Mobile attacks are on the rise, and banking institutions need stronger authentication and better defenses against out-of-band compromises. But what else should banks be doing in 2013? Experts weigh in.
Global Payments Inc. says its 2012 data breach has cost the payments processor $93.9 million. What is the breakdown of these expenses, and how has the breach impacted the company's business?
Peer-to-peer, near-field communications and barcode scans are revolutionizing mobile payments. What unique risks do these emerging technologies pose to banking institutions? Two FDIC executives offer insights.
When it comes to mobile security, users say the right things, but still indulge in risky behavior. Javelin's Al Pascual tells how security leaders can create better partnerships and practices in 2013.
How can banking institutions ramp up their efforts in 2013 to meet customers' growing demands for more payments security? Collaboration is the key, experts say in their review of a new fraud study.
Eurograbber is more than just another banking Trojan. It's an exploitation of fundamental online banking authentication practices that could strike any institution, says Check Point's Darrell Burkey.
Because many merchant compromises result from badly installed or configured applications, payments acquirers, such as Chase Paymentech, are stepping up to help address point-of-sale security.
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.
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.
How do we provide mobile applications to our users that fulfill their need for immediate access, but also provide them with assurance that their information is safe? Here are four fundamentals.
A breach of the S.C. tax system exposed more than 385,000 credit and debit card numbers. Now the state's Inspector General says lax security practices have put digital assets at risk.
Accelerated interest in mobile payments is paving the way for new revenue streams. But Javelin's Alphonse Pascual says mobile security products, not payments technology, will reap the most rewards for banks.
The future of security in payments remains unclear, says Nicolas Vedrenne of the Merchant Risk Council. But international collaboration will be critical, especially as infrastructures merge.
Third-party applications and users' risky behavior are two of mobile security's greatest enemies. But mobility expert Tom Wills says banking institutions can mitigate their risks. Here is how.
If President Obama's second term were a movie sequel, I'd call it "Unfinished Business." It's time to step up and see through the cybersecurity initiatives Obama spoke about when he first took office.
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