With the U.S. accelerating its adoption of the EMV chip, encryption and tokenization, life is going to get tougher for fraudsters, and card-not-present fraud will rise, says PCI Council Director Jeremy King. Regions with poor data security must beware.
New electronic payment methods lead to huge security challenges. Experts suggest initiatives including deploying standard security controls at all levels, mandatory breach disclosure, and sharing best practices to secure gateways.
Hong Kong toymaker VTech has revised its end-user license agreement to make clear that it can't be held legally responsible for any data breaches. Many security experts have reacted with fury. But is VTech's move unusual?
Over a three-month period in 2015, a single cybercrime gang managed to earn at least $330,000 in bitcoins thanks to an estimated 670 victims paying attackers to decrypt ransomware-infected systems. Should police be doing more to stop these attacks?
Here's more evidence of how a data breach can have a major financial impact. The bill for U.K. telecom giant TalkTalk's October 2015 data breach could be as much as $94 million, and the incident resulted in the loss of 95,000 customers.
The Indian financial sector is at the dawn of a new age of electronic payments. What are the new form factors, and how must they be secured? An expert panel discusses the evolution and its unique security challenges.
The banking malware known as Carbanak continues to evolve, and cybercriminals are now using it to wage APT-style attacks against banks as well as companies in other sectors, according to security researchers at Kaspersky Lab.
Have Russian authorities collared the cybercrime gang responsible for the notorious Dyre malware? Related attacks ceased after authorities raided a Moscow-based production company developing a movie called "Botnet," Reuters reports.
Who is responsible for fraud losses resulting from business email compromise? Texas-based AFGlobal Corp. is suing its insurance firm to settle this question. Experts weigh in on the lawsuit and why cyber insurance rarely covers losses from these scams.
The rise in RFID-based contactless payment cards has led to increased concerns that fraudsters could wirelessly crack cards' secret cryptographic keys. But a team of MIT researchers has debuted defenses against such hack attacks.
The story around payment security in India is driven by the spurt of technology innovations in nontraditional payment channels that are seeing massive traction. SISA's 2016 Summit will look at innovation and the threat landscape.
The arrests of seven men allegedly linked to a skimming operation that targeted ATMs at retailers, including hotels and gas stations, is yet another indicator that U.S. merchants need to beef up the security of these devices.
A new breach of customer accounts at luxury retailer Neiman Marcus is, once again, putting the spotlight on the vulnerabilities created by relying only on usernames and passwords for online authentication, and the risks posed by storing customer information.
"We never negotiate" might be the expectation whenever law enforcement or government agencies get targeted by criminals or even "cyberterrorists." But outside Hollywood, the reality too often turns out to be far less rigid.
Landry's Inc. now reveals the broad scope of point-of-service malware attacks against its restaurants and other properties dating back to 2014 and 2015. Experts discuss factors that could have contributed to the breaches.