Five best practices noted in version 3.0 of the PCI Data Security Standard will become requirements after June 30, with remote access and third-party risks the key focus - particularly for smaller merchants.
It's no surprise that virus-wielding hackers are exploiting Internet of Things devices. Blame too many device manufacturers rushing products to market, skimping on secure development practices and failing to audit the third-party code they use.
This year's Infosecurity Europe conference in London is offering a top-notch range of sessions, ranging from how to battle cybercrime and social engineering to building a better security culture and workforce. Here's my list of must-see sessions.
MasterCard's breach settlement with Target has been derailed after not enough card issuers agreed to the terms. Now MasterCard is expected to attempt to renegotiate, while banks continue with a class-action lawsuit against the retailer.
Visa has agreed to increase the reimbursement paid to banking institutions that must reissue cards in the wake of a merchant breach. Now the smaller card issuers, such as community banks, are getting paid the most.
A judge's decision to allow MasterCard's settlement with Target to stand isn't likely to be appealed and could discourage banking institutions, some experts say, from continuing to pursue a breach-related class-action lawsuit they filed against the retailer.
The latest victim of malware attacks against point-of-sale system vendor NEXTEP is foodservice management company Compass Group, which says payment card data for up to 70,000 users of self-service kiosks was exposed.
Romanian authorities' detention this week of 25 suspects believed to be part of an international cybercrime ring could be linked to a $45 million ATM cash-out scheme dating back to December 2012, security experts say.
As the U.S. completes its payments migration to the EMV chip, merchants and card issuers should be bracing for an uptick in card-not-present fraud, says Carol Alexander, head of payment security at software provider CA Technologies.
A class-action suit filed by U.S. banks and credit unions that's pending against Target could prove fruitful for the banks and credit unions, says attorney Chris Pierson, chief security officer at invoicing and payments provider Viewpost.
Fraud risks associated with Apple Pay have raised new worries about mobile payments, says Steve Kenneally of the American Bankers Association. During the ABA's Risk Management Forum April 15-17, experts compared three mobile solutions.