NPCI's new unified payment interface for smartphones aims to simplify mobile money transfer through a single interface. But can it truly ensure a secure transaction through single-factor authentication?
Banking institutions' technical and procedural shortcomings pose increasing risks to the nation's critical infrastructure, two banking regulators note. Learn why they say more transaction monitoring and information sharing are needed.
New exploits linked to Apple Pay aren't compromising the mobile device's security, but instead are taking advantage of lax authentication practices used by banking institutions to verify cards that are loaded to the iPhone for Apple Pay purchases.
Authorities have disrupted a botnet that was serving up the Ramnit banking malware, which has infected 3 million PCs worldwide. But information security experts warn that the disruption will likely be temporary.
Visa Europe will launch in April a new mobile payments service to tokenize payment card data, enabling consumers to pay retailers with their smart phones and wearable devices. The move could pave the way for an Apple Pay rollout in Europe.
NACHA is already laying the groundwork that will help make the Federal Reserve's faster payment plan a reality while ensuring security and reducing fraud, says Jan Estep, NACHA's president and CEO, in an exclusive interview.
Manufacturers of PCs and mobile devices must end the practice of preloading "bloatware." Lenovo's experience with offering "free" adware shows the hidden security and performance tradeoffs buyers must endure.
A British/American intelligence team hacked Gemalto - the world's largest SIM manufacturer - and stole encryption keys that can be used to intercept and eavesdrop on cellular communication, according to a news report citing leaked documents.
Is your organization running its anti-malware defenses properly? Don't be so sure. A new study finds that essential features built into anti-virus software are not always being used. From an information security standpoint, that's a serious problem.
Extradited Russian national Vladimir Drinkman, who's been charged with masterminding the largest-ever hack attack in U.S. history, this week pleaded not guilty in U.S. federal court to 11 charges relating to the theft of 160 million payment cards.
A team of hackers has been operating since at least 2001, wielding malware that even today is among the most advanced attack code to have ever been discovered, according to a new study. Security experts are debating whether the NSA could be involved.
In an exclusive interview, Sergey Golonvanov, a threat researcher at Kaspersky Lab, offers insights about the Russian cybercrime ring that over the weekend made headlines for defrauding banks of up to $1 billion.