Who is responsible for fraud losses resulting from business email compromise? Texas-based AFGlobal Corp. is suing its insurance firm to settle this question. Experts weigh in on the lawsuit and why cyber insurance rarely covers losses from these scams.
The rise in RFID-based contactless payment cards has led to increased concerns that fraudsters could wirelessly crack cards' secret cryptographic keys. But a team of MIT researchers has debuted defenses against such hack attacks.
Landry's Inc. now reveals the broad scope of point-of-service malware attacks against its restaurants and other properties dating back to 2014 and 2015. Experts discuss factors that could have contributed to the breaches.
As 2016 begins, financial institutions find themselves at a fateful crossroads. They continue to see the impact of retail payments breaches, such as those that struck Target, Home Depot and other merchants.
This fresh research looks at:
Retail breach impact and emerging payments;
The latest fraud trends...
Sophisticated phishing campaigns, increasingly targeted because of social media, are fueling business email compromises - a growing wire fraud scheme that is attacking businesses worldwide, says Jim Hansen of PhishMe.
As recent history dictates, the migration to EMV chip-enabled cards has resulted in a massive surge in card-not-present (CNP) fraud. Converging pressures, including the U.S. EMV migration, rapidly growing e-commerce transaction volumes, and data breaches, is likely to lead to a painfully sharp rise in CNP fraud. ...
The Ukrainian energy sector is being targeted by fresh phishing attacks, the country's computer emergency response team warns. But it's not clear who's behind those campaigns, or a recent malware infection at Kiev's main airport.
Check fraud - it not only won't go away, but
it is morphing to keep pace with consumers'
digital banking habits. Although the number of checks written by consumers has decreased significantly, the
reverse is true about dollars lost to check fraud.
David Barnhardt, Vice President of Product
Thought leaders within the IT community are beginning to view cybersecurity not just as part and parcel of the everyday cost of doing business, but as a direct driver of business continuity and bottom-line growth. This shift in perception has begun to have a dramatic impact on the position and role of security...
If your organization has intellectual property, customer data, or critical systems that are valuable, your employees are being targeted with spear phishing emails. To help security leaders strategically manage their defensive posture, we have created a four-phase framework that
spans relevant security layers from the...
Cryptocurrency exchange Cryptsy has revealed that it suffered a 2014 hack attack that now leaves it insolvent. The exchange is appealing to its attacker to return the stolen bitcoins, worth $5 million today - no questions asked.
Tracing bitcoin transactions, some security experts suspect multiple gangs have each amassed more than $1 billion, making them the equivalent of "unicorns" - a term venture capitalists apply to extremely successful startup firms. In case there was any doubt, cybercrime really does pay.