Many financial institutions have deployed fraud fusion centers as a way to help mitigate risks. But as fraudsters revamp their techniques, banks need to revamp these centers to keep up, says Jeff Dant of BMO Financial Group, who will speak at ISMG's Virtual Cybersecurity and Fraud Summit: Toronto.
Two Iranian nationals have been charged with participating in a years-long hacking campaign that targeted vulnerable networks in the U.S., Europe and the Middle East to steal "hundreds of terabytes" of data, according to the U.S. Department of Justice.
Dunkin' Brands' settlement with the New York state attorney general of a lawsuit tied to a 5-year-old data breach affecting its Perks rewards cardholders could open the door to suits by other states - as well as customers.
An Instagram post by one of Australia's former prime ministers led to a security researcher finding his passport and phone number due to a coding error in a widely used airline ticketing system. The bug has been fixed, but it's another warning to avoid posting photos of boarding passes.
Stop me if you think you've heard this one before: Some ransomware attackers are hiding attack code in virtual machines or creating new leaking sites to pressure victims into paying.
Federal prosecutors have unsealed indictments charging five Chinese suspects - alleged members of the China-linked APT41 hacking group - with breaching more than 100 companies, government agencies and other organizations around the world.
The hacking group "Pioneer Kitten," which has suspected ties to the Iranian government, is taking advantage of several unpatched vulnerabilities and using open source tools to target U.S. businesses as well as federal government agencies, according to the Cybersecurity and Infrastructure Security Agency.
The Justice Department has unsealed an indictment of two alleged hackers for defacing over 50 U.S. websites in what federal prosecutors call a campaign of retaliation following the death of Iranian Major General Qasem Soleimani earlier this year.
President Donald Trump says TikTok and Oracle are close to making a deal. Don't neglect to read the fine print. While the president has demanded TikTok divest its U.S. operations - preferably to Oracle - because of national security concerns, the Chinese firm is instead offering Oracle a minority stake.
From Friday through Monday, malicious JavaScript skimming code was injected into nearly 2,000 e-commerce sites that were running an older version of Adobe's Magento software, possibly resulting in the theft of payment card data, according to Sanguine Security.
National Guard units are commonly called up to help deal with the aftermath of a natural disaster. And they played a role in responding to the COVID-19 pandemic and civil unrest. But some states are now calling out the National Guard to help safeguard elections from online attacks and interference.
A security incident in which hackers used social engineering techniques to divert Department of Veterans Affairs payments intended for healthcare providers compromised the personal information of 46,000 U.S. veterans.
Fighting payment fraud requires protecting far more than just payment data, says Sujay Vasudevan, vice president of cyber and intelligence solutions at Mastercard, who describe key steps.
As small businesses apply for loan forgiveness under the Paycheck Protection Program, and banks who made the loans on behalf of the Small Business Association investigate whether any were fraudulently obtained, fraud-detection technologies will play a critical role, says Frank Mckenna of Point Predictive.
Stuart Brotman, a digital privacy and cybersecurity adviser, says a "multidimensional approach" to digital privacy protection is required because "law and regulation are not the ultimate solution."
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