Five financial institutions have filed a class action suit alleging that two acquiring banks, Heartland Bank and Key Bank, should be included as defendants and share responsibility for damages caused by the Heartland Payment Systems data breach.
I remember Jan. 20, 2009, as a date of historic significance. Not only did the country see the swearing in of the first African American U.S. President, but at the same time as the country's eyes were on Washington, D.C., there was another historic event happening.
What are the new year's top trends in banking, payments and security?
Javelin Strategy & Research has just released its Top 10 Trends report for 2010. James VanDyke, president of Javelin, discusses:
Top headlines from the new report;
Biggest threats to banks, payments and security;
The "next big thing" in...
The call to aid the devastated country of Haiti came just hours after a 7.0 earthquake hit the impoverished Caribbean island on Tuesday.
Just as quickly as the tweets came in asking for donations, so too came the cyber criminals looking to divert funds from legitimate charities to their own pockets.
Malware is increasingly sophisticated, and social media are the common new venues for attacks.
These are the headlines from the latest Cisco Annual Security Report. Patrick Peterson, Cisco senior fellow, offers highlights of the report, discussing:
Top trends and threats;
The risks to specific vertical...
The $60 million settlement announced by Heartland Payment Systems and Visa on Friday didn't come without some provisions (translated: strings attached) for those institutions thinking about taking the settlement offer.
Reports of ATM fraud incidents continue to rise.
Criminals hit ATMs in two states over the recent holidays to skim account numbers and PINs from customers in North Carolina and Florida, according to police.