Target Corp. confirms that a network intrusion may have exposed approximately 40 million debit and credit accounts. An investigation of the national big box retailer's breach is under way.
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.
A new takeover scam that the FBI calls a "man-in-the-e-mail" attack has drained $1.65 million from three Seattle-area businesses' accounts. Learn what steps to take to avoid becoming the next victim.
ATM cash-outs and card-skimming schemes are getting more difficult to detect because today's attacks are global, coordinated and sophisticated, says ATM security expert Chuck Somers.
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?
The breach of a card loyalty marketing company that exposed card data and other personally identifiable information illustrates the privacy vulnerabilities third parties pose, experts say.
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.
Information Security Media Group is offering a growing list of fraud-fighting educational opportunities, including videos of presentations at its recent Fraud Summit plus a series of 2014 summits.
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.
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