A fraudster has been convicted for a $1.5 million phishing scheme that targeted Chase, BofA and payroll processor ADP. The case proves why more education about socially-engineered fraud is needed.
Global Payments Inc., the breached payments processor, now says the scope of its self-discovered data breach may be broader than initially reported and involve personal data collected from merchant customers.
Four recent breach incidents, including one affecting LinkedIn, have put the spotlight on the effectiveness of hashing. Why is hashing increasingly ineffective at protecting online passwords?
What are the top four malware-related issues that all organizations should focus on this year? Andreas Baumhof of ThreatMetrix shares insights based on five years of malware analysis.
Why are socially engineered schemes causing so many headaches? Symantec's new Internet Security Threat Report shows attacks are growing. Here's a list of Symantec's recommendations to thwart risks.
A U.S. District Court has sentenced the last key figure from 2009's Operation Phish Phry, a two-year international cybercrime investigation that resulted in the arrest of 100 fraudsters on two continents.
In Georgia, a man has pleaded guilty for his role in a $1.3 million phishing scheme. How did Bank of America and Chase help law enforcement agencies crack this alleged international fraud ring?
Which Internet security threats pose the greatest risks to organizations in 2012 and beyond? Symantec has just released its Internet Security Threat Report, which reveals some surprising trends.
In the wake of the Global Payments Inc. card breach, ID theft expert Neal O'Farrell says banks and credit unions must be proactive with outreach to customers. What should institutions' messages include?
Technology is only part of the solution. To truly combat phishing, banking institutions need to address a trickier part of the equation. They need to change human behavior. Here are experts' tips.
How effective will the Domain-based Message Authentication, Reporting & Conformance initiative be at curbing phishing attacks? Security experts at RSA Conference 2012 weigh in.
"The misfortune here for the banks is that they can have the best fraud-detection systems out there ... but it all breaks down when they call the 'hacker' to verify the transaction," says Gartner's Avivah Litan.
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.
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?
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.
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