Data breaches tied to credit and debit cards accounted for more than 25% of all breaches in 2011. What must banking institutions and merchants do to help reverse this trend?
Data breaches are under-reported, and breached organizations aren't giving consumers the information they need about these compromises, says Karen Barney of the Identity Theft Resource Center.
Bank of America blames a suspected breach of credit card data on an unidentified third party. What happened, and what can other institutions do to better protect themselves and their customers?
In the wake of the latest hacktivist attacks against high-profile institutions, industry experts offer these tips to bolster online security, customer awareness and the corporate image.
"The misfortune here for the banks is that they can have the best fraud-detection systems out there ... but it all breaks down when they call the 'hacker' to verify the transaction," says Gartner's Avivah Litan.
The FDIC has issued revised guidance describing potential risks associated with relationships to third-party payment processors. What are regulators' new risk-management expectations of banks?
Regulators have hinted at it, and industry experts say it's coming. U.S. banking institutions can expect to see new guidance for mobile banking. The open questions are: When, and in what form?
Risk assessments are over. Now it's time for institutions to prove they conform to the FFIEC's Authentication Guidance. Fraud expert George Tubin offers tips to prepare for the first regulatory exam.
Chuck Groat, VP of bankcard risk management at Zions Bank, says his department has spent the New Year just trying to keep up with compromises - including the latest pay-at-the-pump attacks.
What steps can smaller organizations and their vendors take to ensure security and regulatory compliance? They must transcend what researcher Wendy Nather calls the 'Security Poverty Line.' See how.
Losses linked to debit fraud now exceed losses connected to check fraud, according to a new survey by the American Bankers Association. How are banks responding to the threat?
The Europay, MasterCard, Visa standard, commonly used in most global markets, is coming to the U.S. The sooner issuers, acquirers and merchants initiate migrations, the better, says Stephanie Ericksen, head of authentication product integration at Visa.
The Europay, MasterCard, Visa standard, commonly used in most global markets, is coming to the U.S. The sooner issuers, acquirers and merchants initiate migrations, the better, says Stephanie Ericksen, head of authentication product integration at Visa.
Recently discovered viruses, consisting of Trojans and other malware, at City College of San Francisco have stolen personal banking information and other data from perhaps tens of thousands of students, faculty and administrators, says John Rizzo, president of the board of trustees.
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