Bob Russo, long-time general manager of the PCI Council, will retire at the end of the year. Stephen Orfei, his replacement, will take the helm in September. Security experts analyze the potential impact of the change.
The "Bolware" malware gang has used Web injection and "man-in-the-browser" techniques to steal up to $3.75 billion. The attack campaign demonstrates how easily attackers anywhere in the world can commit browser-based fraud.
What is the consumer impact of big data breaches such as Target's and P.F. Chang's? Victims blame the breached entities, and they want government action, says Al Pascual of Javelin Strategy & Research.
Microsoft launched a botnet-focused takedown effort that didn't just block small-scale campaigns tied to two pieces of malware, but also resulted in an estimated 4 million legitimate site names being disrupted.
A class action suit against breached restaurant chain P.F. Chang's China Bistro is unlikely to succeed, some security experts say, because proving consumer losses linked to specific merchant data breaches is difficult.
Using big data to fight fraud is a challenge for most organizations. Andreas Baumhof of ThreatMetrix explains how context-based authentication combines fraud and security to leverage the use of big data.