The only way to put a dent in financial fraud and cybercrime is through aggressive prosecution and tough sentences for the guilty. That's why a sentencing last week in the RBS WorldPay case is disappointing.
Anti-money-laundering experts say Standard Chartered Bank's settlement with a regulator is a wake-up call for banks. Could more state regulators impose penalties for records tied to foreign transactions?
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?
Now that Congress has failed to enact significant cybersecurity legislation, President Obama needs to find new ways to secure key government and business IT systems, says Melissa Hathaway, a former top White House cybersecurity adviser.
Associated Bank, which has more than 250 locations in three states, is addressing BSA compliance and money-laundering detection at the enterprise level. How could that approach also help the bank improve fraud detection?
"We find it hard to believe that there are any reasons or basis to oppose this legislation," presidential counterterrorism adviser John Brennan says of the Cybersecurity Act of 2012. "I'm just very puzzled as to why individuals would oppose this."