An alert issued - and then yanked - by the FBI about fraud vulnerabilities linked to EMV chip cards is reigniting he debate between bankers and retailers over whether EMV in the U.S. should be chip-and-PIN or chip-and-signature.
NACS attorney Doug Kantor says small businesses are getting a raw deal from the card brands when it comes to expectations for EMV migration. The expense is too high, and the fraud-reduction benefits too low to make EMV worthwhile, he argues.
Less than a year after the United States Postal Service revealed that hackers breached agency computers, many employees continue to click on phishing messages that contain false links, according to an inspector general report.
When it comes to healthcare payments, fraud tends to come in two flavors: Organized and opportunistic. What are the biggest gaps in detecting and preventing these schemes? IBM's Robert McGinley shares insight.
Awareness is a challenge with healthcare payments fraud, and so is analytics. But a huge part of the...
The motivation for individuals to sell their wares on Dark Web markets is primarily to sell items of questionable legality or out-right illegal items, with a high level of anonymity. Anything that can be obtained easily or with minimal risk, and then sold for profit is going to be a prime target for the Dark...
One week after the EMV fraud liability shift took effect for U.S. merchants, experts say much more needs to be done to prepare merchants for chargebacks and new socially engineered scams aimed at exploiting consumers.
A cybercrime ring that employed the Angler Exploit Kit to earn an estimated $34 million per year - from ransomware infections alone - has been disrupted by security researchers at Cisco's Talos security intelligence and research group.
Prosecutors recommended that twin brothers Muneeb and Sohaib Akhter serve a six-year and a two-year sentence, respectively, after pleading guilty to hacking-related charges. But one of the men received a much lighter sentence.
Proposed federal legislation calls for testing the use of smart cards, similar to the chip cards being rolled out by the U.S. credit card brands, for Medicare patient identification to help reduce fraud. Kelli Emerick, leader of the Secure ID Coalition, explains the proposal.
Healthcare executives continue to emphasize reducing risk exposure and related financial losses. These losses affect more than just the bottom line. The ability of an organization to control and protect its financial assets - especially from improper payments - also directly affects an organization's reputation and...
As a result of Experian's data breach, 15 million T-Mobile subscribers are at risk from phishing attacks and fraud. But it's not clear what more T-Mobile can do to protect breach victims, says security specialist Mark James.
In the wake of the Oct. 1 EMV fraud liability shift date, U.S. merchants can expect to pay for counterfeit fraud losses previously absorbed by European issuers, says Jeremy King of the PCI Council. Longer-term, he expects European banks will experience more fraud as U.S. POS and card security leapfrogs other markets.
A Russian cybercriminal who used the Citadel banking Trojan to infect at least 7,000 PCs has received a 4.5 year jail sentence. Authorities tracked him in part thanks to his posts to a Citadel user group.
As compliance needs evolve, government agencies administering social programs are finding that they need to be more prepared. By leveraging advanced analytics into existing processes, you can identify errors faster and more effectively and can reduce financial waste and improve program integrity.
The leader of a $24 million identity theft and tax refund fraud ring, which stole data from a military hospital, the Alabama Department of Public Health and others, has been sentenced to serve 15 years in prison. Experts recommend steps organizations can take to prevent such crimes.