In light of recent retail breaches, courts are likely to start holding retailers more accountable than they have in the past for financial losses that result from fraud, predicts analyst Al Pascual of Javelin.
A malware attack that exploited a point-of-sale vulnerability of a select group of Kentucky and Southern Indiana retailers has now been linked to attacks against Schnuck Markets Inc. and four other merchants.
Account takeover techniques are getting more sophisticated; new "account checkers" are helping hackers automate their processes. The trend is just one more reason why we need advanced forms of authentication.
Banking institutions have done a poor job of educating consumers about payments fraud prevention, says Aite analyst Shirley Inscoe. "Banks need to figure out how to communicate with consumers in a way consumers understand."
White House Cybersecurity Coordinator Michael Daniel sees significant savings in continuous diagnostics because the automated approach to identifying systems vulnerabilities could replace costly checklist compliance reporting.
Breaches are expensive, embarrassing and entice additional scrutiny from regulators and consumers alike. By taking eight key steps, you can protect private information and lessen the impact of breaches when they occur.
A U.S. district court shot down the Fed's plan for a 1-cent per-transaction incentive for investments in debit fraud prevention. How might that ruling impact U.S. efforts to improve payment card security?
Educating customers about financial fraud and scams is not a nice-to-have; it's a necessity. If your customers won't protect themselves, then no campaign your organization puts forward will succeed, says BankWest's Patti Broer.
The malware attack that infiltrated Harbor Freight Tools' network could prove to be one of the biggest retail breaches this year, experts now say. Learn why card fraud linked to the attack is expected to grow.