Will the advent of faster payments in the U.S. open new doors for fraud? Business continuity and security are priorities for the Federal Reserve, says Marianne Crowe of the Boston Fed. But independent consultant Richard Party begs the question: Is the U.S. really ready?
After 10 days of Microsoft not issuing an advisory or fix for a zero-day flaw found by Google that's being actively exploited in the wild, Google publicly revealed details of the flaw. But Microsoft says that puts its users at further risk.
Some 3.2 million Indian debit cards may have been compromised, according to the National Payments Council of India. While investigations are ongoing and several banks have reissued at-risk cards, the source of the card exposure has not been officially confirmed.
As U.S. ATM operators face MasterCard's Oct. 21 EMV liability shift deadline, a surge in explosive attacks against European ATMs is a reminder that anti-fraud features won't block all money machine crime.
A malware-wielding gang has been targeting financial firms' SWIFT software to inject fraudulent money-moving messages since at least January in "discreet campaigns" not tied to the Bangladesh Bank hack, Symantec warns.
How can issuers and acquirers help smaller merchants improve payment card security? One way is to dramatically ramp up their efforts to educate the retailers about PCI compliance, says Michel Christodoulides of Barclaycard.
Want to build a cybercrime empire predicated on selling stolen payment card data? Here's how carder forum Vendetta Network blends outsourcing, partnerships and best-of-breed tools to maximize profits while minimizing risk.
As the U.S. ramps up its migration to EMV chip payments over the next three to five years, fraudsters will shift their attention to mobile wallets, says Al Pascual of Javelin Strategy & Research, who describes why in this video interview.
Don't leap to conclusions on the basis of a new report that suggests Yahoo is preparing to warn the world that it was hacked and lost hundreds of millions of users' account credentials. Someone may simply have harvested passwords reused on other sites.
FBI Director James Comey, Facebook CEO Mark Zuckerberg and security expert Mikko Hypponen all advocate covering up your webcam as a cheap and no-brainer defense against everything from unscrupulous competitors to sextortionists.
To help financial institutions better spot attempted fraud, the SWIFT interbank messaging network plans to begin offering voluntary "daily validation reports" to customers to flag unexpected senders, recipients or payments as well as unusually large payments.
The handling of a recent data breach - the details of which are still unfolding - by Oakland, Calif.-based web services company Regpack provides a look into how the discovery and disclosure of a breach can turn into a real train wreck.