Security researchers say the international takedown of the Gameover Zeus botnet and servers for CryptoLocker ransomware will have a positive short-term impact, but they warn the threats could quickly re-emerge unless key steps are taken.
Law enforcement agencies worldwide took part in a coordinated operation to disrupt the Gameover Zeus botnet and seize computer servers crucial to the CryptoLocker ransomware. A Russian citizen has been indicted in connection with the crackdown.
A key challenge in mitigating cyber-risks is differentiating new malware threats from older ones. Experts offer insights on how to sort through the massive number of alerts issued by vendors to identify the real threats that require attention.
Fortinet and Palo Alto Networks have co-founded a cybersecurity consortium with the goal of sharing threat intelligence among member organizations. Learn about the group's other goals.
MasterCard is officially extending its zero-liability policy to U.S. consumers victimized by fraud perpetrated through PIN-based debit and ATM transactions. But some card issuers say this is merely formalizing protections they already offer.
Bulgarian and French law enforcement authorities made 11 arrests in an effort to take down a Bulgarian organized crime network suspected of conducting an electronic payment fraud and currency counterfeiting operation.
MasterCard is extending its zero-liability policy for U.S. consumers who are victims of fraud to include all PIN-based and ATM transactions. The company is also offering all cardholders in the U.S. identity theft resolution assistance.
Mobile banking and remote deposit services have fueled a resurgence in "sweetheart" bank fraud schemes. These attacks point to the need for better cross-channel fraud detection and customer education.
A new type of POS malware known as Nemanja has been linked to retail compromises in nearly 40 countries, but researchers say it's just one of many strains likely to be identified in the coming weeks.
Ransomware attacks are on the rise, and mobile banking applications are the newest targets. Security experts offer risk mitigation advice for banking institutions and their customers.
The arrests of more than 90 individuals for their alleged involvement in the use of BlackShades malware is a sign of progress in the global fight against cybercrime, but some experts question whether the crackdown will serve as a fraud deterrent.
A $15 million check-kiting scheme flew under the radar of leading banking institutions for more than three years. Experts analyze why check fraud schemes such as this one continue to pose a threat.
More than 90 individuals have been arrested for their alleged involvement in the creation, distribution and use of BlackShades malware. The two-day roundup operation took place in 16 countries.
Fighting fraud tied to synthetic identities requires revamping the credit infrastructure to improve detection of fraudsters' activities, says risk management specialist Richard Parry.
Security executives who attended ISMG's Fraud Summit Chicago said they see a growing need for sharing more cyber-intelligence with community banks and credit unions. But how else could smaller institutions improve their fraud-fighting efforts?
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