Card-not-present fraud is rising as fraudsters inject malware into e-commerce websites to harvest account information, says Gord Jamieson of Visa. But the artificial intelligence models used to detect this fraud need to be refined to better mitigate this threat, he says.
FINRA, a private organization that helps self-regulate brokerage firms and exchange markets, is warning that fraudsters have recently started creating spoofed websites and domains using members' real names and images in an attempt to steal personal information and credentials.
The U.S. Department of Justice has charged former Uber CSO Joseph Sullivan with obstruction of justice for allegedly covering up the 2016 hack of the ride-sharing service, which compromised sensitive data for 57 million Uber passengers and drivers.
The University of Utah paid a $457,000 ransom to stop a hacker from disclosing data stolen in a July ransomware attack on the network of its College of Social and Behavioral Science.
A federal court's dismissal of a lawsuit filed against medical transcription company Nuance Communications in the wake of a 2017 NotPetya ransomware attack illustrates how contract terms can affect legal outcomes.
Diebold Nixdorf and NCR have issued patches for ATM software vulnerabilities that could enable a hacker with physical access to the devices to commit deposit forgery, according to the Carnegie Mellon University CERT Coordination Center.
Lucifer, a botnet that has been infecting Windows devices with cryptominers and using compromised systems for distributed denial-of-service attacks, now has the ability to compromise Linux-based systems as well, according to Netscout's ATLAS Security Engineering & Response Team.
The latest edition of the ISMG Security Report analyzes why ransomware gangs continue to see bigger payoffs from their ransom-paying victims. Also featured: Lessons learned from Twitter hacking response; security flaw in Amazon's Alexa.
Dozens of suspects have reportedly been arrested in connection with an ATM cash-out scheme that targeted Santander Bank branches in New Jersey, New York and Connecticut.
A data breach affecting the South African branch of credit reporting company Experian exposed information on 24 million consumers and almost 800,000 businesses, according to the South African Banking Risk Information Center. But Experian says no consumer credit or financial information was exposed.
Steve Bannon, the former White House strategist and 2016 campaign manager for President Donald Trump, and three others have been indicted on federal wire fraud and money laundering charges for allegedly fleecing online donors who contributed money to a campaign to build a wall along the U.S. southern border.
Criminals are devising ways to circumvent fraud-fighting measures that use artificial intelligence, says Avivah Litan, a vice president at Gartner Research, who discusses mitigation strategies.
The COVID-19 pandemic is forcing big businesses to rethink their security plans. For example, the National Football League is experimenting with "zero trust" architectures, while Jet Blue is focusing on more frequent risk assessments.
A P2P botnet dubbed "FritzFrog" has breached about 500 SSH servers, infecting universities in the U.S. and Europe and a railway company in an effort to plant cryptomining malware, Guardicore Labs reports. The botnet has also tried to infect banks, medical centers, governmental offices and others.
A recently uncovered cryptomining botnet now also has the capability to steal Amazon Web Services user credentials, according to the security firm Cado.
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