Banking/security leaders aren't crazy about banking regulators telling them they could have done a better job detecting ACH fraud, and they're eager for more specific guidance on what to do going forward.
While we still use many of the same old names -- viruses, Trojans and worms -- today's malware deserves much more respect than we are giving it. Today's most sophisticated attacks, known as advanced persistent threats, are thwarting traditional layered security solutions, and a different approach is required. ...
"More and more consumers are using PIN debit at the pumps, so this makes for a rich harvest for the criminals," says John Buzzard of FICO's Card Alert Service.
Skimming remains the top threat to ATMs worldwide, but certain regions in Europe and Latin America are also seeing a rise in logical security breaches. Bottom line: ATMs are under attack.
Recent incidents of corporate account takeover have pushed regulators, associations and practitioners to call for greater awareness and more collaboration between commercial customers and banks. But is there an ROI to enhanced awareness?
Insider theft and other malicious behavior are particularly difficult to detect and prevent because employees often have legitimate access to sensitive corporate data and tend to know the weaknesses in their organization's infrastructure. Over the course of hundreds of customer interactions, Prism Microsystems, a...
Philip Andreae was there when EMV was born, and he plans to see the EMV evolution through, until it becomes a global standard embraced throughout the world.
The Smart Card Alliance's Vanderhoof says U.S. card issuers will likely rely on contactless mag-stripe technology to bridge a payments migration to EMV.
Mobile banking, social media, cloud computing. These all are part of the global banking landscape today, and with these innovations come expectations, says Allesandro Moretti of (ISC)2 and UBS Investment Bank.
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