Federal authorities say the successful prosecution of a member of an international cybercrime ring proves progress is being made in shuttering ATM cash-out schemes. But some experts say processors and prepaid cards will continue to be targeted by attackers.
Choice Escrow is seeking a bench review of a recent appellate court ruling, which favored its former bank in an ACH fraud dispute. The firm argues the court set a bad precedent for future disputes by limiting Uniform Commercial Code protections.
The National Institute of Standards and Technology should use the cryptographic community to help vet the advice it gets from the National Security Agency when creating cryptography guidance, a panel of prominent experts recommends.
FFIEC guidance and case law are helping banks define what constitutes "reasonable security." In a panel discussion, three experts debate the long-term impact of two recent account takeover fraud cases.
Three Chinese nationals seeking to make "big bucks" broke into the computers of Boeing and other military contractors, stealing secrets on transport aircraft, a U.S. criminal complaint says. Read how they allegedly did it.
Attorneys for Target have requested a halt in the discovery process for class action lawsuits stemming from the retailer's December 2013 data breach until the court can consider its forthcoming motions to dismiss most of the suits.
Is having too many stakeholders who care about cyberspace's viability a hindrance to security? That's one way to interpret comments from White House Cybersecurity Coordinator Michael Daniel as he addresses the challenges of governing the Internet.
Microsoft launched a botnet-focused takedown effort that didn't just block small-scale campaigns tied to two pieces of malware, but also resulted in an estimated 4 million legitimate site names being disrupted.
A class action suit against breached restaurant chain P.F. Chang's China Bistro is unlikely to succeed, some security experts say, because proving consumer losses linked to specific merchant data breaches is difficult.
The OCC says cyberthreats against the U.S. financial infrastructure are growing, and financial fraud should not necessarily be banking institutions' top concern. Learn more about the latest OCC report.
Could too much regulatory oversight hinder cyberthreat information sharing, rather than encourage it? That's an increasing concern for bankers, who argue regulators could bog down progress in cybersecurity.