Incidents of card data exposure, such as Citibank's recent online breach, get regulators' attention. And sources say banking examiners are increasingly asking tougher questions about the protection of consumer data.
The FBI says Bulgarian fraudster Dimitar Dimitrov led ATM skimming rings that ranged from New York to Las Vegas, and now a federal judge has sentenced him to prison. Is the sentence appropriate?
Losses linked to debit fraud are increasing, says Jane Yao of the American Bankers Association, and the industry is in a perpetual state of catch-up. A new study tells how institutions can fight back.
Concerns expressed by the National Security Agency director come at a time when Congress is split over the role government should perform in determining the security of the mostly privately owned national critical IT infrastructure.
Michael Benardo of the FDIC says banking institutions can expect more scrutiny about the due diligence they conduct on payments processors and merchants. What are the top risks institutions must address?
Data breaches tied to credit and debit cards accounted for more than 25% of all breaches in 2011. What must banking institutions and merchants do to help reverse this trend?
What are the top two fraud schemes hitting banks and credits unions the hardest? The early responses from our ongoing 2012 Faces of Fraud Survey just might surprise you.
RSA Chief Technologist Sam Curry defends the company's approach to public-key cryptography after researchers suggest a flaw in its encryption algorithm, contending the problem exists elsewhere in the security chain.
Where was the weak link in the payments chain that led to the recent credit card data breach impacting Bank of America customers? A bank spokesperson offers new details about the possible compromise.
What are the top emerging fraud threats to banking institutions via mobile banking, and how must security leaders respond? Julie McNelley of the Aite Group offers tips for fighting the newest threats.
Why must financial institutions pay more attention to risks posed by third-party payments processors? FDIC executive Michael Benardo explains the updated guidance in an exclusive interview.
Mike Mitchell, new chair of the Payment Card Industry Security Standards Council, says mobility is among his top priorities for action in 2012. How will emerging technologies influence the standard?
Up to now, banks and business have not paid much attention to hacktivists. But that's got to change. In fact, cybersecurity threats waged by hacktivists pose increasing concern.
Bank of America blames a suspected breach of credit card data on an unidentified third party. What happened, and what can other institutions do to better protect themselves and their customers?
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