The Target breach. Account takeover. Mobile banking. Big data analytics. If these terms mean anything to you, then stop right now and give some thought to attending our Fraud Summit in San Francisco on April 29.
Following a data breach, sensitive information, including credit card data, is often sold through the underground economy. Security experts discuss why it's so difficult to shut down online criminal forums.
Most organizations, including banks, have more data than they know what to do with, says Allison Miller, a cyberthreat and data analytics expert. So why aren't they more effectively using big data analytics for fraud prevention and detection?
The Massachusetts attorney general has launched an investigation into a data breach involving a subsidiary of Experian. Earlier, attorneys general in Illinois and Connecticut announced similar investigations.
Industry analysts are debating why it took retailer Michaels nearly three months to confirm a breach of its point-of-sale network, and they're asking if the breach is linked to others, including those at Target and Neiman Marcus.
Verizon's latest annual breach report shows that Web application attacks increased more than malware-fueled point-of-sale intrusions in 2013, says analyst Dave Ostertag, who provides an overview of the report's findings.
Dennis Simmons, retiring CEO of SWACHA, says new career paths are being forged for IT professionals as well as legal experts who have good understandings of cybersecurity and cross-channel fraud in the world of e-commerce.
Ellen Richey of Visa, keynoter at the April 29 Fraud Summit San Francisco, outlines key card fraud-fighting trends for the year ahead, including the U.S.'s migration toward EMV, greater use of tokenization and heightened fraud detection.
Three years ago, trust on the Internet - or the lack thereof - focused, in part, on the faceless hacking groups such as Anonymous and LulzSec. Today, we have a face for this lack of trust, and it looks a lot like Uncle Sam and a Chinese Red Army cybersoldier.
In the wake of recent high-profile retail breaches, the PCI Security Standards Council is supporting a move toward chip card technology that conforms to the Europay, MasterCard, Visa Standard, says General Manager Bob Russo.
The indictment of nine alleged participants in a fraud scheme that involved infecting thousands of business computers with Zeus malware to steal millions of dollars shows that the malware remains a formidable ongoing threat.
Banking institutions and retailers are working to enhance cybersecurity collaboration, but the Consumer Bankers Association wants more regulatory oversight of merchants, says the CBA's David Pommerehn, a speaker at the upcoming Fraud Summit San Francisco.
Analysts say it's easy to believe the Neiman Marcus data breach may be tied to attacks on Heartland Payments Systems Inc. and other entities. But tracking the crimes is one thing; prosecuting is quite another.