BofA's announcement to charge customers for debit transactions is likely just the beginning, as banks across the U.S. react to debit interchange cuts that take effect Oct. 1.
When it comes to mobile banking, which do you believe is the greater security risk: the latest evolution of malware or continued bad behavior by the end user? Experts' answers may surprise you.
BITS, the technology policy division of The Financial Services Roundtable, has just named Paul Smocer its new president. What are his strategies for tackling fraud, security and FFIEC compliance?
Discussing Verizon's new report on the state of PCI compliance, PCI expert Jen Mack says payment card security today is "disappointing," and global merchants are at serious risk of new data breaches.
The certificate authority system is flawed. It's like the Wild West, disjointed and unregulated, where no enforcement exists for standardized accountability.
Consumers say convenience outweighs risk when it comes to banking online. And the ABA's Nessa Feddis says online banking is actually more secure than most industry pundits suggest.
Hacks are unavoidable; they happen. The challenge is how to handle them once they occur. DigiNotar demonstrates what organizations should not do when a breach is discovered.
Fraud is winning in the fight against cybercrime. Why? Because financial institutions continue to rely on ineffective technology and controls, says fraud analyst Tom Wills says.
"Forensics in the cloud is not necessarily a new field, but requires a new skill set and being able to learn on the fly," says Rob Lee, curriculum lead for digital forensics at SANS Institute.
Information security poses a major challenge to the widespread adoption of cloud computing, yet the Cloud Security Alliance, an association of cloud stakeholders, sees the cloud as a provider of information security services.
As smartphone usage grows, so do emerging threats of mobile malware. When it comes to mobile banking security, financial institutions can only do so much. Security solutions will have to come from mobile vendors, says ENISA's Giles Hogben.
Mobile apps and smartphone security are increasing global concerns. But Dr. Giles Hogben of ENISA says mobile malware mania is a bit overhyped, since mobile is actually more secure than most other platforms currently on the market.
Mobile definitely has vulnerabilities that pose risks. But are our concerns about open-source platforms and the mainstream availability of downloadable mobile apps over-hyped?
Want to reduce ATM skimming incidents? Heed the advice of Seattle-area banking institutions and law enforcement officials, who have gleaned a half-dozen clues from that region's recent fraud investigations.
The breach earlier this month of certificate authority DigiNotar could prove to be the worst security event ever to happen on the Internet because it threatens, at its core, a fundamental principle of Internet transactions - economic and social - trust.
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