The Secure Payments Task Force was established by the Federal Reserve Bank in 2015 in part to determine areas of focus and priorities for future action. Jim Cunha, a member of that task force, talks discusses how to advance payment system safety, fight fraud and ensure resiliency.
Armed with stolen personal data, cybercriminals can easily bypass conventional identity authentication methods. So how can organizations strengthen authentication without harming customer experience? Shaked Vax of IBM Security shares insights.
Traditional approaches to authentication can't work effectively in a digital environment where customers and partners are interacting from multiple vectors. Evan O'Regan of Entrust Datacard discusses how to remove friction - and fraud - from the process.
Facebook says up to 87 million people may have had their personal details transferred to voter-profiling firm Cambridge Analytica. The figure includes 17 million people in nine countries outside the U.S., potentially intensifying regulator scrutiny of the social networking site.
Panera Bread appears to have failed to fix a customer data leak for more than eight months after getting a heads-up from an independent security researcher. Here's what others should learn from the bakery café chain's mistakes.
Russian national Yevgeniy Nikulin, 30, has been extradited to the U.S. from the Czech Republic to face charges that he hacked LinkedIn, Dropbox and Formspring, offering at least some stolen data for sale.
Malaysia's central bank, Bank Negara Malaysia, says it detected and successfully blocked an attack that attempted to steal funds via fraudulent SWIFT interbank money-moving messages. The attack against BNM led the central bank of the Philippines to issue an alert to banks in that country.
Department store chains Saks Fifth Avenue, Saks Off Fifth and Lord & Taylor have suffered a data breach that apparently exposed details on 5 million payment cards. Cybersecurity firm Gemini Advisory says the JokerStash syndicate - aka Carbanak gang - is selling the stolen card data.
What impact with the Facebook data privacy controversy have on the social media company, and other tech giants, eventually competing with banks? James Wester of IDC sizes up the open banking implications.
Vendor risk management is becoming more critical as companies rely more on partners who have access to payment card data and other sensitive information, says Ramon Lipparoni, IT integration manager at ComAir, a South African airline. One critical step, he says, is conducting impromptu vendor audits.
Under Armour says an unauthorized intruder gained access to information for the accounts of 150 million users of its MyFitnessPal mobile app and website. Learn why some fear the breach could lead to a massive phishing campaign.
Police have charged 20 Romanian and Italian nationals with running spear-phishing attacks that stole more than $1 million from online bank customers. Phishing remains a favored criminal technique for harvesting account credentials and cryptocurrency, as well as corporate secrets.
Leading the latest edition of the ISMG Security Report: Ransomware hits the city of Atlanta, Baltimore's 911 system as well as aviation giant Boeing. Plus, WikiLeaks and its Julian Assange get taken for a ride by Russian intelligence.