Payments are getting faster, and so is payments fraud. A robust fraud management strategy focusing on strong authentication, customer education and scalable responses can be instrumental in minimizing payment fraud risk.
Equifax says it continues to field queries from U.S. lawmakers about the full extent of its massive 2017 data breach, which occurred after an attacker exploited its unpatched Apache Struts web application. Research finds that many more organizations are using unpatched Struts applications.
A remote code execution vulnerability revealed in late March in the Drupal content management system is now being used on a large scale for mining the virtual currency monero, a researcher says. At least 400 websites have been infected, and the total number is likely far higher, security experts warn.
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Security vendor ProtectWise says a series of operating mistakes has allowed it to gain insight into a group, believed to be affiliated with Chinese intelligence, that specializes in stealing code-signing certificates. The certificates allow for the signing of malware that's unlikely to raise security alarms.
Privacy regulations, user satisfaction concerns and the need to prevent data breaches are driving more organizations that must authenticate users to find "a better way of ensuring that people are who they are when they are accessing critical information," says Tony Smales, CEO of Forticode.
As the European Union's General Data Protection Regulation enforcement date approaches, organizations are working to address challenges, including changing the broadly accepted definition of what constitutes personally identifiable information, says Rashmi Knowles of RSA.
Cybersecurity and fraud prevention functions need to start working more closely together to share and leverage cross-functional knowledge that can help improve security, says Michael Thelander of iovation.