A new standard from the PCI Data Security Standards Council could help ease the way for smaller merchants worldwide, especially in developing nations, to move to cashless payments using a variety of devices, says Troy Leach, CTO for the council, who spoke last week at a conference in South Africa.
Al Pascual of Javelin Strategy and Research discusses a new report that shows that while crypto wallets may be considered to be at the sharp end of payments innovation, the security vulnerabilities they face are much the same as those that already exist in digital banking and payments.
Developing nations that are moving to digital payments, especially for the unbanked, need to keep in mind security lessons already learned in other markets, including Europe, says Steve Marshall, founder at Risk-X, a U.K.-based audit and risk assessment consulting firm.
Many banking institutions boast of being "digital first" and enabling "omnichannel banking." But are they fully aware of the new fraud risks they also are inviting? Kimberly Sutherland and Kimberly White of LexisNexis Risk Solutions discuss how to mitigate omnichannel fraud.
As banking institutions of all sizes maximize their digital channels, there is growing tension between the need to prevent fraud and the desire to maintain a frictionless customer experience.
How do you offer that great customer experience without compromising security, authentication and trust?
In a discussion...
As banking institutions of all sizes maximize their digital channels, there is growing tension between the need to prevent fraud and the desire to maintain a frictionless customer experience. IBM Trusteer's Valerie Bradford discusses how to defuse this tension.
The digital shift is increasing the need for more sophisticated privacy and data protection measures. Several major institutions have seen their information security compromised in recent years as cyberattacks and fraudulent activity show no sign of slowing down. With PSD2 regulations now in effect, companies are in...
WhatsApp, the global messaging app that has more than 200 million monthly active users in India, has leveraged National Payment Corporation of India's Unified Payment Interface platform to launch its beta payment service that will allow users to send money to other WhatsApp users, excluding merchant accounts.
Criminals in Europe are annually laundering at least $4 billion - and growing - via cryptocurrencies, warns Europol. The agency is calling on regulators and legislators to regulate cryptocurrencies to help battle money laundering and protect consumers.
The financial industry continues to be a high-risk target for fraud, primarily fueled by the sale of stolen credentials, account numbers, pins, and personal and financial information.
While larger financial institutions have dedicated in-house teams and sophisticated technologies in place to detect incidents,...
Illegal transactions on the internet have long been conducted in the cryptocurrency bitcoin. But underground vendors are accepting new kinds of virtual currency that may be safer to store and offer more privacy protections, according to a new study of 150 dark web markets and forums.
As banks in the U.S. and Australia grapple with how to effectively launch faster payments, more will turn to big data and machine learning to help better manage expected upticks in fraud, says cybersecurity specialist John O'Neill Jr. of DarkTower.
An investment firm needed a managed endpoint detection and response solution that could integrate into its existing security program, which already included two managed providers.
Download this case study to learn how the firm was able to:
Seamlessly integrate their new solution alongside other managed...
A global financial institution with over 3,000 endpoints across 30 countries had a network that was large, distributed, and vulnerable to attacks. A multi-state bank had already invested in application white-listing, but gaps remained and endpoints were vulnerable.
So how were both institutions able to solve their...
The Carbon Black Threat Research Team, in conjunction with more than two dozen managed security services provider (MSSP) and incident response (IR) partners, is increasingly seeing PowerShell exploitation during cyber attacks.
This supports a growing industry trend of malware authors creatively attempting to evade...