Global Payments Inc. plans to buy its smaller rival, Heartland Payment Systems Inc., for $4.3 billion. Both payment transaction processors have suffered massive data breaches, and industry observers are weighing in on whether the merged companies will successfully build a strong culture of security.
Passage of cyberthreat information-sharing legislation could hinge on how the measure is presented to Congress, and its fate could be tied to a massive omnibus appropriations bill to fund the federal government for the remainder of fiscal 2016.
Australian police have raided the Sydney home of cryptographer and entrepreneur Craig Wright, who's been named as being the suspected creator of the bitcoin cryptocurrency. Has the real "Satoshi Nakamoto" finally been unmasked?
A possible settlement between MasterCard and Home Depot to compensate card issuers affected by the retailer's 2014 data breach has created confusion for some banks and credit unions, say attorneys representing institutions in a class action lawsuit.
Determining the "fairness" of Target's proposed $39 million settlement with financial institutions affected by the retailer's 2013 breach is impossible until we find out the answers to many questions, including how many banks and credit unions qualify.
As the U.S. moves toward faster payments, it must include new payments providers, such as Apple Pay and Square, as well as banks in all efforts to ensure security, says David Lott of the Federal Reserve Bank of Atlanta.
TalkTalk's confusion in the wake of its recent data breach, as well as mangling of technical details and failure to encrypt customer data, demonstrate the importance of having an incident-response plan ready in advance of any breach, experts say.
Reversing recent claims that it was unaware of any data breaches, hotel chain Hilton Worldwide now says it suffered a POS malware infection that affected an unspecified number of hotels, customers and payment cards in 2014 and 2015.
Attorneys general in nine states say card issuers should move to chip-and-PIN, rather than chip-and-signature, as they roll out EMV. But are other issues, such as wider use of encryption and tokenization, more worthy of attention?
Starwood Hotels and Resorts has confirmed a point-of-sale breach, but card issuers say they don't believe the Starwood breach is isolated, and that fraud patterns indicate that another, perhaps larger breach, is impacting cards across the country.
More than four years after the POS swap attack that struck 80 Michaels craft stores throughout the U.S., details about how the attackers pulled off their scheme have finally emerged. Read why one expert says this was a crime of cash, not cards.
Despite near-constant warnings from law enforcement officials and the information security community, too many organizations still aren't taking security seriously, experts warned at the Irish Cyber Crime Conference in Dublin.
Card-not-present fraud now outpaces card-present fraud in the U.S. by a ratio of 3:1, and is up 30 percent globally since 2014. Experts tell why ecommerce sites need to respond with stronger online authentication, tokenization and behavioral analytics.
In this video interview, former Equifax senior vice president Andy Smith examines the types of scams fraudsters are attempting in the wake of the US EMV liability shift, as well as the countermeasures financial institutions can take to derail them.
The annual Black Hat Europe conference this year once again brought together numerous information security aficionados in Amsterdam for the latest training and security insights. Here are visual highlights from the conference.