Big-box retailer Target has confirmed that a breach that likely exposed some 40 million U.S. debit and credit accounts was caused by a malware attack that infected its point-of-sale system. Find out all the latest details.
On Christmas Eve, Target issued a warning about phishing scams linked to its breach recovery efforts. In response, the retailer says it is launching a dedicated resource page on its website for official communications.
Was it a point-of-sale attack? A network breach? Or was it an inside job? Fraud experts disagree over the cause of the Target data breach, but they are united in how banking institutions should respond.
A breach that apparently began on Black Friday may have exposed millions of credit and debit cards used to conduct transactions at Target retail stores, two major U.S. card issuers tell Information Security Media Group.
Federal authorities in New York have charged 23 individuals for the roles they allegedly played in a $2 million counterfeit payment card scheme. Cooperation between retailers and law enforcement was vital to the takedown.
Call center fraud is one of the leading threats that financial institutions will battle next year because fraudsters consider the centers to be an easy target. But what can be done to mitigate this threat?
While U.S. payments networks and card issuers are planning to transition to EMV cards, Gartner analyst Anton Chuvakin says they could be wasting their time. It may be too late for this chip technology in the U.S.