A recent ATM cash-out scheme that netted $45 million puts a spotlight on the need for preventive measures, says John Buzzard of FICO's Card Alert Service. He offers several fraud mitigation tips.
When it comes to mobile banking and payments, security risks are similar globally. But Western institutions can learn from innovative solutions now offered in the East, says fraud expert Tom Wills.
How could global fraudsters steal $45 million from banking institutions without being detected or stopped? It was a process breakdown, not a technology failure, says fraud expert Avivah Litan of Gartner.
Attacks aimed at mobile devices are progressing much more rapidly than any attacks ever waged against PCs. Organizations are in danger if they don't pay attention, says anti-phishing expert Dave Jevans.
Gary Warner, a computer forensics researcher at the University of Alabama at Birmingham, says malware aimed at POS systems isn't likely to affect ATMs. But others say the threat to ATMs is viable.
In the aftermath of an international $45 million cyberheist and ATM cash-out scheme, experts say pinpointing the source of such a massive breach can be difficult. Why?
Malware attacks against retailers are becoming more common. Many breaches linked to these attacks could be prevented, experts say, if merchants took more steps to lock down networks and point-of-sale devices.
Why are ATM cash-out schemes expected to increase - especially in the U.S.? John Buzzard of FICO's Card Alert Service offers insights, based on federal investigators' most recent global fraud bust.
The Schnucks grocery store chain has confirmed it was attacked by "malicious computer code" that captured and compromised payment details associated with debit and credit cards used at its stores.
More hackers are attacking payment processors and merchants with enhanced malware to compromise credit and debit card data. What steps can be taken to thwart the threat?
New research says more than 25 percent of consumers hit by a data breach later become victims of identity fraud - especially when payment card information is exposed. Javelin's Al Pascual shares analysis.
The idea that smartphone apps can "put your business in the world's pocket" is driving the financial industry to rush to mobile applications. As a result, business elements that used to be physically secure are now being exposed to the general public. Couple that with a relatively young, chaotic mobile ecosystem, and...
How could 18 people pull off an alleged international bank fraud scheme involving 25,000 fake cards and $200 million in losses? One expert tells how banks can bridge the gaps that hide such scams.
What are the two newest malware strains discovered by researchers at Trusteer and Kaspersky? And how do these exploits challenge the way banking institutions currently detect and prevent online fraud?
Outsourcing to the cloud poses new risks, especially for card data. The PCI Council addresses those risks in its just-released cloud security guidance, and Bob Russo offers exclusive insights.
Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how visitors use our website. By browsing databreachtoday.eu, you agree to our use of cookies.