Could too much regulatory oversight hinder cyberthreat information sharing, rather than encourage it? That's an increasing concern for bankers, who argue regulators could bog down progress in cybersecurity.
As Keith Alexander tells it, when he led the National Security Agency, he didn't exist. Alexander discovered that 'fact' after he retired on May 21 as director of the NSA and commander of the Cyber Command and began shopping to buy a new home.
Advanced payments technologies, such as chip cards, tokenization and end-to-end encryption, are effective at stopping card fraud at retailers, but only if they're used as part of a comprehensive threat-mitigation plan, says First Data's Paul Kleinschnitz.
A bank's $350,000 settlement with a California oil company should serve as a reminder that reasonable security measures offered by banks are increasingly critical to the outcome of account takeover disputes.
If the NSA's meddling in NIST cryptography standards soiled the reputation of the National Institute of Standards and Technology, an amendment approved by the House of Representatives could help restore it.
Over the next five years, the U.S. payments infrastructure is slated to undergo a major overhaul, with the Federal Reserve leading the charge. Two Fed leaders share insights on the impact on U.S. banking institutions.
P.F. Chang's confirmed card breach has renewed debate about the state of security at U.S. merchants. The PCI Council's Bob Russo says that while there has been progress in recent months, the retail industry still has a long way to go.
Identity fraud is one of consumers' most feared crimes, and at banks those schemes translate into application fraud. FICO's Adam Davies discusses today's common application fraud scams and how to stop them.
"Banks can play offense, to use mobile in a justifiable way to engage customers into their security," says Jim Van Dyke of Javelin Strategy & Research. He outlines a strategy for using mobile devices to enhance fraud detection.
The British government aims to increase uptake of five essential security controls at U.K. businesses, backed by third-party annual audits and a badge of compliance. Many government contractors must comply.
The Financial Stability Oversight Council says banking regulators need to ensure institutions are expanding their cyber-intelligence sharing and third-party oversight as attacks against the financial infrastructure mount.