but it's increasingly difficult for organizations to detect this type of deception, says Claudel Chery of the U.S. Postal Inspection Service.