Summit Credit Union of Wisconsin is seeking class-action status for a lawsuit against credit bureau Equifax. The credit union contends it will have to bear the fraud costs resulting from Equifax exposing a massive amount of U.S. consumer data in one of the worst data breaches ever seen.
If the Equifax breach turns out like every other massive data breach we've seen for more than a decade, after a big brouhaha - from Congress, state attorneys general, consumer rights groups and class-action lawsuits - nothing will change, because that would require Congress to give Americans more privacy rights.
A 10-digit PIN used by consumers to freeze access to credit reports with Equifax is based on dates and times, several observers have noticed. Equifax says it plans to change how the PIN is generated, but experts say it's another troubling development for a troubled company.
Increased digitisation and adoption of digital banking channels have led to a sharp increase in incidents of mobile fraud, enhancing the challenges for the CISOs in securing these transactions, says Subhash Subramaniam, CISO of ICICI Bank.
Verizon has made a strong case for continual PCI DSS awareness with its new study of payment card data security. But like many vendors that conduct their own studies supporting their business cases, Verizon makes suspect logical stretches.
A judge has designated the case against Marcus "MalwareTech" Hutchins, who's been accused of creating and selling the Kronos banking Trojan, as "complex" after his defense requested more time to review chat logs, malware samples and other evidence submitted by prosecutors.
The telecom sector in India has repeatedly been targeted by malware attacks, raising serious concerns about vulnerabilities in one of the largest local business sectors. As a result, some security experts are calling for stronger enforcement of regulations and more frequent security audits.
Mobile apps in India seeking blanket access to phone users' information have come under the lens of TRAI. Security practitioners believe the data privacy dilemma combined with shortcomings in the privacy laws are resulting in such privacy violations.
RSA set the tone for its Singapore conference with President Rohit Ghai establishing the importance of precision advantage in the context of the escalating threat landscape. However, the key question is: Are security practitioners resonating with the idea of learning the lessons to bring the change?
The plaintiffs who are suing Donald Trump's presidential campaign for conspiring with Russia and WikiLeaks over disclosing their private information stolen from Democratic Party computers could declare a moral victory even if they lose their case. Could exposing the truth be their ultimate goal?
As the global threat landscape shifts, so does Kaspersky Lab. Moving from its traditional cybersecurity focus, Kaspersky now is honing in on fraud prevention. Emma Mohan-Satta describes this shift and what it means for security and anti-fraud leaders.
Trump Hotels is warning customers that payment card data at 14 of its properties was compromised during a seven-month breach that affected service-provider Sabre. Other affected chains include Hard Rock Hotel & Casino and Loews Hotels.
Russian-born Alexander Tverdokhlebov has been sentenced to serve nine years in U.S. prison after pleading guilty to causing damages of between $9.5 million and $25 million by running botnets, using malware to steal payment card data, selling "dumps" of that data as well as hiring money mules.
India is considering whether to recognize bitcoins as legal. As cybercriminals increasingly demand bitcoins for payment of ransoms, Iaw enforcement authorities are challenged in taking action against those who use virtual currency because of ambiguity over its legal status.