Tracing bitcoin transactions, some security experts suspect multiple gangs have each amassed more than $1 billion, making them the equivalent of "unicorns" - a term venture capitalists apply to extremely successful startup firms. In case there was any doubt, cybercrime really does pay.
Slamming a Ukrainian energy provider for recently falling victim to a spear-phishing email and Excel macro attack might be easy. But security experts recommend all organizations use the incident to ensure they won't fall victim to copycat attacks.
Four years after European criminals exploited EMV implementation vulnerabilities to steal an estimated $650,000, security experts say not all banks have adopted full fixes. But the payment card industry contends related mitigations are in place and working.
Adobe is warning Flash users to update their software immediately in the wake of zero-day attacks that can enable attackers to take full control of vulnerable systems. This year, Adobe has patched 316 bugs in Flash. Is it time for the plug-in to die?
Twitter has issued its first-ever alerts to some users that they may have been "targeted by state-sponsored actors." Some cryptographers, software developers and security experts say they have received the alerts.
A U.S. House committee recently passed legislation that's aimed at helping law enforcement bring to justice cybercriminals from other nations who buy and sell payment card data stolen from U.S. citizens. But would it really help the global fight against cybercrime?
Card-not-present fraud now outpaces card-present fraud in the U.S. by a ratio of 3:1, and is up 30 percent globally since 2014. Experts tell why ecommerce sites need to respond with stronger online authentication, tokenization and behavioral analytics.
In this video interview, former Equifax senior vice president Andy Smith examines the types of scams fraudsters are attempting in the wake of the US EMV liability shift, as well as the countermeasures financial institutions can take to derail them.
Fraudsters are increasingly using global brands, including Apple, to fool consumers into providing personal and financial information that can be used to compromise financial accounts. Experts offer insights on the latest trends and how to respond.
Distributed-denial-of-service attacks on banks are more powerful than ever, but we hear less about them than we did three years ago. How have attackers changed their tactics, and why should we be even more concerned about their strikes?
The U.S. Department of Justice has announced charges against nine people suspected of running an international insider-trading and hacking scheme predicated on stealing confidential press releases before publication.
A $46.7 million fraud scheme that hit Ubiquiti Networks Inc. shows the new & improved face of wire fraud - and just how easy it is for cybercriminals to fool employees into helping to pilfer their own enterprises.
The takedown of Gameover Zeus taught law enforcement and banks many lessons, including that Trojans are being used to steal corporate secrets, not just money, says Eward Driehuis of Fox-IT, which investigated the threat actors behind the Trojan.
Bank-owned digital payments network clearXchange is rolling out a real-time payments platform that will be available to 100 million online banking customers. Security experts weigh in on the fraud concerns.