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."
Insurance fraud schemes are growing in scale and sophistication. But at the same time, insurance companies - and their customers - are losing their appetite to accept fraud losses. IBM's Brian Banigan offers insight on the latest counter-fraud solutions.
LabMD's recent victory in its long legal battle with the Federal Trade Commission will be short-lived, the medical testing lab's CEO predicts. Find out why, and what changes Michael Daugherty hopes the case will bring to FTC's enforcement practices.
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 moment a successful defense is deployed, attackers find new ways to break into networks. In this video interview, Dr. Dale Meyerrose describes the damage wreaked by APTs and the strategies organizations can use to keep attackers at bay.
Several recent data breaches involving email mishaps serve as a reminder of precautions that healthcare entities must take with protected health information contained in digital communications that are sent or received by their organizations.
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?
As the Department of Health and Human Services gears up for its second round of HIPAA compliance audits, the focus will shift to using these audits for potential enforcement actions, including financial settlements, predicts attorney Anna Spencer.
Because hackers often find a way to stick around or repeat their network intrusions after remediation efforts are completed, organizations need to ramp up their "continuous detection" efforts, says security expert Wendi Whitmore of CrowdStrike.
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?
A data breach potentially affecting 16,000 patients at a group of Texas pediatric clinics spotlights the challenges in preventing and detecting breaches involving insiders who are authorized to access records.
An upcoming Verizon report on health data breaches illustrates that the data is at risk at organizations outside of the healthcare sector, and not just at hospitals, clinics, insurers and their business associates, says security expert Suzanne Widup of Verizon Enterprise Solutions.