The White House Summit on Cybersecurity and Consumer Protection late last week served as the stage for more than a dozen companies and trade groups to announce new initiatives aimed at securing Internet transactions and payments and reducing fraud.
Breaches can happen even when there are strong protections in place. But healthcare organizations can do more to prepare for breaches and respond in the best possible way to protect patient information.
The Federal Reserve on Jan. 26 revealed its roadmap for an overhaul of the U.S. payments system, which includes plans for faster settlement and a focus on improving payments security to reduce fraud.
As a result of President Obama's "Buy Secure" initiative, the federal government this month is kicking off its chip-and-PIN rollout. Fraud experts now debate what impact the move will have on banks' EMV chip-card strategies.
In the aftermath of a payment card breach, as fraudsters race to exploit the stolen information, card issuers and affected customers take steps to mitigate risks. Here's a look at the lifecycle of a payment card breach from three perspectives.
The U.S. likely won't complete its implementation of EMV for many years to come, despite the October 2015 liability shift date for counterfeit card fraud, many forecasters say. And until it's fully deployed, EMV will have little impact on fraud.
The U.S. migration from magnetic-stripe payment cards to EMV-compliant cards is in full swing, thanks in part to massive breaches at retailers. This infographic offers a timeline of progress in implementing this new technology.
A sophisticated hacking group in Eastern Europe with ties to banking Trojans like Carberp has now been linked to attacks waged against 16 U.S. retailers. Could U.S. banks be the next big targets?
Office supply retailer Staples says nearly 1.2 million payment cards were compromised in a malware attack that was confirmed back in mid-November. Find out how many stores were affected.
Financial transactions on smart phones require layered security that helps outsmart cyberthieves, says Alan Dabbiere, chairman of AirWatch, who describes today's mobile challenges.
Who hacked Sony? Not us, say the North Koreans, ending days of silence. As Deloitte becomes the latest victim of the G.O.P. gang that's claimed credit, one thing is certain: Sony won't have to buy the movie rights to this hacking story.
Barring a catastrophic cyberattack in the next few days to motivate legislators to act, don't expect lawmakers to vote on any cybersecurity bill for the remainder of the current Congress.
Retailers cannot avoid innovation. Yet, cybercriminals thrive when retailers innovate. What, then, can retailers do to stop cybercriminals from breaching their defenses? Here are three key questions to answer.
Staples has confirmed that its retail point-of-sale systems were compromised earlier this year by malware-wielding attackers. Learn what two card issuers say about fraud tied to the breach.
The stiff sentence of a cybercriminal for his role in an Internet-based scheme that trafficked in hacked payment card sends a strong message about the serious nature of ID theft. But experts say more tough sentences are needed to deter fraudsters.
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