President Obama characterizes hacks of American businesses by Chinese hackers as an "act of aggression" against the United States and promises his administration will take action against the Chinese if they don't stop.
A Russian hacker who was extradited to the United States earlier this year has admitted his role in the largest hack attack in U.S. history, which resulted in the theft of 160 million payment card numbers. Find out how much time he could spend in prison under his plea agreement.
Drawn by the potential for low risk and high reward, criminals worldwide are increasingly pursuing online crime instead of conventional forms of property crime, such as burglary and robbery, warns cybersecurity expert Alan Woodward.
FBI Special Agent Charles Gunther says collaboration with FinCEN, international law enforcement and U.S. banks has helped the FBI recover millions of funds stolen from customers via emerging wire fraud schemes.
The U.S. payments infrastructure will come up far short of completing the rollout of EMV technology by the Oct. 1 fraud liability shift date. Experts say high costs, a perceived lack of consumer demand and doubts about EMV's ability to significantly reduce card fraud are to blame.
If the Chinese government hacked the U.S. Office of Personnel Management for espionage purposes, then the U.S. government's $133 million contract to provide ID theft monitoring services is a waste of money. Instead, the agency could have used the funds to safeguard its systems against future attacks.
Security experts trace many of the world's cybercrime attacks to Russia. But Russian authorities never extradite suspects, and they allow hackers to operate with impunity - if they play by some ground rules.
A password-cracking group claims that, because of coding errors made by Ashley Madison's developers, it has been able to recover 11.2 million users' plaintext passwords. The group believes that up to 15 million of the dating site's passwords can be easily cracked.
Yet another health insurer - Excellus BlueCross BlueShield - has belatedly discovered that its systems were hacked. The breach potentially exposed information on 10.5 million individuals, was discovered in August, but appears to have begun in 2013.
The gang behind the Carbanak banking malware - tied to $1 billion in fraud - has changed tactics, using upgraded malware via spear-phishing attacks, a security expert warns. Separately, a new banking Trojan called Shifu has been targeting Japanese banking customers.
The federal government is licensing a government-built anomaly detection tool known as PathScan to Ernst & Young, which, in turn, will refine the software and market it. In an interview, DHS's Mike Pozmantier explains why the government is offering its technology to the private sector.