ATM fraud losses are increasing globally, and we can expect to see this trend continue as the U.S. ramps up its migration to EMV at the point of sale. Unattended terminals are easy to compromise, and they will always be among fraudsters' favorite targets.
Unprecedented levels of collaboration among targeted financial services firms enabled the international law enforcement operation that disrupted the Dridex botnet, security firm Fox-IT says. Now, can that model be repeated going forward?
By identifying abnormal data access behavior, machine learning systems could improve breach prevention and fraud detection in the healthcare arena and other sectors, contends artificial intelligence expert Robert Leithiser.
FBI Director James Comey's declaration that the Obama administration will not pursue legislation to require vendors to create a backdoor that would permit law enforcement to circumvent encryption on mobile devices isn't the end of the matter.
Target - the nation's second-largest discount retailer and best-known data breach poster child - has begun issuing its house-brand REDcards with chip and PIN. The move comes as the majority of card issuers have opted for chip and signature, which some security experts warn is a weaker choice.
An international law enforcement operation - spearheaded by the U.S. FBI and U.K. National Crime Agency - has disrupted the notorious Dridex banking malware and phishing campaign, which has been tied to at least $40 million in losses worldwide.
The future of payments security hinges on a combination of factors, including widespread use of the EMV chip, tokenization and encryption, as well as near real-time payments, says Liz Garner, vice president of the Merchant Advisory Group, a featured speaker at ISMG's Fraud Summit New York on Oct. 20.
Convenience store operators say they aren't going to be fully EMV compliant anytime soon - and it's not their fault. Learn what else they had to say about their security challenges at this week's NACS Show 2015 in Las Vegas.
An alert issued - and then yanked - by the FBI about fraud vulnerabilities linked to EMV chip cards is reigniting the debate between bankers and retailers over whether EMV in the U.S. should be chip-and-PIN or chip-and-signature.
From the advent of the ATM to the introduction of EMV, banking institutions have seen a steady evolution of financial services - and fraud. Howard Trotman of BAE Systems Applied Intelligence discusses the fraud evolution.
NACS attorney Doug Kantor says small businesses are getting a raw deal from the card brands when it comes to expectations for EMV migration. The expense is too high, and the fraud-reduction benefits too low to make EMV worthwhile, he argues.
Less than a year after the United States Postal Service revealed that hackers breached agency computers, many employees continue to click on phishing messages that contain false links, according to an inspector general report.
The shift to the EMV standard in the U.S. has drawn incredible media attention for more than a year as everyone witnesses the approach of the looming liability shift deadline. But what does it really mean for merchants, consumers, and hackers? I say the answer is actually very little, and in as few words as possible,...
One week after the EMV fraud liability shift took effect for U.S. merchants, experts say much more needs to be done to prepare merchants for chargebacks and new socially engineered scams aimed at exploiting consumers.
A cybercrime ring that employed the Angler Exploit Kit to earn an estimated $34 million per year - from ransomware infections alone - has been disrupted by security researchers at Cisco's Talos security intelligence and research group.