Another series of SWIFT-enabled hack attacks against a bank has come to light, following the theft of $81 million from the central bank of Bangladesh and SWIFT warning that other banks are also being targeted.
The FFIEC has released detailed security guidance for mobile banking and payments that its examiners will now use in their assessments of financial institutions. Banking security experts offer a critique.
The rollout of EMV technology has changed the face of fraud for merchants and retailers. In this session, we'll discuss an overview of the EMV rollout from the merchant perspective, as well as an update on merchant adoption and the specific deployment challenges. Join us as we discuss:
An assessment of the...
Restaurant chain Wendy's says fewer than 300 of its 5,500 locations were affected by a fall 2015 malware attack that infected a POS system not used at its other locations. The breach highlights why all franchisees under a corporate brand should use the same well-tested POS system, says Gartner's Avivah Litan.
Despite continued efforts to shore up security to protect payment card data and other financial information, the U.S. financial services and retail sectors had more data breaches in 2015 than any other business sectors worldwide, according to Verizon's latest Data Breach Investigations report.
In the aftermath of the settlement of banks' post-breach lawsuit against Target, one financial institution is now suing Wendy's seeking to recoup breach-related expenses for all affected card issuers. But are the suit's claims about the impact of a lack of EMV capabilities justified?
Visa's new plan to help merchants speed checkout times for EMV chip payments sounds good, in theory. But in reality, it isn't likely to have much immediate impact on either speeding EMV adoption or enhancing the user experience.
A previously unknown cybercrime group has hacked into numerous organizations in the retail and hospitality sectors to steal an estimated 20 million payment cards, collectively worth an estimated $400 million via underground cybercrime forum sales, FireEye reports.
Does a federal appellate court's decision allowing a breach-related class-action lawsuit against restaurant chain P.F Chang's to move forward - and a similar, earlier decision in a case against Neiman Marcus - signal a change in tide for post-breach lawsuits? Legal experts offer widely varying opinions.
U.S. merchants of all sizes - not just smaller retailers - have seen significant increases in chargebacks in the wake of the Oct. 1, 2015, EMV fraud liability shift date, Liz Garner, vice president of the Merchant Advisory Group, contends in this in-depth interview.
The rollout of EMV technology has changed the face of fraud for restaurants, retailers and merchants. While card-present fraud will likely decrease as the rollout continues, it will remain a major problem, especially for restaurants and food retailers, despite the new chip technology. In this session, we'll examine...
Consumer and merchant confidence in the payment network requires constant vigilance, investments and cross-industry collaboration. As more consumers shop and pay with connected devices, and commerce increasingly migrates to digital channels, the industry must invest in new standards, technologies and products. One of...
The Federal Reserve will carefully scrutinize the security components of proposals it's receiving this month for technologies that can be used to enable faster payments in the United States. That's because a key issue in moving to faster payments is mitigating the greater risk of fraud.
To fight the growth of card fraud, retailers need to take a multichannel approach, says Randy Vanderhoof of the EMV Migration Forum. In addition to EMV, retailers must invest in tokenization and encryption, he says in this video interview.
In a video interview, Dave Matthews of the National Restaurant Association, which represents more than 500,000 restaurants throughout the country, explains why the group is questioning whether EMV is really ready for "prime time."
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