Attorneys general in nine states say card issuers should move to chip-and-PIN, rather than chip-and-signature, as they roll out EMV. But are other issues, such as wider use of encryption and tokenization, more worthy of attention?
As U.S. merchants shore up physical point-of-sale security by upgrading their terminals to accept EMV chip cards, attackers are turning their aim toward new, unattended targets. Here's the latest on how to respond to "shimming" attacks.
Distributed-denial-of-service attacks on banks are more powerful than ever, but we hear less about them than we did three years ago. How have attackers changed their tactics, and why should we be even more concerned about their strikes?
While sophisticated cyberattacks and high-profile mega-breaches get most of the attention, European fraud experts say less sophisticated attacks are far more common and pose a greater fraud risk. At ISMG's Fraud Summit in London, they called for global collaboration to fight fraud.
Bob Carr, CEO of Heartland Payment Systems, contends that not enough progress has been made in improving payments security in the seven years since the processor experienced a massive breach. Find out why he argues that retailers and processors still have much more to do.
ATM fraud losses are increasing globally, and we can expect to see this trend continue as the U.S. ramps up its migration to EMV at the point of sale. Unattended terminals are easy to compromise, and they will always be among fraudsters' favorite targets.
Convenience store operators say they aren't going to be fully EMV compliant anytime soon - and it's not their fault. Learn what else they had to say about their security challenges at this week's NACS Show 2015 in Las Vegas.
An alert issued - and then yanked - by the FBI about fraud vulnerabilities linked to EMV chip cards is reigniting the debate between bankers and retailers over whether EMV in the U.S. should be chip-and-PIN or chip-and-signature.
What impact will the Oct. 1 fraud liability shift date have on EMV chip adoption? It's far too soon to tell. For now, though, it's clear that many merchants still lack the necessary POS equipment, and many consumers still lack chip cards - which means mag-stripe transactions remain commonplace.
The fraud shift as a result of the migration to EMV chip payments in the U.S. will extend beyond card-not-present payments, experts at Information Security Media Group's fraud and data breach summits in San Francisco last week warned.
The urgency of shifting to EMV to reduce card fraud is one of many hot topics on the agenda at Information Security Media Group's Fraud Summit San Francisco, to be held Sept. 15. Keynoter Eduardo Perez of Visa will kick things off with an in-depth analysis of the migration to EMV.
The FDIC says cybersecurity is a business continuity issue. So it's offering banks a series of videos and exercises to help them address key threats, including account take-over, malware infections and other risks related to third parties.
News that charges were filed last week against two California residents for their alleged roles in the 2011 Michaels crafts stores breach, which involved terminal tampering, is a reminder of how much hackers have improved their techniques in just four years.
With so much stolen PII available to fraudsters, it's time for banks and others to move to more sophisticated forms of authentication of customers' identities. Knowledge-based authentication is no longer reliable.