Fraud

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  • Article

    Apple Pay: Authentication a Soft Spot

    Mobile a Breeding Ground for Counterfeit Card Fraud By Tracy Kitten
    Apple Pay: Authentication a Soft Spot

    New exploits linked to Apple Pay aren't compromising the mobile device's security, but instead are taking advantage of lax authentication practices used by banking institutions to verify cards that are loaded to the iPhone for Apple Pay purchases.

  • Interview

    Why Medical ID Fraud Is Rapidly Growing

    Expert Analyzes Results of New Report By Marianne Kolbasuk McGee
    Why Medical ID Fraud Is Rapidly Growing

    As more patient records are digitized, that data is a rapidly growing target for cybercriminals intent on committing medical identity theft and fraud, says Ann Patterson of the Medical Identity Fraud Alliance, who analyzes a new report on the trends.

  • Article

    Alleged Russian Mega-Hacker Extradited

    Charged With Masterminding Largest-Ever U.S. Hack Attack By Mathew J. Schwartz
    Alleged Russian Mega-Hacker Extradited

    Extradited Russian national Vladimir Drinkman, who's been charged with masterminding the largest-ever hack attack in U.S. history, this week pleaded not guilty in U.S. federal court to 11 charges relating to the theft of 160 million payment cards.

  • Article

    Did Obama's Cyber Summit Miss the Mark?

    Critics: Action Items Lack Specifics for Payments Security By Tracy Kitten
    Did Obama's Cyber Summit Miss the Mark?

    Despite commitments by leading payment card brands to enhance security, some critics say the White House cybersecurity summit produced no specifics for how the public and private sectors will curb cyber-fraud.

  • Article

    Crime Gang: Fraud Estimates Hit $1B

    Experts Say Anunak/Carbanak Malware Attacks Still Under Way By Mathew J. Schwartz<br>Tracy Kitten
    Crime Gang: Fraud Estimates Hit $1B

    The Anunak/Carbanak gang continues to rob financial services firms and retailers, in part with ATM malware. A new report says the cybercrime gang has stolen up to $1 billion from banks in Russia, the U.S. and beyond.

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ARTICLE Breach Notification: Tackling the Timing

In determining the right time to issue a breach notification, organizations have to carefully weigh...

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ARTICLE Breach Notification: Tackling the Timing

In determining the right time to issue a breach notification, organizations have to carefully weigh...

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