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Cybersecurity researchers today disclosed details of two newly identified Magecart attacks targeting online shoppers of bedding retailers MyPillow and Amerisleep . Magecart is an umbrella term researchers gave to at least 11 different hacking groups that are specialized in implanting malware code on e-commerce websites with an intent to steal payment card details of their customers silently. Magecart made headlines last year after attackers conducted several high-profile cyber attacks against major international companies including British Airways , Ticketmaster , and Newegg . Magecart hackers use a digital payment card skimmer, a few lines of malicious Javascript code they insert into the checkout page of hacked websites and designed to captured payment information of customers in real time and then send it to a remote attacker-controlled server. Earlier this year, Magecart attackers also compromised nearly 277 e-commerce websites in a supply-chain attack by inserting its

MasterCard has unveiled its brand new payment card that has a built-in biometric fingerprint scanner, allowing customers to authorize payments with their fingerprint, without requiring a PIN code or a signature. The company is already testing the new biometric payment cards, combined with the on-board chips, in South Africa and says it hopes to roll out the new cards to the rest of the world by the end of 2017. Don't Worry, It Still Supports PIN-based Transactions as Fallback Wait — If you think that this feature would not allow you to share your card with your child and spouse, don't worry — Mastercard has a solution for this issue as well. The company has confirmed that even if the card is configured to expect the fingerprint for authenticating a purchase, but it does still have a PIN as a fallback, in case, for some reason EMV readers fail to read fingerprint or you have yourself handed it to your child for shopping. Stores & Retailers Don't Need New Hardw

Account takeover attacks have emerged as one of the most persistent and damaging threats to cloud-based SaaS environments. Yet despite significant investments in traditional security measures, many organizations continue to struggle with preventing these attacks. A new report, " Why Account Takeover Attacks Still Succeed, and Why the Browser is Your Secret Weapon in Stopping Them " argues that the browser is the primary battleground where account takeover attacks unfold and, thus, where they should be neutralized. The report also provides effective guidance for mitigating the account takeover risk.  Below are some of the key points raised in the report: The Role of the Browser in Account Takeovers According to the report, the SaaS kill chain takes advantage of the fundamental components that are contained within the browser. For account takeover, these include: Executed Web Pages - Attackers can create phishing login pages or use MiTM over legitimate web pages to harve

The son of a prominent Russian lawmaker has been found guilty in the United States of running a hacking scheme that stole and sold 2.9 million US credit card numbers using Point-of-Sale (POS) malware, costing financial institutions more than $169 Million. Roman Seleznev , 32, the son of Russian Parliament member Valery Seleznev, was arrested in 2014 while attempting to board a flight in the Maldives, which sparked an international dispute between American and Russian authorities, who characterized the extradition as a " kidnapping ." Prosecutors introduced evidence from a corrupted laptop seized by the authorities at the time of his arrest.  "I don't know of any case that has allowed such outrageous behavior," said his lawyer, John Henry Browne. Also Read: How to Freeze Credit Report To Protect Yourself Against Identity Theft . According to the Department of Justice, Seleznev, who also went by the moniker ' Track2 ' online, was convicted in

Hyatt Hotels Corporation is notifying its customers that credit card numbers and other sensitive information may have been stolen after it found malware on the computers that process customer payments. "We recently identified malware on computers that operate the payment processing systems for Hyatt-managed locations," the company announced on Wednesday. "As soon as we discovered the activity, we launched an investigation and engaged leading third-party cyber security experts." What type of information? The company didn't confirm whether the attackers succeeded in stealing payment card numbers, neither it say how long its network was infected or how many hotel chains were affected in the malware attack. But as the payment processing system was infected with credit-card-stealing malware, there is a possibility that hackers may have stolen credit card numbers and other sensitive information. What happened? Hyatt spokeswoman Stephanie Sheppard

The massive data breaches in U.S retailers ' Target ' and ' Neiman Marcus ', in which financial credentials of more than 110 million and 1.1 million customers were compromised respectively, have put a spotlight on the need for more secure transactions. To tackle this issue, the two major payment card brands, MasterCard and Visa have announced the formation of a new cross-industry group that will focus on the security of the enhancing payment system to keep pace with the expectations of consumers, retailers and financial institutions in the United States. " The recent high-profile breaches have served as a catalyst for much needed collaboration between the retail and financial services industry on the issue of payment security," says Ryan McInerney, president of Visa Inc. "As we have long said, no one industry or technology can solve the issue of payment system fraud on its own. " The joint effort aims to advance the migration to EMV chip cards, also kno