When it comes to describing the top fraud threats to UK financial institutions, it's all about compromised identities and credentials, says John Marsden of Equifax. How can organisations prove their customers are who they say they are?
The FBI calls and notifies you of a payment card breach, and every compromised card is linked to a transaction with your organization. Quickly: Who stole the data? How did they get access?
Register for this session to participate in a mock payment card breach investigation using Dell Software's IT Security Search....
As U.S. ATM operators face MasterCard's Oct. 21 EMV liability shift deadline, a surge in explosive attacks against European ATMs is a reminder that anti-fraud features won't block all money machine crime.
As the cost of cybercrime escalates across all industries, banks are suffering the most. Banks are paying particular attention to payment fraud through online and mobile channels - wire transfer fraud has more than doubled year over year and 73% of organizations experienced payments fraud in 2015. (AFP 2016 Payment...
A malware-wielding gang has been targeting financial firms' SWIFT software to inject fraudulent money-moving messages since at least January in "discreet campaigns" not tied to the Bangladesh Bank hack, Symantec warns.
This case study delves into how El Paso Area Teachers Federal Credit Union was able to use strong authentication to simultaneously:
Secure access to all applications
Eliminate the cost and frustration of password resets
Improve employee productivity and satisfaction
A Michigan credit union's bold move to block members from using their payment cards at all Wendy's locations following a malware attack won't do much to stop fraud. But it does send a strong message that the financial institution doesn't think Wendy's has done enough in its efforts to protect customers.
In the wake of this week's rollout by NACHA, The Electronic Payments Association, of same-day ACH payments in the U.S., fraud departments at originating and receiving banks should be bracing for the new risks posed by faster payments, says NACHA's Jane Larimer, who offers insights on steps to take.
As the U.S. ramps up its migration to EMV chip payments over the next three to five years, fraudsters will shift their attention to mobile wallets, says Al Pascual of Javelin Strategy & Research, who describes why in this video interview.
Cybersecurity has emerged as a key risk factor during the due diligence process of any merger and acquisition. Just being part of an M&A deal - whether you're the acquirer, seller, advisor, or vendor providing related services to a company involved in M&A - makes an organization an attractive target to hackers.
To catch up with evolving payment processing trends with financial institutions around the world, a new directive was issued by the National Automated Clearing House Association (NACHA) to address the lack of "real-time or faster payment systems" in the United States. The first phase of this initiative began on...
It's easy to look at the payments landscape and see only the flaws. But payment card security has come a long way in the past 10 years, thanks in large part to the PCI Data Security Standard. How will card security be refined in the coming decade?
The breach of an offshore account owned by Union Bank of India is raising new questions about the security of interbank payments, which often rely on antiquated backend verification processes that fraudsters seem to be compromising with relative ease.
An investigative report from Reuters paints a disturbing picture of the Federal Reserve Bank of New York using antiquated security practices to safeguard interbank SWIFT payments. Here's how security experts say interbank transaction security must be improved.
The Federal Reserve's strategy for oversight of the U.S. migration toward faster payments won't change in the wake of the heists that exploited SWIFT payments, says Fed official Marianne Crowe. The long-term security of U.S. payments has always been a priority for the Fed's study of faster payments, she says.