On the heels of the FFIEC's new business continuity guidelines, Deputy Comptroller Beth Dugan hints that new guidance related to cybersecurity risks affecting payments and mobile transactions may be coming.
The Federal Reserve, which just two weeks ago announced a plan for faster and more secure payments, now says it's prepared to play a more hands-on role if private sector progress with the rollout lags.
PINS can effectively reduce card-not-present as well as card-present fraud, argues Liz Garner of the Merchant Advisory Group, who will be a featured speaker at Information Security Media Group's upcoming Fraud Summit Los Angeles.
Visa executive Kimberly Lawrence contends that the ongoing U.S. migration to EMV is progressing more rapidly than in other markets that have made the transition, requiring outside-the-box rules for debit transactions and cardholder verification.
BankInfoSecurity and CUInfoSecurity announce their third annual list of Influencers, recognizing leaders and organizations that play significant roles in shaping financial services cybersecurity.
The Federal Reserve's just-released plan for faster payments and technology standardization, while applicable to ACH and wire transactions, won't easily translate for card payments, says Troy Leach of the PCI Security Standards Council.
A payment card breach at an Indiana resort signals that similar incidents will occur throughout 2015 as businesses continue to deal with malware and point-of-sale attacks, one security expert says.
ICICI Bank has launched a new payments service to enable customers transfer funds via twitter. Can it ensure a secure transaction and reach its goal of enabling Gen Y to leverage the service effectively?
The Federal Reserve on Jan. 26 revealed its roadmap for an overhaul of the U.S. payments system, which includes plans for faster settlement and a focus on improving payments security to reduce fraud.
As a result of President Obama's "Buy Secure" initiative, the federal government this month is kicking off its chip-and-PIN rollout. Fraud experts now debate what impact the move will have on banks' EMV chip-card strategies.
Is Amazon India on the verge of extending its online payments gateway to offline sellers and kiranas? And if so, what are the potential business implications and security risks for Indian organizations?
Banking experts disagree about whether the Supreme Court's decision to uphold the Fed's debit interchange fee structure will have an impact on financial institutions' EMV investments and long-term fraud prevention strategies.
In the aftermath of a payment card breach, as fraudsters race to exploit the stolen information, card issuers and affected customers take steps to mitigate risks. Here's a look at the lifecycle of a payment card breach from three perspectives.
The U.S. likely won't complete its implementation of EMV for many years to come, despite the October 2015 liability shift date for counterfeit card fraud, many forecasters say. And until it's fully deployed, EMV will have little impact on fraud.
The globalization of fraud waged by organized crime has spurred new cross-channel attacks and is affecting how ATM operators approach data security, executives from three of the world's leading ATM manufacturers explain in this exclusive interview.
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