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?
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.
Fighting fraud tied to synthetic identities requires revamping the credit infrastructure to improve detection of fraudsters' activities, says risk management specialist Richard Parry.
Class action lawsuits that banking institutions filed against Target Corp. in the wake of the retailer's massive breach are being consolidated. The suits seek recovery of expenses, such as the cost of re-issuing affected payment cards.
As mobile banking adoption rapidly grows this year, financial institutions need to identify and fill security gaps, says Aite Group analyst Julie Conroy, a featured speaker at the May 14 Fraud Summit Chicago.
Third-party risks and the Fed's plans for emerging payments will be highlighted at ISMG's Fraud Summit Chicago on May 14. How banking institutions and retailers are expected to respond to new risks posed by external parties will be a focus for our keynote panel.
Police have withdrawn their allegation that a man arrested for fraud in Georgetown, Texas, also may have been involved in the Target Corp. data breach last December that impacted millions of customers.
Merrill Halpern of United Nations Federal Credit Union, a pioneer in the use of chip credit cards, says migrating debit cards to EMV will be an ongoing challenge for U.S. banking institutions.
Banking institutions that are considering whether to accept virtual currencies, such as Bitcoin, must consider the risks involved, including money-laundering. Learn about the very latest Bitcoin developments.
The resignation of Target CEO Gregg Steinhafel reflects a shift in corporate thinking about cybersecurity, raising new questions about whether CEOs should be held accountable for data breaches.
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