Will a federal appellate court ruling in favor of a Minnesota bank that sued its insurer for coverage of costs associated with a fraudulent wire transfer have a big impact on similar cases? Experts offer an analysis.
A suspected breach of credit card and personal data from a train ticket booking system has turned out to be simply an irregularity in a database, says the transport agency for the Australia state of News South Wales.
Russian police have arrested 50 people in connection with an investigation into a hacker group suspected of unleashing a five-year series of malware-enabled hack attacks on major Russian financial institutions and stealing $25 million.
A federal judge has cleared the way for a class-action lawsuit filed by card issuers against Home Depot over the retailer's massive 2014 payments breach to proceed. In making the ruling, the judge noted that the banks' allegations regarding the retailer's security negligence appear to have merit.
Australia has pledged to spend AU$230 million over the next four years to bolster the country's cybersecurity stance. But two academics argue Australia isn't spending enough compared to the U.S. and U.K. and remains dangerously underprepared.
Since the theft of $81 million from the central bank of Bangladesh came to light in February, investigators have continued to probe similar SWIFT-related attacks against four other financial services firms, dating back to at least 2013.
MySpace has confirmed it is resetting millions of accounts affected by the release of 360 million usernames, email addresses and passwords. According to one expert, more of these types of big breach announcements may be coming.
Before moving to faster payments, U.S. banks should scrutinize the security gaps exploited in the SWIFT-related bank heists and build effective risk-mitigation strategies that include stronger layers of authentication, financial fraud experts say.
A breach of an online service used by travelers to book train tickets in the Australian state of New South Wales appears to be more serious than first reported, with authorities advising customers to keep an eye on their accounts.
A Bangladesh probe says that an insider may have assisted attackers in perpetrating the $81 million cyber heist against Bangladesh Bank. SWIFT has unveiled new security measures to help other banks, but security experts say more will be needed.
Federal regulators have released a new framework of data security principles to guide healthcare entities and researchers participating in the Obama administration's Precision Medicine Initiative. But is it enough to safeguard sensitive patient data?
AusCERT, one of the oldest computer emergency response teams in the world, has created "Flying Squad," an agile, quick strike unit that helps organizations deal with the aftermath of a data breach. GM Thomas King discusses the unit.