Over the last year, the financial-services industry has seen card breach after card breach, heating the debate between merchants and banks about who should pay for the losses and recovery expenses that inevitably come in their wake. During this review of the year's top stories and anticipated trends for 2015, we will discuss how that debate has pushed governing bodies, banks and retailers to look ahead to new technologies such as EMV, and has increased the opportunities for deployment of mobile payments solutions like Apple Pay.
Let's also not forget the host of other fraudulent schemes, such as online attacks linked to ransomware and emerging ATM malware, which also have affected how we view financial security. In this interactive review of the year, we'll answer such questions as:
- Why POS malware continues to be so successful?
- How PCI is and is not becoming a more "viable" payments security standard?
- Can we point a finger at retailers for poor security, when banks, such as Chase, are getting breached, too?