"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.
Understanding the contact versus contactless variables for an implementation of EMV in U.S. is the first step, says Smart Card Alliance's executive director.
Unfettered access to state data "is the kind of stuff that causes me to lose sleep at night," Delaware CSO Elayne Starkey says, in explaining new, stringent rules to let employees use their own smart phones to access state networks.
"Where mobile payments are concerned, I don't want to say banks will be taken to the cleaners, but I think that's where their biggest threat is," says Avivah Litan of Gartner.
To help agencies secure their wireless networks and technologies, the Government Accountability Office came up with eight leading practices. For now, GAO says, wireless networks remain at an increased vulnerability to attack.
In preparation for the holiday season, banking institutions must steer customers -- and employees -- toward best practices for safe online and mobile shopping.
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