Prosecutors recommended that twin brothers Muneeb and Sohaib Akhter serve a six-year and a two-year sentence, respectively, after pleading guilty to hacking-related charges. But one of the men received a much lighter sentence.
Proposed federal legislation calls for testing the use of smart cards, similar to the chip cards being rolled out by the U.S. credit card brands, for Medicare patient identification to help reduce fraud. Kelli Emerick, leader of the Secure ID Coalition, explains the proposal.
As a result of Experian's data breach, 15 million T-Mobile subscribers are at risk from phishing attacks and fraud. But it's not clear what more T-Mobile can do to protect breach victims, says security specialist Mark James.
The prices for stolen payment card data and other cybercrime products and services on Russian underground forums continue to fall. But the cybercrime ecosystem is more automated, effective and robust than ever, Trend Micro reports.
The FTC says LifeLock has violated a 2010 settlement by continuing to make deceptive claims about its identity theft protection services. After the FTC made the announcement on July 21, Lifelock's stock value plummeted.
The Department of Justice has announced the indictments of two individuals in separate fraud cases affecting the University of Pittsburgh Medical Center. The cases spotlight the challenges healthcare organizations face in the fight against fraud.
A massive breach at the U.S. Office of Personnel Management wasn't discovered by government sleuths - or the Einstein DHS intrusion detection system - but rather during a product demo, a new report says.
How do Organized Fraud Rings (OFR's) monetize the personal information made widely available from the growing number of data breaches? How can we detect and disrupt this activity?
From these breaches, fraudsters obtain just enough personal information to access user accounts or attempt to pull free credit reports...
Nine individuals have pleaded guilty to charges stemming from their roles in an identity fraud scheme. Among the defendants is a former military hospital worker who stole soldiers' personal information to file false federal tax returns, prosecutors say.
As data breaches continue to multiply, employers must not overlook how intrusions could lead to the theft of employees' identities, paving the way for fraud, says ID theft expert Johnny May. He will keynote the March 24 Fraud Summit Atlanta.
Bankers are criticizing one federal regulatory agency for how it has responded to a breach of unencrypted consumer data that occurred during a routine banking exam. They're saying regulators should focus more on their internal security practices.
Our identities are clearly becoming more and more of a critical asset every day, providing us access to and authority within every aspect of our personal, financial and professional lives. Because of this, their value is increasing exponentially, thus making their theft far more lucrative. In this opening session...
As various batches of stolen credit card "dumps" are offered for sale with discount structures and money-back guarantees, it is clear just how sophisticated the Fraud Ecosystem has become. The fraudsters and their support teams have created well-organized forums offering a broad variety of products that constitute a...
The sentencing of a former Alabama hospital worker to two years in prison for his role in an ID theft incident that resulted in tax refund fraud, and a related class action lawsuit, illustrate that insider threats are a major ongoing challenge, two privacy experts say.