P.F. Chang's has issued an update to customers, saying its data breach was the work of a "highly sophisticated" gang, and that forensics experts continue to investigate the full extent of the breach.
In the same week that the new National Security Agency director spoke measuredly about the cybersecurity threat, his predecessor sounded the alarm about the calamitous dangers lurking in cyberspace.
A remote-access attack on a POS vendor may have resulted in the exposure of payment card transactions conducted at at restaurants throughout the northwestern U.S.
A class action suit against breached restaurant chain P.F. Chang's China Bistro is unlikely to succeed, some security experts say, because proving consumer losses linked to specific merchant data breaches is difficult.
Global payment card fraud levels have remained stable, demonstrating that today's security measures - such as EMV - merely drive criminals to focus on other geographies or types of card transactions.
Could too much regulatory oversight hinder cyberthreat information sharing, rather than encourage it? That's an increasing concern for bankers, who argue regulators could bog down progress in cybersecurity.
If the NSA's meddling in NIST cryptography standards soiled the reputation of the National Institute of Standards and Technology, an amendment approved by the House of Representatives could help restore it.
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?
The Financial Stability Oversight Council says banking regulators need to ensure institutions are expanding their cyber-intelligence sharing and third-party oversight as attacks against the financial infrastructure mount.
Ellen Richey of Visa reviews card fraud-fighting trends for the year ahead, including the U.S.'s migration toward EMV, greater use of tokenization and heightened fraud detection.
Mobile banking and remote deposit services have fueled a resurgence in "sweetheart" bank fraud schemes. These attacks point to the need for better cross-channel fraud detection and customer education.
It's not quite the cyberwar many have envisioned, but the United States and China are tangled in a brawl that resembles, in some respects, a combination of a trade war and cyber-sniping.
A new type of POS malware known as Nemanja has been linked to retail compromises in nearly 40 countries, but researchers say it's just one of many strains likely to be identified in the coming weeks.
Banking experts say the Retail Industry Leader Association's launch of a cyberthreat information sharing initiative is a good first step toward thwarting breaches, but it should build on the models used by other industries.
High-profile retail breaches, such as the one suffered by Target Corp., could spur more merchants to promote increased use of mobile payments to boost security, says Thad Peterson, a new analyst at Aite Group.
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