EMV is coming to the U.S., and card brands are now leading the charge. The sooner card issuers, acquirers and merchants initiate EMV migrations, the better, says Stephanie Ericksen of Visa.
What do the latest international fraud arrests prove? "Organized crime isn't running, but they are definitely looking over their shoulders," says Robert Siciliano, a financial security expert.
Hacking is behind most large-scale data breaches. What steps can organizations and leaders take to safeguard their information post-attack? Karen Barney of the Identity Theft Resource Center offers advice.
Everyone knows that banking is a key target for cyber criminals - that's where the money is. But traditionally it has been the big financial organizations that were the target. In 2010, smaller financial institutions became targets through account takeovers, attacks which caused a surge in stolen online banking...
In a U.S. ATM skimming case with ties to a Romanian crime ring, Ismail Sali confessed to bank fraud, conspiracy, access device fraud and aggravated identity theft. What sentence does he now face?
Detectives have arrested seven suspects and seek 13 more in an ATM skimming investigation involving hundreds of credit and debit cards compromised in parts of Canada, the U.S., Australia and Indonesia.
The FBI says Bulgarian fraudster Dimitar Dimitrov led ATM skimming rings that ranged from New York to Las Vegas, and now a federal judge has sentenced him to prison. Is the sentence appropriate?
Data breaches tied to credit and debit cards accounted for more than 25% of all breaches in 2011. What must banking institutions and merchants do to help reverse this trend?
Data breaches are under-reported, and breached organizations aren't giving consumers the information they need about these compromises, says Karen Barney of the Identity Theft Resource Center.
Banking organizations BITS and FS-ISAC have combined forces to fight phishing. What is their new security solution, and how can it help banking institutions deter phishing attacks?
Bank of America blames a suspected breach of credit card data on an unidentified third party. What happened, and what can other institutions do to better protect themselves and their customers?
When Canadian police raided the homes of 12 suspects, they found stunning evidence of a major payment card skimming scheme involving ATMs and pay-at-the-pump gasoline terminals in Greater Toronto.
In the wake of the latest high-profile hacktivist attacks against banking institutions, industry experts offer these tips to bolster online security, customer awareness and the corporate image.
"The misfortune here for the banks is that they can have the best fraud-detection systems out there ... but it all breaks down when they call the 'hacker' to verify the transaction," says Gartner's Avivah Litan.
Alisdair Faulkner of ThreatMetrix says financial institutions and businesses should focus on five key security areas. What make up the top five, and where do banks need to make the greatest fraud-prevention investments?
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