Save Mart, the Modesto, Calif.-based grocery chain, now confirms that skimming devices are to blame for the data breach believed to have exposed hundreds of consumer accounts to debit and credit card fraud.
The scheme allegedly involved insiders recruited by fraudsters to steal information about more than 200 individuals and organizations. How can institutions improve background screening and prevent fraud?
The potential 30-year prison term and $1 million fine are significant, but so is the actual plea agreement - which may signal a new tactic in law enforcement officials' efforts to break up fraud rings.
Michaels, Save Mart and Subway. Each of these companies was victimized by point-of-sale fraud, and security experts say the fraudsters' patterns offer valuable security tips to merchants and financial institutions.
Value? It's coming in more shapes and forms than ever before, says Kosta Peric of SWIFT. So how can financial institutions embrace these new values and provide products and services that meet growing consumer demand?
The Department of Justice has indicted four Romanians for their alleged roles in a multimillion-dollar fraud scheme believed to have compromised hundreds of U.S. merchants and more than 80,000 U.S. consumers.