The surge in data breaches has left millions of consumer records compromised. As a result, fraudsters have all they need to open bogus accounts, which cost banks huge losses linked to what Greg Shelton of LexisNexis Risk Solutions calls "sleeper fraud."
Starwood Hotels and Resorts has confirmed a point-of-sale breach, but card issuers say they don't believe the Starwood breach is isolated, and that fraud patterns indicate that another, perhaps larger breach, is impacting cards across the country.
Despite near-constant warnings from law enforcement officials and the information security community, too many organizations still aren't taking security seriously, experts warned at the Irish Cyber Crime Conference in Dublin.
The ruling to dismiss the FTC's data security case against medical lab LabMD will result in FTC staff more carefully vetting the enforcement cases the agency pursues against all other companies in the future, predicts former FTC attorney Reed Freeman.
A messy legal saga between the FTC and LabMD, related to a data security dispute, appears closer to ending with a significant win for the medical testing lab. What comes next in this hotly-contested case?
In the wake of massive health data breaches, four U.S. Senators are demanding that the Department of Health and Human Services provide details about how it tracks medical ID theft and fraud and assists victims. But is HHS positioned to address the issues?
In today's digital world, email phishing attacks are more harmful - and more prevalent - than ever before. Banks and financial institutions are often the first to be targeted, since the financial gain of a successful attack is a lucrative business.
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Fraudsters are increasingly using global brands, including Apple, to fool consumers into providing personal and financial information that can be used to compromise financial accounts. Experts offer insights on the latest trends and how to respond.
In a video interview, Bob Carr of Heartland Payment Systems offers a frank assessment of missteps in the wake of the processor's landmark 2008 data breach, and he calls for widespread use of end-to-end encryption.
Insurance fraud is identified as a significant revenue loss for insurance providers.
It costs U.S. property and casualty insurers approximately $30 billion annually and in the UK, insurance fraud is currently more than a $1.6 billion a year.
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A paradigm shift in combating...
The digital advertising marketplace - both supply-side and demand-side - is under sustained attack from increasingly sophisticated automated robot programs (bots) designed to divert, steal, and otherwise defraud to the tune of billions of dollars every year.
This Digital Publisher's Guide explores the current...
Online retailers are threatened by the Internet underbelly of nefarious online actors, including big industry competitors. These threat constituencies are leveraging bad bots in numerous ways that hurt many online retailers. These include bad bots that scrape prices and product data, perform click fraud and endanger...
The real estate industry has had challenges with intellectual property theft via screen-scraping for years, but
has not been quick to adopt anti-scraping security.
Owners of IDX/VOW website software companies are important actors in improving real estate listing content security since they manage the security for...
Bots are the key culprits in degrading classifieds and marketplace sites' availability, user experience, competitive advantage, and brand trust. Bots now make up 61% of web traffic and their negative impact on your site and business can be substantial. For example:
Thieves use web scraping bots to steal product...