Visa has agreed to increase the reimbursement paid to banking institutions that must reissue cards in the wake of a merchant breach. Now the smaller card issuers, such as community banks, are getting paid the most.
Criminals are exploiting out-of-band authentication methods by using stolen landline numbers to verify their new Apple Pay accounts. How can behavioral analytics help?
In the wake of the breaches suffered by JPMorgan Chase, Sony and Anthem, attack attribution and information sharing are playing more prominent roles for banking leaders, and they will be key discussion points at the upcoming RSA Conference 2015 in San Francisco.
Businesses targeted by ransomware attacks are increasingly willing to negotiate with - and even pay - their extortionists. But negotiating with cyberthieves is never a good idea.
A banking regulator's comments about the need for retailers to bear responsibility for card breaches are outdated. Merchants aren't to blame for our broken payments system. Rather than point fingers, regulators need to offer stronger leadership.
A recent blog about payments security generated a spirited debate about the current state of merchant security, why card breaches continue to be an issue and EMV's impact on fraud.
Why aren't more U.S. merchants in a hurry to implement EMV? Two national retail association executives answered this question at Information Security Media Group's Fraud Summit in Los Angeles.
An upcoming series of summits on fighting financial fraud and mitigating advanced persistent threats will provide timely insights from industry thought leaders on the critical steps to take to address emerging risks.
A recent interview about why retailers say EMV without the PIN is a fruitless fraud-fighting effort has spurred debate among retailers and bankers. In the end, though, bankers' resistance to PIN is all about time and money.
In the wake of a data breach that followed a routine regulatory, a former regulator is asking why the agency failed to disclose the breach sooner, and why it has not accepted more responsibility for its error.
An important lesson to learn from the massive JPMorgan Chase breach is that banks can't just focus on protecting card data and online banking accounts; they also must protect their customers' personally identifiable information.
A Twitter chat featuring Gartner's Avivah Litan offered a lively discussion of numerous fraud-related issues, including card breaches, weak authentication and the need for mobile scrutiny. We'll host more chats soon.
We've been talking about shifting away from legacy mag-stripe technology and a move toward EMV chip cards for the last decade in the U.S. So is it too late, or is there still hope for EMV?
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.
Recent retail breaches have exposed security vulnerabilities, highlighting the importance of shifting to much stronger user authentication as well as verification of the authenticity of transactions.
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