Merrill Halpern of United Nations Federal Credit Union, a pioneer in the use of chip credit cards, says migrating debit cards to EMV will be an ongoing challenge for U.S. banking institutions.
Banking institutions that are considering whether to accept virtual currencies, such as Bitcoin, must consider the risks involved, including money-laundering. Learn about the very latest Bitcoin developments.
The resignation of Target CEO Gregg Steinhafel reflects a shift in corporate thinking about cybersecurity, raising new questions about whether CEOs should be held accountable for data breaches.
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.
Target and other high-profile retail data breaches have captured the attention of executives and policymakers alike. Beyond the financial consequences, there is one positive outcome: a renewed focus by financial institutions and retailers to advance payment system security. In this exclusive session from ISMG's San...
Fraud Summit - San Francisco 2014 - Payment card fraud remains a top challenge for financial institutions. The latest wrinkle: Breached retailers such as Target and Neiman Marcus, whose compromises led to wholesale card fraud. Card issuers absorb increasing losses linked to debit and credit fraud, yet they have little...
Fraud Summit - San Francisco 2014 - Mobile banking usage and acceptance is growing by 50%. How prepared are banks and technology vendors to mitigate these risks while meeting customer needs? Register for this session to learn first-hand from James Van Dyke of Javelin Strategy & Research:
The latest mobility...
Instead of approaching mobile defensively, banking institutions should be discussing how mobile integration can improve cross-channel security, says Jim Van Dyke of Javelin Strategy & Research.
Industry analysts are debating why it took retailer Michaels nearly three months to confirm a breach of its point-of-sale network, and they're asking if the breach is linked to others, including those at Target and Neiman Marcus.
Verizon's latest annual breach report shows that Web application attacks increased more than malware-fueled point-of-sale intrusions in 2013, says analyst Dave Ostertag, who provides an overview of the report's findings.
Ellen Richey of Visa, keynoter at the April 29 Fraud Summit San Francisco, outlines key card fraud-fighting trends for the year ahead, including the U.S.'s migration toward EMV, greater use of tokenization and heightened fraud detection.
Arts and crafts retailer Michaels says an investigation has now confirmed a data breach involving sophisticated malware may have compromised account information for 3 million payment cards.
In the wake of recent high-profile retail breaches, the PCI Security Standards Council is supporting a move toward chip card technology that conforms to the Europay, MasterCard, Visa Standard, says General Manager Bob Russo.
Banking institutions and retailers are working to enhance cybersecurity collaboration, but the Consumer Bankers Association wants more regulatory oversight of merchants, says the CBA's David Pommerehn, a speaker at the upcoming Fraud Summit San Francisco.
Analysts say it's easy to believe the Neiman Marcus data breach may be tied to attacks on Heartland Payments Systems Inc. and other entities. But tracking the crimes is one thing; prosecuting is quite another.
Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how visitors use our website. By browsing bankinfosecurity.com, you agree to our use of cookies.