In many if not most enterprises, the chief information security officer reports to the chief information officer. After all, enterprises cannot function without IT, and security is a support function to safeguard data and systems. Or is it?
Fraudsters are increasingly turning to prepaid cards to move money and perpetrate fraud, says payments fraud expert Tom Wills. Today, prepaid cards are the new money mules, he says.
One of the two banks that filed a class action lawsuit against Target and Trustwave tied to the retailers' data breach last year has dismissed its claims. Three security experts offer an analysis.
Cosmetics supplies retailer Sally Beauty now says more than 25,000 records containing card data may have been illegally accessed and removed from its systems during a recent data breach.
A federal appellate court's ruling last week that reaffirmed the Federal Reserve's structure for debit interchange fees could lead some institutions to make bigger investments in fraud prevention.
A class action lawsuit filed by two banks against Target in the wake of its 2013 breach has an unusual twist: It seeks damages from Target and Trustwave, allegedly the retailer's qualified security assessor. Experts offer an analysis.
As the California Department of Motor Vehicles continues its investigation into a possible breach of its online payments processing system, financial services industry sources explain why a link to recent retailer breaches is unlikely.
Speculation surrounding the cause of the disappearance of Malaysia Airlines Flight 370 hasn't included the possibility of a cyber-attack. But one cybersecurity expert contends hacking an airliner is feasible.
Banking Trojans such as Zeus have gotten much tougher to detect because of new attack techniques, which means intrusions are going undiscovered for longer periods, says Trusteer researcher Etay Maor.
Now that Sally Beauty Holdings Inc. acknowledges that payment card data was exposed during a recent cyber-attack, experts debate whether the incident is linked to earlier retailer breaches.
Umpqua Bank is the latest U.S. banking institution to file a class action lawsuit against Target Corp. But what makes this suit stand out from the crowd of litigants? Two attorneys offer their insights.
As banking institutions expand their payments platforms, channel integration could help not only to ensure a consistent consumer experience but also to streamline security, says Marc West of Fiserv.
Although adoption of mobile banking is accelerating, mobile payments have yet to reach a tipping point and security issues need to be addressed, says Marc Warshawsky of Bank of America, a mobile banking pioneer.
Recent data breaches, such as the ones suffered by Target Corp. and Neiman Marcus, may have been detected sooner if retailers had been sharing transactional pattern and behavioral information about their customers, says Mike Braatz of ACI Worldwide.
A retailer should help pay for card re-issuance and other expenses after a breach if the merchant is shown to have had inadequate security in place, says Viveca Ware of the Independent Community Bankers of America.
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