The emergence of contactless chip payments on mobile phones is changing the way transactions are authenticated and secured, Jeremy King of the PCI Security Standards Council explains in this audio interview.
Following the government's recent demonetisation initiative, the RBI has announced removal of its two-factor authentication requirement for low-value card-not-present transactions. But some critics fear the move, designed as a catalyst for cashless transactions, could lead to an increase in fraud.
In an in-depth audio interview, Troy Leach of the PCI Security Standards Council describes just-released guidance that's designed to help organizations simplify network segmentation, a practice the council strongly recommends to help protect payment card data.
Why are ATMs a top target for fraudsters? In an interview, Shirley Inscoe, a financial fraud expert and analyst at Aite Group, offers insights based on a new study and predicts the surge in skimming will continue next year.
Cybercriminals broke into the payment card processing system used by the Madison Square Garden Co., owner of Radio City Music Hall and other iconic entertainment venues, harvesting payment card details for nearly a year.
So, if 2016 was the year when mobile security threats finally started to materialize and mature, what can we expect to see in 2017? Tom Wills of Ontrack Advisory shares insight on the mobility threatscape and new enterprise solutions.
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.
A group that hacked the Democratic National Committee - believed to be operating from Russia - has resumed its spear-phishing attacks, including fake emails bearing the names of Harvard University and the Clinton Foundation.
President-elect Donald Trump will review the nation's cyber vulnerabilities at the start of his presidency, just like Barrack Obama did. But Trump hasn't demonstrated the deep understanding of cyber that Obama did when he took office nearly eight years ago.
U.K. Chancellor Philip Hammond used the launch of Britain's new five-year National Cyber Security Strategy to trumpet the country's strike-back capabilities. But other parts of the strategy - including more automated defenses - hold much greater promise.
Will the advent of faster payments in the U.S. open new doors for fraud? Business continuity and security are priorities for the Federal Reserve, says Marianne Crowe of the Boston Fed. But independent consultant Richard Party begs the question: Is the U.S. really ready?
After 10 days of Microsoft not issuing an advisory or fix for a zero-day flaw found by Google that's being actively exploited in the wild, Google publicly revealed details of the flaw. But Microsoft says that puts its users at further risk.
Some 3.2 million Indian debit cards may have been compromised, according to the National Payments Council of India. While investigations are ongoing and several banks have reissued at-risk cards, the source of the card exposure has not been officially confirmed.
As U.S. ATM operators face MasterCard's Oct. 21 EMV liability shift deadline, a surge in explosive attacks against European ATMs is a reminder that anti-fraud features won't block all money machine crime.