PCI-DSS will remain a viable standard even after EMV, as well as encryption and tokenization, become more common, argues Jeremy King of the PCI Council. He acknowledges, however, that the standard will have to evolve in light of changes in the payment system.
A new alert from the FS-ISAC warns merchants and banks that remote-access attacks against POS systems continue to rise and offers risk mitigation recommendations. The center's Charles Bretz provides an analysis.
MasterCard is testing a smartphone app that lets users approve online transactions using facial recognition, via the equivalent of taking a selfie. But could such technology be spoofed, and will it reduce card fraud?
Trump Hotel Properties confirms it is investigating reports of card fraud tied to multiple hotels. Numerous hotels, restaurants and retailers continue to report breaches, stemming from POS malware infections.
The Department of Justice has announced the indictments of two individuals in separate fraud cases affecting the University of Pittsburgh Medical Center. The cases spotlight the challenges healthcare organizations face in the fight against fraud.
Eight alleged members of an identity theft ring, including a former assistant clerk at Montefiore Medical Center, have been indicted on a variety of charges stemming from using stolen patient information to make purchases at retailers.
Chris Feeney, recently named president of BITS, the technology and policy division of the Financial Services Roundtable, describes his top cybersecurity priorities, including helping members deal with insider threats.
Bank-owned digital payments network clearXchange is rolling out a real-time payments platform that will be available to 100 million online banking customers. Security experts weigh in on the fraud concerns.
Wipro has developed a fraud detection model for improved risk management using big data analytics. Can CISOs leverage it to reduce risk, enhance process efficiency and refine fraud detection algorithms?
A three-month breach of card transactions at New York's Eataly restaurant/grocery store, and reports about two new malware strains, highlight why more attention needs to be paid to POS system security.
Comptroller of the Currency Thomas Curry says banks need to be better prepared to address the cyber-risks associated with new payments systems, and he calls for closer regulatory scrutiny of non-bank payments providers.