The transition to PCI DSS v4.0 is a major inflection point for the payments industry – not only does it restructure how risk is assessed, but it also provides a better foundation for meeting ongoing technical innovation. While organizations with mature programs may need comparatively little uplift, all organizations...
A U.S. law enforcement investigation involving multiple countries resulted in the shutdown of an online marketplace selling millions of Social Security numbers, payment cards and other credentials. Prosecutors unsealed a complaint against a Moldovan man fingered as the operator.
Cyber criminals are running scripting attacks on e-commerce sites that attempt to complete small payments by automatically inputting payment card numbers based on the Ally Bank identification number. There are no indications of a data breach at Ally Bank, says a source close to the fraud detection.
Skyrocketing attack rates, double and triple extortion, increasing ransom demands… cybercriminals are inflicting pain in every way imaginable when it comes to today’s ransomware attacks. And you need to be prepared to protect your network, NOW.
Find out the steps you need to take to minimize damage to your...
The PCI Security Standards Council on Thursday released the Payment Card Industry Data Security Standard version 4.0. The latest version's improvements are intended to counter evolving threats and technologies, and the new version will enable innovative methods to combat new threats.
Learn how advanced analytics and machine learning help financial organizations proactively detect and prevent fraudulent payments.
As new payment types proliferate globally, payment and identity fraud is also skyrocketing. In 2021, global card fraud losses hit a staggering $28.58 billion.
To survive and stay...
2021 has been a dynamic year for fraud and financial crime, and the events that have emerged out of the quickly changing risk landscape continue to create new vulnerabilities for financial services organizations (FSOs).
Key fraud and AML trends of the past year have been particularly prevalent and are positioned...
Four editors at ISMG discuss important cybersecurity issues, including law enforcement agencies' crackdown on ransomware operations, how banks are building their technology stacks to counter card fraud and whether the "work from anywhere" model is beneficial for employees in the long term.
Neiman Marcus Group says it is notifying 4.6 million of its online customers who are affected by a data breach that occurred in May 2020. The data includes personally identifiable data, payment and gift cards, online account credentials and security questions.
Banks are uniquely exposed to secondhand risk and fraud resulting from compromises of payment card information at merchants in other industries, particularly retail, hospitality, and ecommerce. A significant proportion of fraud against retail banks issuing credit cards therefore results from incidents on networks and...
A Russian-speaking cybercriminal recently sold on a darknet forum thousands of stolen payment and gift cards that researchers at Gemini Advisory believe were taken from the now-defunct online gift card exchange Cardpool.com.