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 US organizations with less than 500 employees experienced a median loss of $280,000 per year due to employee theft across a wide range of industries  

As the mobile commerce channel continues to surge, a new study finds that merchants are not keeping pace with growth when it comes to fraud and mobile payment adoption.

 Wall Street banks and other financial institutions need further strengthening of their cyber security measures.

The wristband would identify a customer's unique heartbeat to verify his or her identity when using a banking app on a smartphone.

Four out of five global retailers and other merchants failed interim tests to determine whether they are in compliance with payment card data security standards.

 Microsoft has sued a group of hackers who have allegedly stolen millions of dollars from computer users and financial institutions using malware disguised as its Windows software.

A public hospital in Washington state is suing Bank of America to recoup some of the losses from a $1.03 million cyberheist.

 Mastercard and Visa are implementing new cybersecurity measures to ensure that hacked credit card data will be less valuable to hackers.

MasterCard is working with Visa to create a new authentication standard for online payments that will gradually replace the 3D Secure protocol with “invisible authentication”.

 JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said the bank will probably double its $250 million annual computer-security budget within the next five years.