The individual implementing security - the chief information officer - can't be the same as the person responsible for testing security, conducting audit and reporting on security weaknesses, South Carolina Inspector General Patrick Maley says.
Curbing pay-at-the-pump card skimming attacks is daunting, and incident tracking is to blame. But a new initiative spearheaded by the oil industry and card issuers raises the bar for information sharing.
The PATCO fraud dispute could have been settled in 2009, says co-owner Mark Patterson. Why did the case drag on, and what can banking institutions and fraud victims learn from PATCO's recent settlement?
An insider fraud scheme at a financial institution highlights how executives with too much power can abuse the system. What steps could have been taken to prevent the losses that ultimately led to this institution's failure?
Small attacks aimed at merchants are proving the most fruitful for hackers, recent analysis from Verizon shows. But risk expert Wade Baker says there are steps banking institutions can take to respond.
Credit and debit fraud is growing, and that uptick is leading to the loss of customers for issuing banks. But a new global study finds consumers want to work more with institutions to detect and prevent fraud.