Building on existing contactless NFC technology could bridge the gap between the mag-stripe and chip and PIN. And the Smart Card Alliance says merchants should begin investing in infrastructure upgrades now.
Security experts at this week's Gartner Security and Risk Management Summit agree: Security, not compliance, has to be the new focus. Cyberintrusions cannot be stopped, and the RSA breach should be a lesson to the industry.
For many, the lack of security on mobile devices is a major inhibitor to their adoption of mobile banking. As banks look to address these issues and capitalize on the opportunities of the mobile environment, they are also challenged by the need to bolster customer confidence in online banking. With Entrust's...
This TowerGroup Research Note addresses the growing issue of targeted attacks by
cybercriminals on business banking customers. As the sophistication of cybercriminal organizations has developed, they have begun attacking businesses with techniques such as phishing and "man in the middle" Trojan horses, techniques...
The proliferation of mobile devices and mobile services engenders both threats and opportunities in the financial services market. Because they recognize the opportunity to find vulnerabilities in this nascent technology, cybercriminals are turning their focus to the mobile channel to launch new attacks. Yet, both...
Victimized by a hack of its SecurID authentication token that resulted in the breaches of several customers' IT systems, security maker RSA is expected to announce its first chief security officer as early as Friday.
Art Coviello, RSA's executive chairman, confirms that information taken from RSA in March had been used as an element of an attempted broader attack discovered late last month on SecurID customer and defense contractor Lockheed Martin.
David Navetta, an attorney who specializes in IT security and privacy, says the magistrate's recommendation, if accepted by the judge, could set an interesting legal precedent about the security banks are expected to provide for commercial customers.
Payment card fraud. ACH and wire transfers. ATM skimming. And especially insider crimes. These are among today's top information security threats to institutions, says banking regulator Gigi Hyland in an exclusive interview.
The National Strategy for Trusted Identities in Cyberspace (NSTIC), a government-private sector initiative, could enhance efficiency, security and privacy in all the transactions done online every day, says NIST's Jeremy Grant.