A new open payments standard aims to not only enhance card security but also improve and expand the functions available through EMV. Payments expert Roger Applewhite says the standard will open new doors for cryptology and transaction routing.
Russian threat intelligence firm Group-IB alleges that North Korea is behind recent attacks against financial institutions in Europe employing fraudulent SWIFT messages. But other experts caution that such conclusions shouldn't be made solely based on technical data.
Restaurant chain Chipotle Mexican Grill says customers' payment card data was stolen via point-of-sale malware installed at the vast majority of its more than 2,000 restaurant locations for more than three weeks.
Target has reached a record settlement agreement with 47 states' attorneys general over its 2013 data breach. The breach resulted in hackers compromising 41 million customers' payment card details and contact details for more than 60 million customers being exposed.
In a rare acknowledgment of a data breach by an Indian company, online restaurant guide and food ordering service Zomata says 17 million users' email addresses and hashed passwords were stolen from its database. The company was hacked by a white-hat hacker back in 2015.
Criminals have long aimed to separate people from their possessions. So for anyone who follows ransomware, the WannaCry outbreak won't come as a shock. Nor will longstanding advice for surviving ransomware shakedowns: Prepare, or prepare to pay.
Travel industry software giant Sabre has alerted hotels that its software-as-a-service SynXis Central Reservations system - used by more than 36,000 properties - was breached and payment card data and customers' personal details may have been stolen.
An analysis on why small businesses are increasingly being targeted by hackers leads the latest edition of the ISMG Security Report. Also, potential medical device hacks pose risk to patients, and payment fraud evolves as the threat landscape intensifies.
Citing recent data leakage incidents, some security experts are questioning whether the Reserve Bank of India's recent decision to mandate a migration to Aadhaar-based biometric authentication for electronic payment transactions is a good move.
In the wake of fraud reports, Blowout Cards has issued a security alert to customers, warning that an attacker hacked its website and installed a PHP file designed to skim payment card details at the time of purchase.
Intercontinental Hotels Group says that in addition to 12 hotels that it directly manages suffering a point-of-sale malware outbreak that began in 2016, 1,200 IHG-branded franchise hotel locations in the United States were also affected.
Businesses that fail to block former employees' server access or spot any other unauthorized access are asking for trouble. While the vast majority of ex-employees will behave scrupulously, why leave such matters to chance?
New documents dumped online by the Shadow Brokers group have revealed apparent NSA programs designed to target SWIFT service bureaus in the Middle East as well as a slew of exploits designed to infect Windows systems, patched last month by Microsoft.
Card-not-present fraud rates in the U.S. have not skyrocketed like some experts predicted in the wake of EMV, according to Visa. And Visa's Margaret Reid says that's likely because most large e-commerce merchants in the U.S. are using sophisticated fraud prevention tools that have so far kept fraud rates at bay.