MasterCard is testing a smartphone app that lets users approve online transactions using facial recognition, via the equivalent of taking a selfie. But could such technology be spoofed, and will it reduce card fraud?
Trump Hotel Properties confirms it is investigating reports of card fraud tied to multiple hotels. Numerous hotels, restaurants and retailers continue to report breaches, stemming from POS malware infections.
The Big Data explosion will expand in volume, velocity and variety. Analytics are key to deriving insights from this data, particularly in cybersecurity and anti-fraud, says Dominic Ligot of Teradata Philippines.
Chris Feeney, recently named president of BITS, the technology and policy division of the Financial Services Roundtable, describes his top cybersecurity priorities, including helping members deal with insider threats.
Bank-owned digital payments network clearXchange is rolling out a real-time payments platform that will be available to 100 million online banking customers. Security experts weigh in on the fraud concerns.
India's burgeoning mobile penetration has led to a massive uptake in app usage. Frenetic development to meet demand has found security ignored. Dhananjay Rokde discusses how this ecosystem functions today.
Wipro has developed a fraud detection model for improved risk management using big data analytics. Can CISOs leverage it to reduce risk, enhance process efficiency and refine fraud detection algorithms?
It's still early days for mobile e-commerce in India, but with the quantum of users increasing exponentially, HDFC Bank's new mobile payments platform may be the direction in which the industry is headed.
The consolidated class-action lawsuit filed by banking institutions against Home Depot is more evidence of how issuers are no longer relying solely on card brands to be compensated for breach losses and expenses.
A new breach reported by Heartland Payment Systems won't get much attention. But this incident could be more damaging to the undisclosed number of consumers affected than was Heartland's 2008 payment card breach.