Mitigating card risks associated with retail malware attacks and POS vulnerabilities is a focus of updates to the PCI Data Security Standard, say Bob Russo and Troy Leach of the PCI Security Standards Council.
Version 3.0 of the Payment Card Industry Data Security Standard, to be released later this year, will include a focus on the standardization of compliance assessments, says Bob Russo of the PCI Security Standards Council.
In the financial services industry, in-depth log analysis is essential to maintaining enterprise-wide security and meeting compliance requirements, including PCI-DSS regulations. In addition to being required to meet compliance standards, continuous monitoring of customers' financial data activity logs helps to detect...
How were four Russians and a Ukrainian allegedly able to steal more than 160 million payment card numbers from corporate networks over seven years? An indictment announced by U.S. Attorney Paul J. Fishman provides details.
Federal authorities announced indictments this week in a massive fraud scheme involving 160 million payment cards. Here is a rundown on the businesses affected by those attacks, and the data that was compromised.
Frustration over the growing number of retail breaches is heating up. See what our readers had to say after the malware attack that hit MAPCO Express, and why they believe PCI compliance isn't enough to ensure security.
Losses linked to retail breaches have fueled class action lawsuits on behalf of consumers. But Javelin's Al Pascual says banks are soon likely to take legal action, too, in breach cases that expose cards and lead to fraud.
New payments technology, such as mobile and emerging e-commerce transactions, is posing challenges for PCI compliance, says the Standards Council's Jeremy King. What are the greatest risks to card security?
So-called patent trolling is getting attention from banking leaders and the White House. As patent attorney James Denaro points out: "Essentially every single financial institution is at risk of being accused of infringement."
Financial fraud expert Joe Rogalski explains why card issuers are ultimately responsible for losses linked to ATM cash-out schemes, like the $45 million worldwide cyberheist that made headlines last month.