The financial services industry is not collaborating effectively to address online payment risks, says Scott Dueweke of Booz Allen Hamilton, who offers insights on effective fraud-fighting steps.
Target Corp. confirms that a network intrusion may have exposed approximately 40 million debit and credit accounts. An investigation of the national big box retailer's breach is under way.
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.
A combination of technical and managerial problems set the stage for hackers to breach a Department of Energy database last summer, a new report shows. The incident cost the department millions of dollars.
To encourage information sharing about cyberthreats, banking institutions need to be protected from liability through the enactment of new federal legislation, says Paul Smocer, president of BITS.
NSA Director Gen. Keith Alexander says the agency has taken 41 actions to prevent leaks by insiders in the wake of disclosures of classified documents about the agency's surveillance programs by former agency contractor Edward Snowden.
Receiving a notification letter about a data breach brings home the reality of just how common these incidents are - and how much prevention work, including encryption, still needs to be done.
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.
The NIST cybersecurity framework will help U.S. banking institutions assess their security strategies, but some institutions fear the framework could trigger unnecessary regulations, says Bill Stewart of Booz Allen Hamilton.
The partial takedown of ZeroAccess, one of the world's largest botnets, is an example of the role that collaboration between business and law enforcement can play in battling cybercrime.
The theft of 2 million credentials reminds security professionals that their organizations are at risk because many employees use the same passwords and devices for personal and business purposes, data security lawyer Ronald Raether says.
Akamai's acquisition of DDoS mitigation provider Prolexic Technologies is a sign of how the DDoS-defense marketplace is maturing at a time when attacks are becoming more sophisticated.
As U.S. banking institutions make the EMV migration, fraud will migrate from payments cards to areas such as check and first-party fraud, says Fiserv's Mike Urban. How must institutions prepare?
You can be outraged that the NSA collects Internet communications records of U.S. citizens. But don't be surprised, says sociologist William Staples. This is just one example of our "culture of surveillance."
To improve cyberthreat and cybercrime information sharing, law enforcement officials and business leaders need to develop better working relationships, says federal prosecutor Erez Liebermann.
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