While sophisticated cyberattacks and high-profile mega-breaches get most of the attention, European fraud experts say less sophisticated attacks are far more common and pose a greater fraud risk. At ISMG's Fraud Summit in London, they called for global collaboration to fight fraud.
British police have arrested a 15-year-old boy in connection with the suspected hack of TalkTalk. Security experts say that if a teenager was responsible, it's going to be difficult for the communications firm to prove that it takes customers' data security seriously.
Cyberattacks are challenging our current methods of defense, says Lance James, a global cyber intelligence adviser at the consultancy Unit 221b. In a video interview, he discusses the changes in tools and skills that must be made to fend off fast-moving adversaries.
A third data breach affecting TalkTalk has prompted sharp questions from U.K. public officials about whether stronger breach notification laws and breach-related penalties might help prevent more such incidents from occurring.
The recent data breach at U.K.-based telecom company TalkTalk illustrates that breach risk mitigation is a critical issue worldwide. PCI's Jeremy King, who will be a featured speaker at ISMG's Fraud Summit London on Oct. 27, explains why European data security is getting more scrutiny.
HP has agreed to sell its intrusion detection and prevention software unit TippingPoint to security vendor Trend Micro for $300 million. But analysts say Trend Micro faces stiff breach detection and incident response competition.
Someone green-light this drama: Sony, after suffering a massive data breach that led to the leak of personal information and embarrassing corporate emails, has agreed to a data-breach settlement worth up to $8 million.
Dow Jones has dismissed a competitor's report, which claims that attackers operating from Russia hacked into the company's servers and stole sensitive financial information for insider-trading purposes.
Newly discovered breaches at E*Trade Financial and Dow Jones highlight hackers' increasing attempts to steal, sell and utilize personal information. Security experts describe PII's value for fraudsters and scammers and offer lessons learned from these and other incidents.
Financial services firm E*Trade and publisher Dow Jones are separately warning their customers and subscribers that their personal information - and in some cases, payment card data - may have been compromised in a cyberattack campaign.
Three U.S. senators are demanding answers from Experian after it suffered a breach that exposed personal information for 15 million T-Mobile subscribers. They also have called for national breach notification and data security regulations.
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.
Discount brokerage firm Scottrade says hackers accessed its computer network and stole names and street addresses of millions of its clients. The firm says it learned of the intrusion from law enforcement officials.