A group of researchers from Cambridge University have discovered two critical flaws in the "Chip and PIN" (EMV) smart card payment system that can be misused to "clone" cards so effectively that normal bank procedures won't spot the fake.
Customers of a number of US banks have recently been hit by Voice over IP phishing (vishing) attacks orchestrated by eastern European cyber crooks, warns John LaCour, founder and CEO of PhishLabs.
Microsoft has been aggressively campaigning to get users to stop using Windows XP, and has gone so far as to offer $100 off the purchase of a new PC via the Microsoft Store in order to sweeten the switch to a newer OS (preferably Windows 8).
MasterCard and Visa announced the formation of a new cross-industry group focused on enhancing payment system security to keep pace with the expectations of consumers, retailers and financial institutions.
Malware peddlers employing a new Zeus banking Trojan variant have resorted to hiding the malware's configuration file into innocuous-looking sunset and cat photos, warns Trend Micro.