U.S. card issuers and retailers agree tokenization has to be part of the country's EMV migration. But making investments in tokenization won't make sense for merchants until a universal, open standard for tokenization is developed.
Financial transactions on smart phones require layered security that helps outsmart cyberthieves, says Alan Dabbiere, chairman of AirWatch, who describes today's mobile challenges.
Payment solutions provider Charge Anywhere is warning merchants and cardholders of a data breach that may have exposed information related to payment card transactions dating back as far as Nov. 5, 2009.
Who hacked Sony? Not us, say the North Koreans, ending days of silence. As Deloitte becomes the latest victim of the G.O.P. gang that's claimed credit, one thing is certain: Sony won't have to buy the movie rights to this hacking story.
Barring a catastrophic cyberattack in the next few days to motivate legislators to act, don't expect lawmakers to vote on any cybersecurity bill for the remainder of the current Congress.
A massive international operation has resulted in the arrest of 118 people suspected of using stolen card data to buy airline tickets, or using fake tickets, thanks to big data capabilities for combating crime.
Cybercriminals are perfecting the automated systems they use to verify stolen debit and credit card data by exploiting charitable websites. Learn why these sites are so-called soft targets for hackers.
Retailers cannot avoid innovation. Yet, cybercriminals thrive when retailers innovate. What, then, can retailers do to stop cybercriminals from breaching their defenses? Here are three key questions to answer.
At Information Security Media Group's Fraud Summit Dallas, security experts said banks should be bracing for a major overhaul of the payments infrastructure as emerging technologies hit the market.
Staples has confirmed that its retail point-of-sale systems were compromised earlier this year by malware-wielding attackers. Learn what two card issuers say about fraud tied to the breach.
While card issuers and payments acquirers are speeding up their EMV rollouts, Kate Larson of the Consumer Bankers Association says banks also should be implementing other technologies, including tokenization, in their efforts to fight fraud.
The stiff sentence of a cybercriminal for his role in an Internet-based scheme that trafficked in hacked payment card sends a strong message about the serious nature of ID theft. But experts say more tough sentences are needed to deter fraudsters.
While banking associations debate with merchant groups about cybersecurity responsibilities, SWACHA CEO Dennis Simmons says more attention must be paid to the role cardholders play in protecting their accounts.
Comptroller of the Currency Thomas Curry says "it's only fair" that merchants should be responsible for some of the expenses that result when their systems are breached. Now, security experts consider the implications of his comments.
MasterCard is testing a biometric wristband that authenticates a user's identity for payment card transactions by monitoring their heartbeat. Payment experts weigh in on whether the technology has the potential for widespread use in preventing card fraud.
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