The success of Operation SAMBRE, a global cybercrime investigation into the theft of billions of dollars from banks throughout the world, proves why information sharing between law enforcement and the private sector is key to battling cybercrime.
It's easy to look at the payments landscape and see only the flaws. But payment card security has come a long way in the past 10 years, thanks in large part to the PCI Data Security Standard. How will card security be refined in the coming decade?
CEO fraud campaigns are becoming far more common. A recent attack against our company was deflected because of the alertness of a staff member who received a fraudulent wire transfer request, illustrating why well-informed employees truly are the best lines of defense against these schemes.
As we prepare to mark the tenth anniversary of the PCI Security Standards Council, it's time to assess the impact PCI-DSS has had on payments security and consider whether it will remain a viable standard 10 years from now. A series of upcoming reports will address these topics.
Visa's new plan to help merchants speed checkout times for EMV chip payments sounds good, in theory. But in reality, it isn't likely to have much immediate impact on either speeding EMV adoption or enhancing the user experience.
Will the Fed support the use of cryptocurrency and related blockchain technology to help push the movement to faster payments? Experts at ISMG's Fraud and Data Breach Prevention Summit in San Francisco last week considered the possibilities.
As a result of high-profile breaches, emerging malware threats and increased regulatory scrutiny, CISOs at financial institutions are under more pressure than ever to develop innovative strategies for enhancing cybersecurity. And the CISO's evolving role will be a hot topic at RSA Conference 2016.
New details emerging about a breach involving a former Morgan Stanley employee illustrate how a case of inappropriate access to data can blossom into something much more serious. The case shines a spotlight on the urgent need to mitigate insider threats.
Bob Carr, CEO of Heartland Payment Systems, contends that not enough progress has been made in improving payments security in the seven years since the processor experienced a massive breach. Find out why he argues that retailers and processors still have much more to do.
An alert issued - and then yanked - by the FBI about fraud vulnerabilities linked to EMV chip cards is reigniting the debate between bankers and retailers over whether EMV in the U.S. should be chip-and-PIN or chip-and-signature.
With so much stolen PII available to fraudsters, it's time for banks and others to move to more sophisticated forms of authentication of customers' identities. Knowledge-based authentication is no longer reliable.
In the wake of the breaches suffered by JPMorgan Chase, Sony and Anthem, attack attribution and information sharing are playing more prominent roles for banking leaders, and they will be key discussion points at the upcoming RSA Conference 2015 in San Francisco.
An upcoming series of summits on fighting financial fraud and mitigating advanced persistent threats will provide timely insights from industry thought leaders on the critical steps to take to address emerging risks.
A Twitter chat featuring Gartner's Avivah Litan offered a lively discussion of numerous fraud-related issues, including card breaches, weak authentication and the need for mobile scrutiny. We'll host more chats soon.