Fraud risks associated with Apple Pay have raised new worries about mobile payments, says Steve Kenneally of the American Bankers Association. During the ABA's Risk Management Forum April 15-17, experts compared three mobile solutions.
White Lodging Services Corp. has revealed a malware attack against point-of-sale systems at 10 of the hotels it manages, potentially exposing payment card data. The disclosure comes about a year after it confirmed a similar malware-related breach.
Some merchants want to postpone the EMV-related fraud liability shift, which major card brands have slated for October. But Randy Vanderhoof of the EMV Migration Forum sees "no reason to move the date."
The Target breach was the hot topic for many RSA 2014 attendees, but Gartner's Avivah Litan was already talking about the next Target - a UK retailer that may have suffered a similar hack, exposing payment card data.
Experts debate the value of new PCI guidance for how businesses should use penetration testing to identify network vulnerabilities that could be exploited for malicious activity. Does the new advice go far enough?
Upticks in fraud perpetrated through mobile banking and mobile payments are a growing concern for regulators, says David Lott of the Federal Reserve Bank of Atlanta, who explains ongoing security initiatives.
While the Indian finance ministry has announced incentives for banks to curb cash transactions and encourage the use of payment cards, security experts caution CISOs about authentication and fraud risk.
U.S. prosecutors are asking a judge to rescind his decision to provide a free defense for a Russian citizen who faces 40 charges relating to the alleged theft and sale of at least 2 million credit card numbers.
Target Corp.'s pending settlement of a consumer class action lawsuit is more about public relations than compensating victims, some observers say. But will it have an impact on a pending suit filed by banks?
A former customer service representative at Blue Cross Blue Shield of Michigan is among 11 individuals recently arrested in connection with an alleged identity theft scheme that resulted in hundreds of thousands of dollars in credit fraud.
A banking regulator's comments about the need for retailers to bear responsibility for card breaches are outdated. Merchants aren't to blame for our broken payments system. Rather than point fingers, regulators need to offer stronger leadership.