Security News

Day Trader Indicted for Hacking, Securities Fraud
2017-11-09 14:38

A day trader has been indicted on four counts for his alleged role in a scheme that involved hacking into online brokerage accounts and using them to make fraudulent transactions. read more

Fraud Tied to Billing Software? Lawsuit Raises the Issue
2017-11-06 22:03

Whistle-Blower Claims Epic Systems Software Enables Double-BillingA whistle-blower false claims lawsuit filed against electronic health records vendor Epic Systems raises the issue of whether the...

Fraud Detection in Pokémon Go
2017-11-03 11:35

I play Pokémon Go. (There, I've admitted it.) One of the interesting aspects of the game I've been watching is how the game's publisher, Niantec, deals with cheaters. There are three basic types...

IBM Helps Banks Prevent New Account Fraud
2017-10-31 10:56

IBM Security announced on Tuesday the launch of a product designed to help banks and other service providers protect their customers against new account fraud (NAF). read more

Lending industry faces higher fraud costs than e-commerce, retail and financial services
2017-10-26 13:30

Lenders face higher costs of fraud than other industries, including retail, e-commerce and financial services. For every dollar of fraud, lending companies incur $2.82 in costs, which includes...

The Power of Visual Fraud Data
2017-10-26 13:18

Rik Van Bruggen of Neo4J on How Graph Technology Can Improve Fraud DetectionCross-channel fraud is a growing problem for banking institutions. But Rik Van Bruggen of Neo4J says that the use of...

Credit Union Sues Equifax Over Breach-Related  Fraud Costs
2017-09-25 10:18

Lawsuit Seeks Reimbursement for Breach-Related Fraud, Card-Reissuing CostsSummit Credit Union of Wisconsin is seeking class-action status for a lawsuit against credit bureau Equifax. The credit...

Visa on Growth of Card-Not-Present Fraud
2017-09-19 17:18

Gord Jamieson Outlines How Canada Is Responding to New Wave of CNP IncidentsCanada led North America in EMV adoption, and now it is seeing a commensurate growth in card-not-present fraud. Gord...

Arrests for Aadhaar-Related Fraud Raise Concerns
2017-09-14 13:03

Security Experts Again Question Whether ID System Is ReliableThe arrest of 10 men in Uttar Pradesh for allegedly cloning fingerprints of authorized Aadhaar enrollment officers is once again...