The rise in RFID-based contactless payment cards has led to increased concerns that fraudsters could wirelessly crack cards' secret cryptographic keys. But a team of MIT researchers has debuted defenses against such hack attacks.
The arrests of seven men allegedly linked to a skimming operation that targeted ATMs at retailers, including hotels and gas stations, is yet another indicator that U.S. merchants need to beef up the security of these devices.
A new breach of customer accounts at luxury retailer Neiman Marcus is, once again, putting the spotlight on the vulnerabilities created by relying only on usernames and passwords for online authentication, and the risks posed by storing customer information.
"We never negotiate" might be the expectation whenever law enforcement or government agencies get targeted by criminals or even "cyberterrorists." But outside Hollywood, the reality too often turns out to be far less rigid.
Landry's Inc. now reveals the broad scope of point-of-service malware attacks against its restaurants and other properties dating back to 2014 and 2015. Experts discuss factors that could have contributed to the breaches.
Who's responsible for the 12 percent uptick in financial fraud losses absorbed by U.S. banks? The American Bankers Association points to retail breaches. But one observer thinks "the ABA has its head in the sand." Read other reactions to the ABA's fraud report.
Sometimes language barriers can be a good thing: Many malware-wielding cybercriminals have historically targeted users in North America and Europe over Japan, owing to linguistic challenges. But that's changing.
Retailers have been at the center of high-profile breaches and an ongoing debate with banking institutions. But Brian Engle of the Retail Cyber Intelligence Sharing Center says cross-industry collaboration is helping retailers improve cybersecurity.
The U.S. government's intrusion detection and prevention program known as Einstein has limited ability to detect breaches of federal information systems, according to a new Government Accountability Office report.
Financial losses tied to fraud against bank accounts increased about 12 percent from 2012 to 2014, but banks are not to blame. To the contrary, the ABA argues that banks are actually making significant strides in their fraud prevention efforts.
Congressman Will Hurd has a simple request for U.S. government agencies: Have you been using vulnerable Juniper Networks devices? But Congress needs to consider tougher questions about its culpability in this backdoor debacle.
Global restaurant chain Wendy's is investigating a suspected data breach following fraud patterns tied to credit and debit cards used at some of its locations. Two card issuers confirm that they've seen signs of related fraud in some U.S. regions.
Cybercriminals are in mourning after the shocking announcement from Oracle that it will deep-six its beloved Java Web browser plug-in technology, owing to browser makers failing to support "standards based" plug-ins.
New security technologies don't keep fraudsters from stealing money; they just cause them to shift to new methods, says Jodi Selby of Bankers Trust. In this video interview, she offers a case study on how to best respond to evolving fraud schemes.