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.
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.
Financial Institutions already apply out-of-band security in many instances. The challenge is: How do we help protect payment cards when they are used at any number of online and brick-and-mortar retailers?
Banking experts say the Retail Industry Leader Association's launch of a cyberthreat information sharing initiative is a good first step toward thwarting breaches, but it should build on the models used by other industries.
eBay is urging its 145 million customers to change their passwords following a cyber-attack on a company database that compromised encrypted passwords and other personal information. Learn how and when the attack originated.
High-profile retail breaches, such as the one suffered by Target Corp., could spur more merchants to promote increased use of mobile payments to boost security, says Thad Peterson, a new analyst at Aite Group.
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.