"What's interesting is that the criminals are now using cryptographic technology to protect the card information they steal, and that's posing challenges for detection and law enforcement," says Jeremy King of the PCI Security Standards Council.
"As more channels connect to ACH, it will become the preferred route for banks to process transactions," says Steve Kenneally of the American Bankers Association.
In preparation for the holiday season, banking institutions must steer customers -- and employees -- toward best practices for safe online and mobile shopping.
NIST scientists are working to help the industry beat keyloggers, and law enforcement agencies cross borders to launch their fight against Zeus, the world's nastiest and most sophisticated Trojan.
Mobile banking is a given. Payments are the next frontier, and a number of technologies, such as remote deposit capture, are converging to make mobile payments readily accessible to consumers.
Zeus, now in its eighth generation, is striking businesses and financial institutions throughout the world, and it's suspected to be the malware behind recent attacks on mobile devices.
This week's top news and views: Reg. E Amendment Introduced in Senate; Insider Trading: Kerviel Sentencing Reveals Gaps. And don't miss our audio week-in-review podcast by Managing Editor Tracy Kitten.
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