Will the advent of faster payments in the U.S. open new doors for fraud? Business continuity and security are priorities for the Federal Reserve, says Marianne Crowe of the Boston Fed. But independent consultant Richard Party begs the question: Is the U.S. really ready?
WikiLeaks leader Julian Assange's interference in the U.S. elections has earned the Ecuadorian embassy in London's houseguest a slap on the wrist as his internet connection gets taken away. In the interim, maybe he can take up knitting?
SWIFT screwed up. That's the takeaway from a new report into the Brussels-based cooperative, which alleges that the organization overlooked serious concerns relating to smaller banks' security and the risks they posed to the health of its entire network.
Unlike other malware, ransomware practically screams and shouts at victims, and that distinct behavior holds promise for helping to better detect and block ransomware infections, according to Northeastern University security researchers.
MacKeeper squared off with a 14-year-old over four videos he posted that criticized the anti-virus firm's marketing practices, warning the teenager that his parents could face steep legal fees and civil fines for alleged slander and libel.
The GOP platform - adopted at the convention that nominated Donald Trump for president - doesn't mention the term 'hack back' but states: "We ... make clear that users have a self-defense right to deal with hackers as they see fit." Some cybersecurity experts claim the platform encourages "cowboy" justice.
As Europe counts down to implementing its General Data Protection Regulation, which will require EU-wide data breach notifications for the first time, similar efforts to enact a single federal law in the United States remain stalled.
LinkedIn failed to force all users to reset their passwords after a 2012 breach of at least 6.5 million credentials came to light. But it turns out the breach actually compromised 167 million accounts. Whoops.
Following the theft of $81 million from Bangladesh Bank, is it time for banks to make SWIFT money transfers less automated and better supervised and thus secure? An alleged scam from the days of telex machines and code books offers useful perspective.
Who's responsible for the 12 percent uptick in financial fraud losses absorbed by U.S. banks? The American Bankers Association points to retail breaches. But one observer thinks "the ABA has its head in the sand." Read other reactions to the ABA's fraud report.
Financial losses tied to fraud against bank accounts increased about 12 percent from 2012 to 2014, but banks are not to blame. To the contrary, the ABA argues that banks are actually making significant strides in their fraud prevention efforts.
Cybercriminals are in mourning after the shocking announcement from Oracle that it will deep-six its beloved Java Web browser plug-in technology, owing to browser makers failing to support "standards based" plug-ins.
Sophisticated phishing campaigns, increasingly targeted because of social media, are fueling business email compromises - a growing wire fraud scheme that is attacking businesses worldwide, says Jim Hansen of PhishMe.