NPCI's UPI service, providing instant mobile fund transfer, will go live April 8. In the pilot, 29 banks will start UPI-based services using a single identifier with the norm of single-factor authentication. What challenges await CISOs?
By spring, banks and credit unions across the U.S. are expected to start rolling out "card-free" ATMs, offering transactions that experts say will eliminate fraud losses linked to skimming, and at the same time open new doors for mobile payments.
With the U.S. accelerating its adoption of the EMV chip, encryption and tokenization, life is going to get tougher for fraudsters, and card-not-present fraud will rise, says PCI Council Director Jeremy King. Regions with poor data security must beware.
New electronic payment methods lead to huge security challenges. Experts suggest initiatives including deploying standard security controls at all levels, mandatory breach disclosure, and sharing best practices to secure gateways.
The Indian financial sector is at the dawn of a new age of electronic payments. What are the new form factors, and how must they be secured? An expert panel discusses the evolution and its unique security challenges.
The story around payment security in India is driven by the spurt of technology innovations in nontraditional payment channels that are seeing massive traction. SISA's 2016 Summit will look at innovation and the threat landscape.
Landry's Inc. now reveals the broad scope of point-of-service malware attacks against its restaurants and other properties dating back to 2014 and 2015. Experts discuss factors that could have contributed to the breaches.
Privacy can be a true game changer for Indian enterprises in 2016. But to get there, then privacy practitioners and leaders must help ensure discussion evolves into how privacy can help organizations drive business growth.
Who's responsible for the 12 percent uptick in financial fraud losses absorbed by U.S. banks? The American Bankers Association points to retail breaches. But one observer thinks "the ABA has its head in the sand." Read other reactions to the ABA's fraud report.
Retailers have been at the center of high-profile breaches and an ongoing debate with banking institutions. But Brian Engle of the Retail Cyber Intelligence Sharing Center says cross-industry collaboration is helping retailers improve cybersecurity.
Financial losses tied to fraud against bank accounts increased about 12 percent from 2012 to 2014, but banks are not to blame. To the contrary, the ABA argues that banks are actually making significant strides in their fraud prevention efforts.
Security experts are warning that Chinese networking product manufacturer TP-Link has been shipping routers with a WiFi password that's based on their MAC address, thus making their passwords easy for would-be attackers to sniff.
Because of the U.S. migration to EMV, 2016 is expected to be a watershed year for mobile payment adoption, says Randy Vanderhoof of the EMV Migration Forum. Now, he says, the industry should be more focused on new applications hitting the market than on the number of adopters.
Here's why the acquisition of rival threat-intelligence firm iSight Partners by breach investigation heavyweight FireEye makes sense, and why market watchers predict that other stand-alone intelligence firms will soon get snapped up.