Federal authorities say the successful prosecution of a member of an international cybercrime ring proves progress is being made in shuttering ATM cash-out schemes. But some experts say processors and prepaid cards will continue to be targeted by attackers.
British police have worked with an international consortium of law enforcement agencies and information security firms to disrupt financial malware known as Shylock used to infect more than 60,000 PCs and steal millions of dollars.
Criminals have begun targeting ATMs in Western Europe using malware, as well as a new generation of stealthier skimmers designed to capture card data and PIN codes. But the stolen data is often used for fraud elsewhere, especially the U.S.
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.