Alleged Russian hacker Roman Valerevich Seleznev, arrested earlier this year, is facing 11 additional charges tied to the theft of credit card information for later sale on underground "carding" websites.
European financial services firms and law enforcement agencies have been stepping up their efforts to trade actionable intelligence and better defend themselves against emerging malware and fraud campaigns.
When the new Apple Pay mobile payment system launches in October in the United States, it could help improve payment security. This infographic reviews the system's features and how to put them to use.
Fraudsters continue to make inroads against financial institutions based in the United Kingdom - and beyond - because banks aren't working together to share information about the attacks they see, according to presenters at the London Fraud Summit.
The new Apple Pay mobile payment system isn't going to kill credit cards. But when it launches next month in the United States, the system could help improve payment security. Learn how Apple Pay works.
What's the toughest challenge the U.S. faces when it comes to EMV? Randy Vanderhoof of the EMV Migration Forum points to getting POS software and terminals certified for EMV transactions. Find out what other hurdles he identifies.
While the new Apple Pay system is slated to debut next month in the United States, payment card brands say the system eventually will expand to some of the other 66 countries that already accept contactless payments.
Helping merchants deal with the growing threat of POS malware is one of the biggest challenges facing Troy Leach, CTO of the PCI Security Standards Council, who says the BlackPOS malware threat, in particular, "is keeping me up at night."
Today's sophisticated fraud threats are daunting. But security adviser Neira Jones is more concerned about financial institutions' lack of preparedness to face these threats. A London Fraud Summit preview.
The PCI Security Standards Council has released an update to its guidance for merchants on protecting against card skimming attacks in POS environments that spells out best practices for addressing the latest attack scenarios.