Barring a catastrophic cyberattack in the next few days to motivate legislators to act, don't expect lawmakers to vote on any cybersecurity bill for the remainder of the current Congress.
Researchers demonstrate how ATMs could be hacked - without installing malware - by connecting a tiny computer to an inside port, bypassing the ATM's own computer and instructing the cash dispenser to begin issuing money.
Criminals have infected at least 50 ATMs in Eastern Europe, including Russia, with malware, dispensing millions of dollars in cash directly to money mules. Interpol warns such attacks could spread worldwide.
"Selling spyware is not just reprehensible, it's a crime," says a U.S. Justice Department official. So why are 245 local U.S. law enforcement agencies and prosecutors giving spyware away for free?
For the first time in its decade-long history, the Federal Reserve's triennial Payments Study includes fraud data. The Fed's Jim McKee says these findings set a baseline about U.S. card fraud trends.
Concerns about ATM cash-outs and fraud reach new heights, as U.S. federal banking regulators warn institutions to watch out for the fraudsters' latest scheme, known as "unlimited operations."
The FFIEC has issued notices spelling out its expectations for the steps that financial institutions should take to mitigate risks posed by ATM cash-out schemes and the continued DDoS attacks on public-facing websites.
Seventeen individuals are facing charges for their alleged roles in an international ATM skimming and money laundering scheme. The indictments of multiple individuals for a low fraud amount is encouraging, experts say.
A review of the RSA 2014 agenda shows several seminars, panels and speakers of particular interest to healthcare-focused attendees, including those focused on mobile device security and medical device hacks.
While the U.S. migration toward EMV card technology may have been jolted by a July court ruling, Randy Vanderhoof of the Smart Card Alliance contends the movement toward EMV will accelerate in 2014.
The author of the forthcoming book "Secrets and Leaks" explains why the acts of NSA whistleblower Edward Snowden don't carry the same weight as those of Pentagon Papers leaker Daniel Ellsberg.
Advanced threats and mobile security were the buzzwords of the Gartner Security & Risk Management Summit. What new insights did thought-leaders share, and how can they reshape our security posture?
Another organized cyber-attack and subsequent cash-out scheme illustrates increasing risks to the U.S. payments chain. One fraud expert says this trend "is of grave concern" for banking institutions and their accountholders.
Financial fraud expert Joe Rogalski explains why card issuers are ultimately responsible for losses linked to ATM cash-out schemes, like the $45 million worldwide cyberheist that made headlines last month.
A recent ATM cash-out scheme that netted $45 million puts a spotlight on the need for preventive measures, says John Buzzard of FICO's Card Alert Service. He offers several fraud mitigation tips.
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