The U.S.'s move to EMV alone will not eliminate fraud because certain data elements could still be exposed in the breach of EMV card transactions, says Jeremy King of the PCI Security Standards Council, who highlights other essential security steps.
Emerging cybersecurity risks are now banking institutions' top concern, says the ABA's Heather Wyson-Constantine. What are institutions' contractual protections in the wake of a third-party data breach?
Knowing exactly when to share information with law enforcement in the wake of a breach is challenging, says Assistant U.S. Attorney William Ridgway, a featured speaker at ISMG's Fraud Summit Chicago on May 19.
Partners HealthCare System is the latest healthcare organizations to suffer a data breach following a phishing attack. But why did Partners wait five months to issue a breach notification, when HIPAA requires notifications within 60 days?
Security firms report a sharp rise in the quantity of attacks that use macro code - designed to automate tasks - to trigger malware downloads, often for the purpose of stealing people's online banking credentials.
Partners HealthCare System announced that it is the latest healthcare organization hit by a data breach attributed to a phishing attack. The records of an estimated 3,300 individuals may have been compromised in the incident.
The latest victim of malware attacks against point-of-sale system vendor NEXTEP is foodservice management company Compass Group, which says payment card data for up to 70,000 users of self-service kiosks was exposed.
Romanian authorities' detention this week of 25 suspects believed to be part of an international cybercrime ring could be linked to a $45 million ATM cash-out scheme dating back to December 2012, security experts say.
Laws rarely, if ever, keep up with technology, but even if they could, the consequences could prove more harmful than the benefits. That was evident at a House hearing that addressed default encryption of mobile devices.
As the U.S. completes its payments migration to the EMV chip, merchants and card issuers should be bracing for an uptick in card-not-present fraud, says Carol Alexander, head of payment security at software provider CA Technologies.
A class-action suit filed by U.S. banks and credit unions that's pending against Target could prove fruitful for the banks and credit unions, says attorney Chris Pierson, chief security officer at invoicing and payments provider Viewpost.