The Target retail POS breach is the most talked-about incident in recent memory - and it was entirely preventable with available security solutions, says Adam Tegg CEO of Wontok Solutions.
Artificial intelligence can be used to enhance security across a number of business sectors, including retail and financial, says Dr. Akli Adjaoute of security firm Brighterion.
Neiman Marcus has revised downward its estimate of the number of payment cards compromised in its breach last year. Company CEO Karen Katz offers new details.
A grand jury's indictment this week of the alleged leader of a $5 million ATM skimming scheme illustrates how collaboration among international authorities is working to more swiftly bring global cybercrime leaders to justice.
In a groundbreaking effort to boost security, HSBC Bank USA is now requiring its retail banking customers to use dual-factor authentication for certain sensitive online banking transactions, says LuAnne Kingston, senior vice president.
Lawsuits that card issuers have filed against Target to help recoup expenses associated with the retailer's breach aren't likely to reap big rewards, two legal experts say. But they are sending a strong message.
Despite their differences on certain issues, the Financial Services Roundtable and the Retail Industry Leaders Association have joined forces in an effort to prevent breaches by enhancing cybersecurity and threat intelligence sharing.
Merrill Halpern of the United Nations Federal Credit Union, a pioneer in the use of chip cards, says high-profile retail breaches reinforce the long-term value of EMV for various forms of payment within the U.S.
Bankers and retailers are hotly debating who should be liable for losses and expenses associated with the breach at Target. See how our readers weighed in on the issues involved.
The leader of a crime ring that used stolen Social Security numbers to commit $4 million worth of bank, credit card and tax fraud has been sentenced to 12 years in prison for his role.
Expenses linked to the data breach at Target Corp. have already cost the 58 member institutions of the Consumer Bankers Association more than $170 million - a price they should not have to pay, says the association's David Pommerehn.
U.S. prosecutors say a Romanian man faces six charges that he directed a large-scale ATM skimming scheme that defrauded multiple financial institutions out of at least $5 million.
Organizations in all sectors can improve their compliance with the PCI Data Security Standard by taking five critical steps, says Rodolphe Simonetti of Verizon Enterprise Solutions, which just issued a new PCI compliance report.
When breaches result from retailers' lax security practices, merchants should be obligated to help banking institutions cover fraud losses and other post-breach expenses, says Viveca Ware of the Independent Community Bankers of America.
RSA 2014 will offer many insights on how banking institutions can address a wide variety of security threats. Here's a guide to educational opportunities.
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