Visa and Target have reached an agreement that reportedly will reimburse card issuers a total of up to $67 million for fraud losses and expenses tied to the retailer's 2013 breach, which exposed some 40 million payment cards.
The Consumer Financial Protection Bureau's new recommendations, including security steps, for the development of faster payments are raising questions among security experts. One contends some of the guidelines could do more harm than good.
The newly revealed card breach at Denver-based managed service provider Service Systems Associates reinforces concerns noted this week by the FS-ISAC in an alert about the risks smaller merchants face when outsourcing payments services.
Highly publicized payment card breaches affected millions of consumers in 2014. In the wake of these breaches, retailers, financial institutions, payment processors and credit card brands responsible for delivering these systems in the United States are facing more scrutiny than ever before and are meeting at a...
PCI-DSS will remain a viable standard even after EMV, as well as encryption and tokenization, become more common, argues Jeremy King of the PCI Council. He acknowledges, however, that the standard will have to evolve in light of changes in the payment system.
Bank-owned digital payments network clearXchange is rolling out a real-time payments platform that will be available to 100 million online banking customers. Security experts weigh in on the fraud concerns.
Wipro has developed a fraud detection model for improved risk management using big data analytics. Can CISOs leverage it to reduce risk, enhance process efficiency and refine fraud detection algorithms?
A three-month breach of card transactions at New York's Eataly restaurant/grocery store, and reports about two new malware strains, highlight why more attention needs to be paid to POS system security.
Comptroller of the Currency Thomas Curry says banks need to be better prepared to address the cyber-risks associated with new payments systems, and he calls for closer regulatory scrutiny of non-bank payments providers.
The EMV Migration Forum has published a new "roadmap" to help card issuers, acquirers and merchants prepare for the October card-present fraud liability shift date. Director Randy Vanderhoof explains why the clarification is needed.
Sally Beauty Supply says that a four-week investigation shows that the retailer suffered a six-week point-of-sale malware attack at U.S. stores, compromising card data for an unknown number of customers.
Five best practices noted in version 3.0 of the PCI Data Security Standard will become requirements after June 30, with remote access and third-party risks the key focus - particularly for smaller merchants.