A Minneapolis-based payroll processor informed 27,000 of its customers last week that their personal data may be at risk after a hacker attacked the company's payroll system last December.
A Texas man this week pled guilty to defrauding three Texas banks of more than one million dollars.
Jeff Woodard, 48, of Harlingen, Texas, pled guilty to one count of bank fraud, admitting he operated a check kiting scheme involving four bank accounts held in the names of several of his former businesses.
A former patient care assistant at a Houston hospital was sentenced to 60 months in prison on February 3 after pleading guilty to bank fraud and stealing the identities of patients.
Interview with James Van Dyke of Javelin Strategy & Research
Identity fraud crimes expanded at a 12% rate in 2009. What can we expect to see in 2010?
Javelin Strategy & Research is out with its latest Identity Fraud Study. For insight on the study results and what they mean to organizations across industry,...
What are the top fraud trends facing financial institutions in 2010?
Gartner's Avivah Litan shares her insights in an exclusive interview with Information Security Media Group's Linda McGlasson, discussing:
Increased number of attacks on strong authentication;
How to handle ACH fraud;
The biggest security...
What's the cost of a data breach?
The Ponemon Institute is out with its 5th annual "Cost of a Data Breach" study, and in an exclusive interview Dr. Larry Ponemon discusses:
The current cost of a data breach - and how it's risen since 2009;
Data breach trends across industry;
What organizations should do to...
Add four more states to the list of those whose banking customers are being struck by telephone-based phishing attacks.
Financial institutions in Michigan, Wisconsin, Minnesota and Mississippi report being hit by these "vishing" attacks in the past two weeks. Five different institutions -- three credit unions and...
I'm sorry, but weren't we just celebrating the holidays?
Unbelievable how fast the New Year has flown by already. It seems like we're all trying to get 12 months worth of work done in one.
The Payment Cards Center of the Federal Reserve Bank of Philadelphia has published "Heartland Payment Systems: Lessons Learned from a Data Breach," a discussion paper on the Heartland Payment Systems breach.
The paper is a summation of a workshop held in August 2009 at the Philadelphia FRB, where Heartland CEO Bob...
It has now been one year since the Heartland Payments System breach was made public. What lessons have been learned and what more needs to be done to improve the security of the payment industry?
We asked four information security experts for their take on Heartland: One year later.
Five financial institutions have filed a class action suit alleging that two acquiring banks, Heartland Bank and Key Bank, should be included as defendants and share responsibility for damages caused by the Heartland Payment Systems data breach.
I remember Jan. 20, 2009, as a date of historic significance. Not only did the country see the swearing in of the first African American U.S. President, but at the same time as the country's eyes were on Washington, D.C., there was another historic event happening.
At least two banking institutions have posted messages on their websites, alerting members to be wary of a bogus application distributed on mobile phone platforms.
What are the new year's top trends in banking, payments and security?
Javelin Strategy & Research has just released its Top 10 Trends report for 2010. James VanDyke, president of Javelin, discusses:
Top headlines from the new report;
Biggest threats to banks, payments and security;
The "next big thing" in...
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