The fraud shift as a result of the migration to EMV chip payments in the U.S. will extend beyond card-not-present payments, experts at Information Security Media Group's fraud and data breach summits in San Francisco last week warned.
With so much stolen PII available to fraudsters, it's time for banks and others to move to more sophisticated forms of authentication of customers' identities. Knowledge-based authentication is no longer reliable.
MasterCard's Oliver Manahan says merchants and issuers must embrace stronger cardholder authentication and security methods, such as biometrics and tokenization, to ensure payment card data is secure.
By 2018, Javelin predicts that new account fraud and account takeover will eclipse present worries about POS attacks and retail breaches. Why breached PII should be our biggest worry.
The Gartner Security and Risk Management Summit tackles digital business, a concept that blurs the physical and digital worlds, and requires organizations to reconsider how they approach IT security and risk management.
This year's Infosecurity Europe conference in London - celebrating its 20th anniversary - decamped from Earl's Court to the glass-topped, 19th-century Olympia Conference Center, and featured more than 300 exhibitors and 200 speakers.
The White House Summit on Cybersecurity and Consumer Protection late last week served as the stage for more than a dozen companies and trade groups to announce new initiatives aimed at securing Internet transactions and payments and reducing fraud.
While there's anecdotal evidence that the NIST cybersecurity framework is proving helpful to businesses in their risk management efforts, there's not yet any measureable proof of its success at preventing damaging cyber-attacks.
MasterCard is testing a biometric wristband that authenticates a user's identity for payment card transactions by monitoring their heartbeat. Payment experts weigh in on whether the technology has the potential for widespread use in preventing card fraud.
Apple's new payments platform, Apple Pay, will launch on Monday, Oct. 20. The platform enables users to pay for items using several Apple mobile devices, including the latest versions of its iPads.
A researcher says he tricked the Touch ID biometric fingerprint scanner built into the new iPhone 6, using a fake fingerprint created with glue. But it remains to be seen how well would-be fraudsters could employ this technique.
Initial reports suggested that Russian hackers could behind an attack against JPMorgan Chase, and perhaps other U.S. banks. While it's still far from clear who the culprits are, experts discuss the potential hacking motivations of a nation-state.
The killing of an unarmed teen by police in Ferguson, Mo., has Anonymous sympathizers disagreeing on Twitter when and how to expose the identity of the shooter.
A new study shows the accuracy of facial recognition algorithms has markedly improved over the past three years, though one of the report's authors suggests they're not at the level to be a highly reliable form of authentication.
An analysis of the Target breach prepared for a Senate committee is a political document that might help its patron's agenda but doesn't go far enough to identify technical solutions to help enterprises avoid Target-like breaches.
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