Slideshow The Week in Security

Published
  • March 16 2012, 12:12pm EDT

Interception

A fraud-fighting system from vendor Norse Corp. tries to intercept fraud before payments hit the card networks — and before the networks' own anti-fraud services have a chance to kick in. (Image: ThinkStock)

Reverse Engineering

Phishers usually impersonate banks. But in a recent scam, phishers instead impersonated bank customers by taking over their email accounts and then requesting wire transfers from employees of Western National Bank, according to Krebsonsecurity.com. The bank thwarted two out of three fraud attempts by phoning the customer before moving any money. (Image: ThinkStock)

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Chips Ahoy

Discover has issued its own mandate for conversion to the EMV chip-card standard, which provides more security than plain magnetic-stripe cards. Visa and MasterCard have already issued their own timelines for conversion. (Image: Bloomberg News)

Love Hurts

The pornography website Digital Playground has been breached by the hacktivist group The Consortium, which took credit for posting the card account details of 40,000 of the site's customers. The group also posted the email addresses, usernames and passwords of 7,000 accounts. (Image: ThinkStock)

Locking Up

LifeLock, a consumer ID theft protection company with a storied history, has purchased ID Analytics to improve its appeal as a vendor to banks. (Image: ThinkStock)

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Fraud Flounders

The fraud problem is not as bad as you think. A combination of technology and customer awareness has led to significant drops in online and payment-card fraud, among other types, explains Brett King, founder of Movenbank, in a BankThink column. (Image: Eduardo Segovia)

Phone Fears

Consumers are warming to mobile banking and mobile payments, but many are still avoiding the mobile channel because of fears over security, according to a Federal Reserve Board study. (Image: ThinkStock)

Pricey Problem

BlueCross BlueShield of Tennessee has agreed to pay the government $1.5 million in a settlement over a 2009 data breach. An intruder stole 57 hard drives with the unencrypted information of about 1 million people. BlueCross said it has already incurred about $17 million in expenses related to the breach. (Image: ThinkStock)