Since the announcement of the Heartland data breach in January, the merits of the Payment Card Industry Data Security Standard (PCI DSS) have been questioned, and Bob Russo has led the defense.
In an exclusive interview, Russo, general manager of the PCI Security Standards Council, discusses:
Why end-to-end...
Heartland Payment Systems, Radisson Hotels and Network Solutions have made the big headlines so far this year. But other data threats are out there, says Chris Novak of Verizon Business Investigative Response Team.
It's been an interesting year for the Payment Card Industry Data Security Standard.
In the middle of it all is a debate among payment card companies, banking institutions, merchants, industry groups and even congressional leaders, questioning the merit of the standard and all hinting at the same open question: What...
The FDIC has warned banks: Online crime is increasingly hitting small and mid-size companies in the U.S., draining those entities' bank accounts through fraudulent transfers.
So, how should banks respond to this alert and assist their business customers?
Doug Johnson of the American Bankers Association...
A recent conversation with a security researcher in Israel gave me a real feeling of dread. Toward the end of our talk, I asked Uri Rivner, head of new technologies, consumer identity protection, RSA Security, about what he sees on the horizon for online attacks against banking customers. What he told me wasn't good...
The landscape of hackers is filled with stories from those whose job is to hunt them down. SANS forensics instructor, Rob Lee, also a senior forensics consultant at the IT security consultancy Mandiant shares three "villain" examples of the types of attacks being seen in the field by the company's forensic...
Critical approaches to affordable fraud detection
Financial institutions are offering more and more online and self-service applications, as well as expanding the methods that consumers can use to access these applications.
But with the constant addition of new banking applications and access methods, financial...
Trojans. Harvesters. Mules. They're the backbone of the underground fraud economy, which is "vibrant" and worth billions, according to one international researcher.
And don't be swayed into a false sense of security by the recent indictment of Albert Gonzalez, who is charged with masterminding the Heartland Payment...
Preliminary legal hearings have begun in the class action suit against Heartland Payment Systems, the U.S.-based payments processor that was breached in 2008
More than 30 financial institutions from 22 states have joined the lawsuit against Heartland, which is the largest data breach on record, with a reported 130...
Massachusetts-based retailer TJX says it has agreed to pay $525,000 to settle a putative class action suit from several banks related to the massive security breach that resulted in the theft of more than 45 million credit and debit card numbers.
Prosecutors in New York City have indicted five men from Eastern Europe in a wide-ranging credit card fraud operation that allowed the accused to gain more than $4 million from 95,000 stolen credit card numbers.
The targets are getting bigger, the fraudsters bolder, and we all have a whole lot more at stake to lose.
This is the message from Mary Monahan, Managing Partner and Research Director at Javelin Strategy & Research. In a discussion of current data breach trends, Monahan touches upon:
How breaches in 2009 are...
Skimming - point-of-sale attacks at ATMs and sales terminals -- hurts everyone, including banks, retailers and their customers. And the PCI Security Standards Council is fighting the crime with a new set of best practices for skimming prevention.
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