Fraudsters steal cash using ATM ‘flash attacks’

Over the last few weeks, criminals have been exploiting weak fraud detection systems used for debit cards with "flash" attacks, where hundreds of withdrawals are made over a very short period of time.Banking

Published on: October 28th, 2010 Jeremy Kirk

Family weeps as TJX hacker gets 20 years in slammer

As his parents and sister silently wept, hacker mastermind Albert Gonzalez was sentenced Thursday in U.S. District Court to two concurrent 20-year stints in prison for his role in what prosecutors called the

Published on: March 29th, 2010 Nancy Weil

Cybercrooks using stolen credentials to plunder small business accounts

An organization representing more than 15,000 financial institutions has issued a warning about a growing wave of attacks against small banks and businesses by cybercriminals using stolen banking credentials to plunder corporate accounts.In

Published on: August 27th, 2009 Jaikumar Vijayan

100 million cards potentially compromised in Heartland breach

A data breach disclosed today by Heartland Payment Systems may well displace TJX Companies' January 2007 breach in the record books as the largest ever involving payment data with potentially over 100 million

Published on: January 22nd, 2009 Jaikumar Vijayan

Microchips – and common sense – help bust debit fraud

Merchants offering customers Interac Direct Payment (IDP) to facilitate sales can now get computer chip technology machines to help guard against fraud, but industry insiders say using common sense is still the best

Published on: March 14th, 2008 Brian Jackson