Gartner fraud expert Avivah Litan shares ideas about how lessons learned from the Global Payments data breach can help security practitioners mitigate card-fraud risks and prevent future incidents.
When it comes to the FFIEC Authentication Guidance, Aite analyst Shirley Inscoe fears too many banking institutions are investing only in achieving compliance - not ongoing security.
Eighty-five percent of data breaches go undetected, but organizations have a new type of cop on the beat to ferret out these illicit activities - the data scientist, says Phil Neray, head of security intelligence strategy and marketing for Q1 Labs, an IBM company.
What security vulnerabilities are exposed by recent skimming attacks at eight Toronto hospitals? Fraud experts say there are lessons to be learned when placing ATMs outside traditional bank locations.
How will Diane Ness and BITS help banks reduce fraud? As the new head of fraud-reduction programs for the technology division of the Financial Services Roundtable, Ness says education and communication about emerging threats will be a priority.
How does the role of IT security professionals need to change to improve the security of their organizations? Steve Durbin of the Information Security Forum offers insights.
Securing the massive amounts of data swamping organizations, a trend known as big data, can be addressed, in part, by organizations simply getting rid of data no longer needed, Grant Thornton's Danny Miller says.
Is there an ideal message a senior executive can deliver amidst breach response? The recent breach of Global Payments Inc. and the subsequent CEO's response to the incident raise this question.
According to our new survey, more than half of banking institutions expect an increase in fraud-fighting resources this year. But how are they investing those resources? The answers may surprise you.
Creating a "culture of compliance" that emphasizes the importance of privacy requires far more than "management by committee," says change management specialist Jan Hillier.
With a court decision handed down in Texas, a lingering lawsuit against Heartland Payment Systems and two acquiring banks, KeyBank and Heartland Bank, appears to finally have been put to rest.
Ignorance is not bliss. Two new studies, when viewed together, show that consumers' ignorance of the consequences of their actions coupled with enterprises' unawareness of their computing environment equal unacceptable risk.
The cost of a data breach is down, say the latest Ponemon Institute study. But as the Global Payments breach shows, organizations still have many reasons to be concerned, says researcher Larry Ponemon.
How might the Global Payments breach saga unfold? A look back on the Heartland Payments System incident and investigation offers clues to what could be a rocky road ahead.
In the wake of the Global Payments Inc. data breach, what should banking institutions do to ease customers' concerns and contain any potential fraud? Experts weigh in with three key tips.
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