Ransomware attacks are on the rise, and mobile banking applications are the newest targets. Security experts offer risk mitigation advice for banking institutions and their customers.
High-profile retail breaches, such as the one suffered by Target Corp., could spur more merchants to promote increased use of mobile payments to boost security, says Thad Peterson, a new analyst at Aite Group.
Marc West of Fiserv says banking institutions have two challenges when it comes to developing mobile-payments solutions - focusing on the product development and preparing for regulatory oversight.
As mobile banking adoption rapidly grows this year, financial institutions need to identify and fill security gaps, says Aite Group analyst Julie Conroy, a featured speaker at the May 14 Fraud Summit Chicago.
Third-party risks and the Fed's plans for emerging payments will be highlighted at ISMG's Fraud Summit Chicago on May 14. How banking institutions and retailers are expected to respond to new risks posed by external parties will be a focus for our keynote panel.
"Security as a business enabler" was the mantra echoing through the recently concluded 2014 Infosecurity Europe conference in London, a message that should have been heeded by top executives at retailer Target last year.
Trusted Identity is the end-goal, and mobile devices are the means to get there, says Dave Rockvam of Entrust. How are mobile devices being leveraged for security in the enterprise today?
The recent Verizon Data Breach Investigation Report notes more than 16,000 incidents in the past year where sensitive information was unintentionally exposed. "Nearly every incident involves some element of human error," the report notes.
Instead of approaching mobile defensively, banking institutions should be discussing how mobile integration can improve cross-channel security, says Jim Van Dyke of Javelin Strategy & Research.
The Target breach. Account takeover. Mobile banking. Big data analytics. If these terms mean anything to you, then stop right now and give some thought to attending our Fraud Summit in San Francisco on April 29.
There's a ton of event content to choose from at Infosecurity Europe 2014, which runs from April 29 through May 1, and here are some of the sessions that caught one editor's eye.
The Government Accountability Office's Gregory Wilshusen is an empathetic IT security auditor, saying he understands why agencies don't always follow his recommendations. Read why.
An analysis of the Target breach prepared for a Senate committee is a political document that might help its patron's agenda but doesn't go far enough to identify technical solutions to help enterprises avoid Target-like breaches.
The No. 1 reason Congress, after five years of intensive efforts, has yet to enact comprehensive cybersecurity legislation is differences over how much liability protection to grant businesses to get them to share cyberthreat information.
Watch this 6-minute video highlighting what the global leader in strong authentication, RSA, has done over the years and continues to do to maintain the number-one spot in the security industry.
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