Expenses linked to the data breach at Target Corp. have already cost the 58 member institutions of the Consumer Bankers Association more than $170 million - a price they should not have to pay, says the association's David Pommerehn.
Organizations in all sectors can improve their compliance with the PCI Data Security Standard by taking five critical steps, says Rodolphe Simonetti of Verizon Enterprise Solutions, which just issued a new PCI compliance report.
Here's a sampling of the many sessions at RSA 2014 that will provide timely insights for security specialists in the government sector on such topics as vetting foreign technologies and implementing the new cybersecurity framework.
Encryption gaps in retail payment card transactions were highlighted at a Congressional hearing that examined security failures in the aftermath of malware attacks against point-of-sale systems at Target and Neiman Marcus.
When a Massachusetts bank implemented a file sharing application for mobile devices, it chose to host it internally rather than outsource it to a cloud provider to improve security. Find out the details in this case study.
When breaches result from retailers' lax security practices, merchants should be obligated to help banking institutions cover fraud losses and other post-breach expenses, says Viveca Ware of the Independent Community Bankers of America.
As Congressional leaders look for answers about why U.S. card security is failing, there hasn't been enough discussion surround why EMV can't easily fix our system. And the card brands have been conspicuously absent from the debate.
At a Feb. 4 Senate hearing, a senior executive from Target Corp. endorsed a shift to chip cards, combined with PINs, to enhance security, while a Neiman Marcus executive questioned if that was a prudent move.