Banking institutions that are considering whether to accept virtual currencies, such as Bitcoin, must consider the risks involved, including money-laundering. Learn about the very latest Bitcoin developments.
The resignation of Target CEO Gregg Steinhafel reflects a shift in corporate thinking about cybersecurity, raising new questions about whether CEOs should be held accountable for data breaches.
Using technology to devalue card data, and leveraging data analytics, are essential to efforts to crack down on fraud, Visa's Ellen Richey said in her keynote presentation at the San Francisco Fraud Summit.
Instead of approaching mobile defensively, banking institutions should be discussing how mobile integration can improve cross-channel security, says Jim Van Dyke of Javelin Strategy & Research.
Industry analysts are debating why it took retailer Michaels nearly three months to confirm a breach of its point-of-sale network, and they're asking if the breach is linked to others, including those at Target and Neiman Marcus.
Verizon's latest annual breach report shows that Web application attacks increased more than malware-fueled point-of-sale intrusions in 2013, says analyst Dave Ostertag, who provides an overview of the report's findings.
Ellen Richey of Visa, keynoter at the April 29 Fraud Summit San Francisco, outlines key card fraud-fighting trends for the year ahead, including the U.S.'s migration toward EMV, greater use of tokenization and heightened fraud detection.
Arts and crafts retailer Michaels says an investigation has now confirmed a data breach involving sophisticated malware may have compromised account information for 3 million payment cards.
In the wake of recent high-profile retail breaches, the PCI Security Standards Council is supporting a move toward chip card technology that conforms to the Europay, MasterCard, Visa Standard, says General Manager Bob Russo.
Banking institutions and retailers are working to enhance cybersecurity collaboration, but the Consumer Bankers Association wants more regulatory oversight of merchants, says the CBA's David Pommerehn, a speaker at the upcoming Fraud Summit San Francisco.
Analysts say it's easy to believe the Neiman Marcus data breach may be tied to attacks on Heartland Payments Systems Inc. and other entities. But tracking the crimes is one thing; prosecuting is quite another.
Concerns about ATM cash-outs and fraud reach new heights, as U.S. federal banking regulators warn institutions to watch out for the fraudsters' latest scheme, known as "unlimited operations."
In many if not most enterprises, the chief information security officer reports to the chief information officer. After all, enterprises cannot function without IT, and security is a support function to safeguard data and systems. Or is it?
Fraudsters are increasingly turning to prepaid cards to move money and perpetrate fraud, says payments fraud expert Tom Wills. Today, prepaid cards are the new money mules, he says.
One of the two banks that filed a class action lawsuit against Target and Trustwave tied to the retailers' data breach last year has dismissed its claims. Three security experts offer an analysis.
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