The Secure Payments Task Force was established by the Federal Reserve Bank in 2015 in part to determine areas of focus and priorities for future action. Jim Cunha, a member of that task force, talks discusses how to advance payment system safety, fight fraud and ensure resiliency.
Armed with stolen personal data, cybercriminals can easily bypass conventional identity authentication methods. So how can organizations strengthen authentication without harming customer experience? Shaked Vax of IBM Security shares insights.
Traditional approaches to authentication can't work effectively in a digital environment where customers and partners are interacting from multiple vectors. Evan O'Regan of Entrust Datacard discusses how to remove friction - and fraud - from the process.
Facebook says up to 87 million people may have had their personal details transferred to voter-profiling firm Cambridge Analytica. The figure includes 17 million people in nine countries outside the U.S., potentially intensifying regulator scrutiny of the social networking site.
Facebook CEO Mark Zuckerberg says the social networking company is already complying with parts of Europe's GDPR privacy legislation, but it won't comply with all of its requirements worldwide. Zuckerberg's comments are likely to rile critics following the uproar around voter-profiling firm Cambridge Analytica.
Panera Bread is warning that information on 10,000 customers has been inadvertently exposed. The data leak, however, persisted despite the company being alerted to the problem eight months ago, and there are signs that the victim tally may be much higher.
Russian national Yevgeniy Nikulin, 30, has been extradited to the U.S. from the Czech Republic to face charges that he hacked LinkedIn, Dropbox and Formspring, offering at least some stolen data for sale.
Malaysia's central bank, Bank Negara Malaysia, says it detected and successfully blocked an attack that attempted to steal funds via fraudulent SWIFT interbank money-moving messages. The attack against BNM led the central bank of the Philippines to issue an alert to banks in that country.
Department store chains Saks Fifth Avenue, Saks Off Fifth and Lord & Taylor have suffered a data breach that apparently exposed details on 5 million payment cards. Cybersecurity firm Gemini Advisory says the JokerStash syndicate - aka Carbanak gang - is selling the stolen card data.
Under Armour says an unauthorized intruder gained access to information for the accounts of 150 million users of its MyFitnessPal mobile app and website. Learn why some fear the breach could lead to a massive phishing campaign.
Police have charged 20 Romanian and Italian nationals with running spear-phishing attacks that stole more than $1 million from online bank customers. Phishing remains a favored criminal technique for harvesting account credentials and cryptocurrency, as well as corporate secrets.
Boeing says that a malware outbreak affected a small number of systems but did not disrupt production. An executive has reportedly identified the malware as being WannaCry ransomware and called for "all hands on deck" to respond to the incident.
Five days after a ransomware outbreak crypto-locked city systems, Atlanta has advised its 8,000 employees that they can once again boot their PCs and printers. But information security experts warn that the city's infrastructure still appears to have easily exploitable misconfigurations.
Ransomware isn't an easy area to study. But a team of researchers has calculated the minimum paid by all ransomware victims over a two-year period, and found that nearly 75 percent of the bitcoins attackers received got funneled onto Russia's now-shuttered BTC-e cryptocurrency exchange.