Although adoption of mobile banking is accelerating, mobile payments have yet to reach a tipping point and security issues need to be addressed, says Marc Warshawsky of Bank of America, a mobile banking pioneer.
Recent data breaches, such as the ones suffered by Target Corp. and Neiman Marcus, may have been detected sooner if retailers had been sharing transactional pattern and behavioral information about their customers, says Mike Braatz of ACI Worldwide.
A retailer should help pay for card re-issuance and other expenses after a breach if the merchant is shown to have had inadequate security in place, says Viveca Ware of the Independent Community Bankers of America.
Congress heard testimony from cybersecurity experts this week about the steps that should be taken to minimize the risk of breaches of the payments system. Learn what Troy Leach of the PCI Council and others had to say.
Distributed-denial-of-service attacks are a concern for all organizations. But financial institutions face unique challenges, and so they require a unique level of protection, says Mark Byers of Fortinet.
NIST information risk guru Ron Ross, in a video interview, previews new guidance from the National Institute of Standards and Technology that's aimed at helping organizations architect their IT infrastructures to be secure from the get-go.
In the wake of its data breach last year, Target Corp. is overhauling its information security and compliance practices, launching a search for a new CIO and creating the position of chief information security officer.