"It's a crime like no other crime," says James Ratley, president of the ACFE, describing fraud. "There was not a gun involved, there was not a knife; there was in many cases a ballpoint pen or a computer."
"Accountability for security and privacy in public cloud deployments cannot be delegated to a cloud provider and remains an obligation for the organization to fulfill," NIST Computer Scientist Tim Grance says.
With the tardy addition of the Sutter Health breach, the U.S. tally of major healthcare information breaches now includes 385 incidents affecting more than 19 million individuals since September 2009.
The hacker group Anonymous claims it's responsible for denial of service attacks on U.S. Justice Department websites after federal authorities shut down file-sharing websites, including Megaupload.com, and arrested some of its leaders.
Recently discovered viruses, consisting of Trojans and other malware, at City College of San Francisco have stolen personal banking information and other data from perhaps tens of thousands of students, faculty and administrators, says John Rizzo, president of the board of trustees.
A legal dispute between a small merchant in Utah and its former payments processor has fueled a debate over contracts between merchants and acquirers. If successful, this case could spur contractual shifts that change the way card brands view liability after card breaches.
Zappos.com and its parent company Amazon.com face a class action lawsuit stemming from a recent data breach that affected more than 24 million customers.
Improved collaboration and communication between small businesses and financial institutions is the first step toward improving online security, says Mark Patterson, an ACH fraud victim. What else would help?
Skimming is a global epidemic, experts say, and global fraud losses linked to skimming will grow in 2012. So how will retailers and financial institutions respond?
DBS Bank is launching a new SMS/text alert service for ATM transactions, following a rash of fraudulent withdrawals that cost accountholders $1 million.
U.S. and European institutions can learn from DBS Bank's example. In response to a rash of fraudulent withdrawals that cost accountholders $1 million, the bank is launching a new SMS/text alert service for ATM transactions.
A group of Saudi Arabian hackers, identified as "Nightmare," conducted distributed denial-of-service attacks Jan. 16 against the Tel Aviv Stock Exchange and El Al, Israel's national carrier.
Symantec reportedly said a 2006 breach led to the theft of the source code to its flagship Norton security software, reversing its previous position that it had not been hacked.
Online shoe and clothing retailer Zappos.com has issued an e-mail alert to more than 24 million customers regarding a newly-discovered data breach of an internal network.
Wikipedia.org founder Jimmy Wales pledges to shutter the online encyclopedia from midnight Tuesday to midnight Wednesday to protest anti-piracy legislation before Congress that he contends would threaten Internet freedom if enacted.
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