Merrill Halpern of United Nations Federal Credit Union, a pioneer in the use of chip credit cards, says migrating debit cards to EMV will be an ongoing challenge for U.S. banking institutions.
Banking institutions that are considering whether to accept virtual currencies, such as Bitcoin, must consider the risks involved, including money-laundering. Learn about the very latest Bitcoin developments.
The resignation of Target CEO Gregg Steinhafel reflects a shift in corporate thinking about cybersecurity, raising new questions about whether CEOs should be held accountable for data breaches.
Industry analysts are debating why it took retailer Michaels nearly three months to confirm a breach of its point-of-sale network, and they're asking if the breach is linked to others, including those at Target and Neiman Marcus.
Verizon's latest annual breach report shows that Web application attacks increased more than malware-fueled point-of-sale intrusions in 2013, says analyst Dave Ostertag, who provides an overview of the report's findings.
Ellen Richey of Visa, keynoter at the April 29 Fraud Summit San Francisco, outlines key card fraud-fighting trends for the year ahead, including the U.S.'s migration toward EMV, greater use of tokenization and heightened fraud detection.
Arts and crafts retailer Michaels says an investigation has now confirmed a data breach involving sophisticated malware may have compromised account information for 3 million payment cards.
In the wake of recent high-profile retail breaches, the PCI Security Standards Council is supporting a move toward chip card technology that conforms to the Europay, MasterCard, Visa Standard, says General Manager Bob Russo.
Analysts say it's easy to believe the Neiman Marcus data breach may be tied to attacks on Heartland Payments Systems Inc. and other entities. But tracking the crimes is one thing; prosecuting is quite another.
Concerns about ATM cash-outs and fraud reach new heights, as U.S. federal banking regulators warn institutions to watch out for the fraudsters' latest scheme, known as "unlimited operations."
One of the two banks that filed a class action lawsuit against Target and Trustwave tied to the retailers' data breach last year has dismissed its claims. Three security experts offer an analysis.
Cosmetics supplies retailer Sally Beauty now says more than 25,000 records containing card data may have been illegally accessed and removed from its systems during a recent data breach.
A class action lawsuit filed by two banks against Target in the wake of its 2013 breach has an unusual twist: It seeks damages from Target and Trustwave, allegedly the retailer's qualified security assessor. Experts offer an analysis.
As the California Department of Motor Vehicles continues its investigation into a possible breach of its online payments processing system, financial services industry sources explain why a link to recent retailer breaches is unlikely.
The California Department of Motor Vehicles is investigating a possible credit card breach after it was notified by law enforcement authorities of a "potential security issue within its credit card processing services."
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