As a result of the Home Depot breach, which compromised 56 million cards, credit unions have spent nearly $60 million dealing with card reissuance and fraud costs, according to the Credit Union National Association.
It's been a year now since the Target breach kicked off a dizzying series of security incidents that have impacted merchants and banking institutions alike. What lessons have been learned, and how can banks and merchants work together to prevent further breaches? Join us for an interactive discussion about the unique...
The PCI Security Standards Council has issued an alert offering insights for mitigating the threat of "Backoff" POS malware, which has hit 1,000 U.S. businesses. Plus, the council is providing updated guidance for maintaining PCI-DSS compliance.
The PCI Council has unveiled new guidance for mitigating payment card risks posed by third parties. Troy Leach, the council's CTO, explains how banking institutions and merchants can put the guidance to use.
Federal authorities say the successful prosecution of a member of an international cybercrime ring proves progress is being made in shuttering ATM cash-out schemes. But some experts say processors and prepaid cards will continue to be targeted by attackers.
A class action suit against breached restaurant chain P.F. Chang's China Bistro is unlikely to succeed, some security experts say, because proving consumer losses linked to specific merchant data breaches is difficult.
When a string of large-scale, high-profile retail data breaches hit last year, credit card data security stole the national spotlight and remains prominent in the minds of many consumers and industry leaders now. How can businesses better fortify their systems against the malicious activity of hackers, as well as...
Throughout history, people have sought to protect their valuable possessions. In today's world, credit card numbers are among the most valuable assets we have. To ensure their protection, the Payment Card Industry Security Standards Council has created their Data Security Standard (PCI DSS).
P.F. Chang's confirmed card breach has renewed debate about the state of security at U.S. merchants. The PCI Council's Bob Russo says that while there has been progress in recent months, the retail industry still has a long way to go.
In the wake of recent high-profile retail breaches, the PCI Security Standards Council is supporting a move toward chip card technology that conforms to the Europay, MasterCard, Visa Standard, says General Manager Bob Russo.