The Association of Certified Fraud Examiners today announced they have selected Yours Truly as the recipient of this year’s “Guardian Award,” an honor given annually to a journalist “whose determination, perseverance, and commitment to the truth have contributed significantly to the fight against fraud.”
The Obama administration recently issued an executive order requiring that federal agencies migrate to more secure chip-and-PIN based credit cards for all federal employees that are issued payment cards. The move marks a departure from the far more prevalent “chip-and-signature” standard, an approach that has been overwhelmingly adopted by a majority of U.S. banks that are currently issuing chip-based cards. This post seeks to explore some of the possible reasons for the disparity.
In an era when new consumer data breaches are disclosed daily, fake claims about data leaks are sadly becoming more common. These claims typically come from fame-seeking youngsters who enjoy trolling journalists and corporations, and otherwise wasting everyone’s time. Fortunately, a new analysis of recent bogus breach claims provides some simple tools that anyone can use to quickly identify fake data leak claims.
An odd new pattern of credit card fraud emanating from Brazil and targeting U.S. financial institutions could spell costly trouble for banks that are just beginning to issue customers more secure chip-based credit and debit cards.
In the interests of full disclosure: Sourcebooks, the company that on Nov. 18 is publishing my upcoming book about organized cybercrime, disclosed last week that a breach of its Web site shopping cart software may have exposed customer credit card and personal information.
Fortunately, this breach does not affect readers who have pre-ordered Spam Nation through the retailers I’ve been recommending — Amazon, Barnes & Noble, and Politics & Prose. I mention this breach mainly to get out in front of it, and because of the irony and timing of this unfortunate incident.
People who use Gmail and other Google services now have an extra layer of security available when logging into Google accounts. The company today incorporated into these services the open Universal 2nd Factor (U2F) standard, a physical USB-based second factor sign-in component that only works after verifying the login site is truly a Google site.
Multiple banks say they have identified a pattern of credit and debit card fraud suggesting that several Staples Inc. office supply locations in the Northeastern United States are currently dealing with a breach involving in-store customer transactions. Staples says it is investigating “a potential issue” and has contacted law enforcement.
This author has long been fascinated with ATM skimmers, custom-made fraud devices designed to steal card data and PINs from unsuspecting users of compromised cash machines. But a recent spike in malicious software capable of infecting and jackpotting ATMs is shifting the focus away from innovative, high-tech skimming devices toward the rapidly aging ATM infrastructure in the United States and abroad.
The U.S. Justice Department has piled on more charges against alleged cybercrime kingpin Roman Seleznev, a Russian national who made headlines in July when it emerged that he’d been whisked away to Guam by U.S. federal agents while vacationing in the Maldives. The additional charges against Seleznev may help explain the extended downtime at an extremely popular credit card fraud shop in the cybercrime underground.
Adobe, Microsoft and Oracle each released updates today to plug critical security holes in their products. Adobe released patches for its Flash Player and Adobe AIR software. A patch from Oracle fixes at least 25 flaws in Java. And Microsoft pushed patches to fix at least two-dozen vulnerabilities in a number of Windows components, including Office, Internet Explorer and .NET. One of the updates addresses a zero-day flaw that reportedly is already being exploited in active cyber espionage attacks.
