As part of their breach response strategies, organizations need to establish clear guidelines in advance so they know when it's appropriate to offer victims free credit monitoring or ID theft protection services.
A Bulgarian who participated in the Shadowcrew forum, a now-defunct online marketplace for hacking and identity theft, has been sentenced to 30 months in prison for his role in the operation.
Part 1: Bitcoin Fraud - The Perfect Crime
Bitcoin, a next-generation crypto-currency whose origin is shrouded in mystery, is receiving growing attention from cybercriminals and is perhaps the largest real-world testing lab for the effects of trust on consumer and business demand. This fascinating presentation will...
Identity theft - or impersonation - is a well-established form of identity risk but first party fraud, and synthetic identities in particular are fast growing and insidious threats that bring with them economic loss for financial institutions, as well as risks of regulatory censure when synthetic identities pass Know...
As Keith Alexander tells it, when he led the National Security Agency, he didn't exist. Alexander discovered that 'fact' after he retired on May 21 as director of the NSA and commander of the Cyber Command and began shopping to buy a new home.
Healthcare organizations are becoming a bigger target for cybercriminals because so much more clinical and financial information is now stored in potentially vulnerable information systems, says security expert Mac McMillan.
Fighting fraud tied to synthetic identities requires revamping the credit infrastructure to improve detection of fraudsters' activities, says risk management specialist Richard Parry.
Fraud Summit - Chicago 2014 - Identity fraud and the creation of synthetic identities often result from identity theft, but the strategies organizations follow to prevent ID theft and ID fraud are very different. Register for this session to learn:
How the industry defines ID fraud and ID theft;
Why banking...
Fraud Summit - San Francisco 2014 - It has been nearly three years since the FFIEC issued updated guidance aimed in part at curtailing incidents of corporate account takeover. Yet, banking/security leaders today say their current anti-fraud investments have done little to reduce fraud incidents or losses. Register for...
Germany's Federal Office for Information Security is warning Internet users to scan their computers for malware and change their passwords following news of an ID theft case involving 18 million e-mail addresses and passwords.
Two Ukrainians and an American have been indicted for their alleged involvement in an international cybercrime scheme that used stolen information from banks, businesses and government agencies in an attempt to steal at least $15 million.
A new identity fraud study shows that consumers who are victims of a payment card breach are at greater risk of fraud than victims of other types of breaches, says Al Pascual of Javelin.
Germany's Federal Office for Information Security is encouraging Internet users to utilize an online tool to verify whether they were among the 16 million individuals whose personal information has been compromised for purposes of identity theft.
Hackers allegedly trafficking in personally identifiable data have reportedly breached the computers of three major data aggregators, raising doubts about knowledge-based authentication as a tool to verify identity.
Another organized cyber-attack and subsequent cash-out scheme illustrates increasing risks to the U.S. payments chain. One fraud expert says this trend "is of grave concern" for banking institutions and their accountholders.
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