The White House Summit on Cybersecurity and Consumer Protection late last week served as the stage for more than a dozen companies and trade groups to announce new initiatives aimed at securing Internet transactions and payments and reducing fraud.
Even a few weeks after the RBI announced its plan to consider removal of the two-factor authentication requirement for small-value transactions, security critics continue to react strongly against the notion.
The Federal Reserve's just-released plan for faster payments and technology standardization, while applicable to ACH and wire transactions, won't easily translate for card payments, says Troy Leach of the PCI Security Standards Council.
The Federal Reserve on Jan. 26 revealed its roadmap for an overhaul of the U.S. payments system, which includes plans for faster settlement and a focus on improving payments security to reduce fraud.
The increase in sophisticated hacking attacks will lead other sectors to follow the lead of the financial services industry in implementing multifactor authentication, says Ken Hunt, CEO of VASCO Data Security International.
Is Amazon India on the verge of extending its online payments gateway to offline sellers and kiranas? And if so, what are the potential business implications and security risks for Indian organizations?
The Reserve Bank of India is considering removal of its two-factor authentication requirement for small-value transactions. The goal: to facilitate easier transactions. But security experts fear the move may actually increase fraud.
A new report now claims the breach at JPMorgan Chase is linked to a server the bank's security team overlooked when upgrading to two-factor authentication controls. Why that oversight and a well-planned spear-phishing attack were all hackers needed.
To date, the most common reaction to targeted attacks has been for organizations to just do what they have always been doing, but harder. That isn't going to work. We need to look at this problem differently and adopt a different set of thought processes. There is a great deal to be said for adopting a warlike...
Financial transactions on smart phones require layered security that helps outsmart cyberthieves, says Alan Dabbiere, chairman of AirWatch, who describes today's mobile challenges.
Security experts see the FIDO Alliance's release of two universal authentication specifications as a positive move in the effort to eliminate passwords. But the standards' impact will be minimal unless they're widely adopted.
A recent blog post by Managing Editor Mathew J. Schwartz, "Why Are We So Stupid About Passwords?" raised a number of issues about the ongoing risks involved in using passwords for authentication. Read the strong reaction to the commentary and join the conversation.
The latest entrant into the password "hall of shame" is Sony Pictures Entertainment. As the ongoing dumps of Sony data by Guardians of Peace highlight, Sony apparently stored unencrypted passwords with inadequate access controls.
The Syrian Electronic Army hacker collective has claimed credit for hacking into an advertising network used by a number of media sites, as well as disrupting access to more than 80 websites.
MasterCard is testing a biometric wristband that authenticates a user's identity for payment card transactions by monitoring their heartbeat. Payment experts weigh in on whether the technology has the potential for widespread use in preventing card fraud.
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