There's a push to adopt chip-equipped payment cards in the US following high-profile breaches at large retailers and restaurant chains during the past 12 months, but experts warn that switching to this payment system will not make fraud disappear.
Security researchers demonstrated Thursday flaws that can allow hackers to take over mobile point-of-sale (mPOS) devices from different manufacturers by inserting rogue cards into them.
Hackers have stolen user contact information, including email addresses and phone numbers, from the website of the European Central Bank and attempted to extort money from the institution.
Romanian and French authorities have dismantled a cybercriminal network that infected computers at money transfer outlets across Europe and used them to perform illegal transactions.
A new Trojan program designed to steal log-in credentials and other financial information from online banking websites is being advertised to cybercriminal groups on the underground market.
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