In the wake of a data breach that followed a routine regulatory, a former regulator is asking why the agency failed to disclose the breach sooner, and why it has not accepted more responsibility for its error.
U.S. card issuers and retailers agree tokenization has to be part of the country's EMV migration. But making investments in tokenization won't make sense for merchants until a universal, open standard for tokenization is developed.
What security and technology issues are top concerns for 2015? The transition to new payment methods and shoring up gaps in basic security practices, according to industry leaders at two ISMG summits last week.
An important lesson to learn from the massive JPMorgan Chase breach is that banks can't just focus on protecting card data and online banking accounts; they also must protect their customers' personally identifiable information.
A Twitter chat featuring Gartner's Avivah Litan offered a lively discussion of numerous fraud-related issues, including card breaches, weak authentication and the need for mobile scrutiny. We'll host more chats soon.
Could too much regulatory oversight hinder cyberthreat information sharing, rather than encourage it? That's an increasing concern for bankers, who argue regulators could bog down progress in cybersecurity.
Security executives who attended ISMG's Fraud Summit Chicago said they see a growing need for sharing more cyber-intelligence with community banks and credit unions. But how else could smaller institutions improve their fraud-fighting efforts?
Third-party risks and the Fed's plans for emerging payments will be highlighted at ISMG's Fraud Summit Chicago on May 14. How banking institutions and retailers are expected to respond to new risks posed by external parties will be a focus for our keynote panel.
Using technology to devalue card data, and leveraging data analytics, are essential to efforts to crack down on fraud, Visa's Ellen Richey said in her keynote presentation at the San Francisco Fraud Summit.