March 27, 2013 Added by:Infosec Island
A new malware targeting point-of-sale (POS) systems and ATMs has stolen payment card information from several US banks, researchers say. The author behind the malware appears to have links to a Russian cyber-crime gang.
March 20, 2013 Added by:Patrick Oliver Graf
The safeguarding of private customer information has become a top priority for many organizations, thanks in no small part to government regulation and industry oversight, as we move toward an increasingly digital world.
March 05, 2013 Added by:Robert Siciliano
A good friend of mine called me recently to ask what I knew about scams from online sales. He had placed an ad on CraigsList for something he was trying to sell and had asked for $150 for the item. He had received a call from a woman and she offered to send him a check for the item....
February 13, 2013 Added by:Kelly Colgan
The movie “Identity Thief” opened nationwide last weekend, and while we love a good laugh, this flick comes at a cost: the truth. Here are five major plot points that do a disservice to an often-misunderstood crime...
January 29, 2013 Added by:Ben Kepes
Banks have a unique opportunity here – they have existing bricks and mortar, they have a deep insight into customer behaviour and they have the resource to really drive an expensive change in their industry – all they need now is the vision, the appetite for self-disruption and a focus on innovation. Exciting times...
December 05, 2012 Added by:Jackie Singh
Well, one thing that makes the use of bank card schemes quite safe is that it’s quite a bit harder to clone the value of a card on to another. It’s certainly doable to clone the card itself and use it multiple times, but it’s going to drain the account as it is used...
October 25, 2012 Added by:Robert Siciliano
Over the past 5 years a scam known as electronic funds transfers at the point of sale (EFTPOS) or skimming has been prevalent. Consumers commonly swipe both credit and debit cards through the in-store machines to pay for goods and services and hackers have been adept at coming up with ways to skim those cards...
October 24, 2012 Added by:Brent Huston
Instead of using your actual name as your login, why not use something different that is hard to guess and doesn’t reveal anything about your identity? It always pays to make it as tough on the cyber-criminals as possible..
October 09, 2012 Added by:Mikko Jakonen
How come banks are telling people to maintain their security better, without putting their OWN reputation and capabilities in line with the DIRECT consequences of the change paradigm towards ‘webalized’ approach we have witnessed for years, has now resulted as poor operational security...
September 26, 2012 Added by:Pierluigi Paganini
A possible Iranian cyber offensive against US banks has been discussed recently, and immediately denied by government of Teheran. Financial institutions are targets for a cyber attacks, as the banking system is a critical asset for a nation and its paralysis could damage economic activities...
September 13, 2012 Added by:Robert Siciliano
A 60-day window covers two billing cycles, enough for most account-conscious consumers who keep an eye on their spending. Victims of fraudulent credit card charges only wind up paying the unauthorized charges if they fail to report the credit card fraud within 60 days...
September 08, 2012 Added by:Joel Harding
No computer in the world is safe from a determined hacker. Most of us don’t properly secure our computer, our smart phone, or even our wallets. So how in the heck does storing your credit and debit card information “in the cloud” help you secure your already vulnerable information?
July 05, 2012 Added by:Headlines
The old adage that “criminals go where the money is” means that bank robbers go online, Executive Director of ENISA, Professor Udo Helmbrecht states. It should come as no surprise that large organized crime groups are targeting online banking sites. Still, the attacks drew much attention for three reasons...
June 26, 2012 Added by:gaToMaLo r. amores
Greendot and other Reloadable debit cards are not a safe means of conducting anonymous financial transfer. The financial networks created by these cards are very prone to network analysis. There is an unacceptable amount of cross network contamination for vendors...
June 21, 2012 Added by:Pierluigi Paganini
Automatic Transfer Systems (ATSs) have been introduced in some variants of the infamous SpyEye and ZeuS Trojans, the nightmares of the banking world. The ATSs are parts of WebInject files known to be a collection of scripts implemented to steal online banking, email, and financial account credentials...
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