Following the government's recent demonetisation initiative, the RBI has announced removal of its two-factor authentication requirement for low-value card-not-present transactions. But some critics fear the move, designed as a catalyst for cashless transactions, could lead to an increase in fraud.
In an in-depth audio interview, Troy Leach of the PCI Security Standards Council describes just-released guidance that's designed to help organizations simplify network segmentation, a practice the council strongly recommends to help protect payment card data.
In this transcript of an audio interview about 2017 mobility trends, Tom Wills of Ontrack Advisory discusses:
The evolving mobile threatscape;
How enterprises are mitigating threats and leveraging mobility;
Developments to watch in the coming months.
Wills is an expert in digital trust - the field of...
Visa and MasterCard have pushed back their EMV fraud liability shift date for U.S. pay-at-the-pump gas terminals from October 2017 to October 2020. They made the right decision, given the relatively low rates of card fraud at gas pumps.
Over the past three decades, there have been a great number of technological changes in the financial services world and regulators have struggled to keep up with them. The following white paper discusses the evolution and consequences of the Payments Service Directive and how regulation has gotten more complicated as...
IBM commissioned Forrester Consulting to conduct a Total Economic Impact study and examine the potential return on investment (ROI) enterprises may realize by deploying IBM Trusteer solutions. The purpose of this study is to provide readers with a framework to evaluate the potential financial benefit of IBM Trusteer...
After complaints from merchants and an update from the Fed, Visa has modified debit routing rules, noting that merchants can route U.S. EMV debit transactions through any of more than a dozen available networks, and not just Visa's. The move could have implications for chip-and-PIN use.
Retail groups are asking Visa to clarify how it plans to level the playing field for EMV adoption in the U.S. - especially for routing EMV debit payments. In an interview, Mark Horwedel of the Merchant Advisory Group explains MAG's objections to Visa limiting merchants' transaction options for debit payments.
The following brief will analyze data from over 700,000 customer devices using SolarWinds® MSP Risk Intelligence technology. The goal in sharing this data is to escalate the urgency for CISOs to improve communication with their businesses. The collected data answers:
What sensitive data do organizations typically...
As payments instruments evolve and change, so, too, will the way we secure payments. While cards aren't likely to ever completely disappear, they are expected to be overtaken by emerging payments instruments, such as mobile devices and wearables. Contactless payments are fueling a lot of this change, and open new...
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?
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