Trojans. Harvesters. Mules. They're the backbone of the underground fraud economy, which is "vibrant" and worth billions, according to one international researcher.
And don't be swayed into a false sense of security by the recent indictment of Albert Gonzalez, who is charged with masterminding the Heartland Payment...
Preliminary legal hearings have begun in the class action suit against Heartland Payment Systems, the U.S.-based payments processor that was breached in 2008
More than 30 financial institutions from 22 states have joined the lawsuit against Heartland, which is the largest data breach on record, with a reported 130...
Massachusetts-based retailer TJX says it has agreed to pay $525,000 to settle a putative class action suit from several banks related to the massive security breach that resulted in the theft of more than 45 million credit and debit card numbers.
Prosecutors in New York City have indicted five men from Eastern Europe in a wide-ranging credit card fraud operation that allowed the accused to gain more than $4 million from 95,000 stolen credit card numbers.
The targets are getting bigger, the fraudsters bolder, and we all have a whole lot more at stake to lose.
This is the message from Mary Monahan, Managing Partner and Research Director at Javelin Strategy & Research. In a discussion of current data breach trends, Monahan touches upon:
How breaches in 2009 are...
There have been 356 data breaches so far in 2009, according to the Identity Theft Resource Center (ITRC). And 46 of those breaches have involved financial institutions - up from 34 at this same time last year.
In reviewing these 46 incidents (see interactive map w/details of each breach), one finds goods news and...
Albert Gonzalez - the hacker accused of breaching Heartland Payment Systems - agreed Friday to plead guilty to conspiracy, wire fraud and aggravated identity theft in another high-profile case, the 2005 breach of TJX and other retailers. He will formally make his plea on Sept. 11.
The Heartland Payment Systems and Network Solutions data breaches have thrust the Payment Card Industry Data Security Standard (PCI DSS) into the spotlight, raising the question: Does PCI compliance help in the fight against fraud?
David Taylor, founder of PCI Knowledge Base, recently administered new research on...
The targets are getting bigger, the fraudsters bolder, and we all have a whole lot more at stake to lose.
This is the message from Mary Monahan, Managing Partner and Research Director at Javelin Strategy & Research. In a discussion of current data breach trends, Monahan touches upon:
How breaches in 2009 are...
An unknown number of Radisson Hotel guests in the U.S. and Canada may face credit card fraud in the wake of a data breach announced by the hotel chain this week.
The announcement by federal prosecutors that three hackers have been indicted for the Heartland Payments System breach comes a week before the payments processor faces a judge in federal court over two class actions suits.
In response to the indictments, information security experts say this activity might...
The Department of Justice and federal prosecutors on Monday indicted a Miami, FL man in connection with the biggest credit card data breach on record -- the theft of 130 million card numbers from Heartland Payment Systems, along with two other recent high-profile hacks, Hannaford Brothers and the 7-Eleven data...
Two US banks recently reissued new credit and debit cards to Massachusetts customers after a data breach at an unnamed merchant.
Bank of America and Citigroup both issued replacement cards and notified customers that their account numbers may have been compromised.
The recent data breach at Internet domain administrator and host Network Solutions compromised more than 573,000 credit and debit cardholders and begs the question: What more can be done to secure such systems? The incident also raises new questions about the Payment Card Industry Data Security Standard (PCI).
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