Even though the U.S. is migrating to the EMV chip, Visa is still stressing the need for merchants to comply with the PCI Data Security Standard, says Eduardo Perez, the card brand's senior vice president of payment risk, in this video interview.
Senate-approved legislation that would incentivize businesses to share cyber threat information with the government also would strengthen the Department of Homeland Security's oversight of civilian federal agencies in implementing cyber safeguards.
LifeLock says it has reached a tentative agreement on a settlement with the FTC regarding alleged information security shortcomings and other issues. It says it's also reached agreement on a proposed settlement of a related consumer class action lawsuit. The stock market reacted favorably to the announcements.
While sophisticated cyberattacks and high-profile mega-breaches get most of the attention, European fraud experts say less sophisticated attacks are far more common and pose a greater fraud risk. At ISMG's Fraud Summit in London, they called for global collaboration to fight fraud.
The recent data breach at U.K.-based telecom company TalkTalk illustrates that breach risk mitigation is a critical issue worldwide. PCI's Jeremy King, who will be a featured speaker at ISMG's Fraud Summit London on Oct. 27, explains why European data security is getting more scrutiny.
Someone green-light this drama: Sony, after suffering a massive data breach that led to the leak of personal information and embarrassing corporate emails, has agreed to a data-breach settlement worth up to $8 million.
Bob Carr, CEO of Heartland Payment Systems, contends that not enough progress has been made in improving payments security in the seven years since the processor experienced a massive breach. Find out why he argues that retailers and processors still have much more to do.
ATM fraud losses are increasing globally, and we can expect to see this trend continue as the U.S. ramps up its migration to EMV at the point of sale. Unattended terminals are easy to compromise, and they will always be among fraudsters' favorite targets.
FBI Director James Comey's declaration that the Obama administration will not pursue legislation to require vendors to create a backdoor that would permit law enforcement to circumvent encryption on mobile devices isn't the end of the matter.
Convenience store operators say they aren't going to be fully EMV compliant anytime soon - and it's not their fault. Learn what else they had to say about their security challenges at this week's NACS Show 2015 in Las Vegas.
An alert issued - and then yanked - by the FBI about fraud vulnerabilities linked to EMV chip cards is reigniting the debate between bankers and retailers over whether EMV in the U.S. should be chip-and-PIN or chip-and-signature.
The shift to the EMV standard in the U.S. has drawn incredible media attention for more than a year as everyone witnesses the approach of the looming liability shift deadline. But what does it really mean for merchants, consumers, and hackers? I say the answer is actually very little, and in as few words as possible,...
What impact will the Oct. 1 fraud liability shift date have on EMV chip adoption? It's far too soon to tell. For now, though, it's clear that many merchants still lack the necessary POS equipment, and many consumers still lack chip cards - which means mag-stripe transactions remain commonplace.
Defeating biometrics-based security with far-fetched schemes, such as stealing or replacing eyeballs and fingertips, is a recurring theme in the movies. But real-world advances in authentication will help make it difficult to circumvent real-world security.