U.S. banks are well-aware of the fraud vulnerabilities magnetic-stripe cards pose, yet few have made moves toward chip technology. The time for stalling is over.
Heartland Payment Systems, which suffered a massive breach in 2009, is working to enhance POS security at the merchant level. What steps is this processor taking, and what role would it like to see card-issuing banks play?
Everyone is talking about big data. But Zions Bancorp is actually doing something with it - using data to enhance fraud detection and account monitoring. Aaron Caldiero offers tips for how banks can derive maximum value from big data.
Where are banks and credit unions making their biggest investments to fight fraud? See what banking executives and others have to say about emerging trends.
Her first nine months on the job included a data breach and a CEO shakeup. Hear how Symantec CISO Patricia Titus has adapted to business change and re-focused the company's security team.
Banking institutions are making technology strides to fight fraud. But how will emerging channels and services, such as mobile payments, impact these investments?
Two men have been sentenced for defrauding accountholders whose debit cards were compromised in the Michaels point-of-sale breach that hit stores in 20 states. What was their role in an elaborate fraud scheme affecting nearly 100,000 accounts?
Intuit and GE veteran Steve Bennett, chairman of the IT security software provider, replaces Enrique Salem, the longtime Symantec executive who had served as the company chief executive officer since April 2009.
How well do U.S. financial institutions conform to the FFIEC Authentication Guidance? One regulatory agency discusses the state of conformance and what its examiners have learned from institutions.
A successful organization in today's business world has most likely cultivated a "brand." Have you ever thought about creating your own brand to enhance your career?
A Mississippi bank is taking legal action against a former commercial customer, claiming the customer is liable for losses and damages linked to a suit over ACH/wire fraud.
The draft guidelines recommend developing system threat models, instituting a mobile-device security policy, implementing and testing a prototype of the mobile-device solution and securing a device before allowing user access.
Don't be too quick to write off the PATCO court ruling as a victory for banking customers in the debate over ACH/wire fraud liability. The reversal could actually be a win for banks.
The First Circuit Court of Appeals ruling offers a fascinating look at exactly which security controls Ocean Bank, now People's United Bank, did - and did not - offer to customers such as PATCO.
How are banks addressing mobile security risks? Bank of America's Keith Gordon says most are just beginning to forge ahead in the mobile space, and new security gaps are areas for which institutions have to prepare, proactively.
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