Retailers say tokenization and encryption are critical to ensuring payment card data security. Aite's Natalie Reinelt describes how merchants will use layers of security to protect data at the point of capture.
Banking institutions are diligently working to clean up the mess left after retail breaches. But Congress needs to do more to ensure these breaches don't expose card data in the first place.
A new Bitcoin advisory issued by the Consumer Financial Protection Bureau should prompt financial institutions to talk with their banking customers about the risks associated with virtual currencies.
The banking industry is watching closely as the New York State Department of Financial Services proposes a groundbreaking "BitLicense" regulatory framework for virtual currency businesses that's designed to help fight fraud.
The Government Accountability Office's Gregory Wilshusen is an empathetic IT security auditor, saying he understands why agencies don't always follow his recommendations. Read why.
New guidance from FinCEN addresses know-your-customer concerns surrounding financial transactions linked to legal marijuana businesses. Anti-money-laundering expert Kevin Sullivan sorts through the advice.
JPMorgan Chase will pay more than $2 billion in fines for violations of the Bank Secrecy Act tied to failure to report suspicious activity related to Bernie Madoff's decades-long, multi-billion dollar Ponzi scheme.
As efforts to fix technical glitches on the HealthCare.gov website for Obamacare continue, taking steps to ensure security should be a top priority. Otherwise, efforts to build trust in the system will fail.
A $400,000 settlement in a case against a community bank in North Carolina for violations of the Bank Secrecy Act should serve as a reminder that anti-money-laundering woes are not just a big-bank issue, experts say.
TD Bank has been ordered to pay $52.5 million in penalties for violations of the Bank Secrecy Act and securities laws as a result of failing to file timely suspicious activity reports related to nearly $1 billion worth of transactions.
President Obama wants Americans to trust his administration on the way it collects data from Internet and telephone communications in the search for terrorists. Does the president deserve that trust?
Another organized cyber-attack and subsequent cash-out scheme illustrates increasing risks to the U.S. payments chain. One fraud expert says this trend "is of grave concern" for banking institutions and their accountholders.
Authorities have shuttered a digital currency service allegedly used to launder funds stolen in a $45 million ATM cash-out scheme exposed earlier this month. Learn why experts say lax laws paved the way for the fraud.
Why are ATM cash-out schemes expected to increase - especially in the U.S.? John Buzzard of FICO's Card Alert Service offers insights, based on federal investigators' most recent global fraud bust.
For the second straight quarter, U.S. government statistics indicate that unemployment exists within the IT security profession. But even the government doesn't consider its numbers gospel.
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