Gartner fraud expert Avivah Litan shares ideas about how lessons learned from the Global Payments data breach can help security practitioners mitigate card-fraud risks and prevent future incidents.
When it comes to the FFIEC Authentication Guidance, Aite analyst Shirley Inscoe fears too many banking institutions are investing only in achieving compliance - not ongoing security.
What security vulnerabilities are exposed by recent skimming attacks at eight Toronto hospitals? Fraud experts say there are lessons to be learned when placing ATMs outside traditional bank locations.
How will Diane Ness and BITS help banks reduce fraud? As the new head of fraud-reduction programs for the technology division of the Financial Services Roundtable, Ness says education and communication about emerging threats will be a priority.
What's the best strategy for communications after a data breach, like the one suffered by Global Payments Inc.? Bob Carr, CEO of Heartland Payment Systems, discusses what to say in the weeks following a breach.
ATM skimming losses are down at European banks. But the low-tech scheme of cash trapping is on the rise. How should banking institutions respond to this latest fraud trend?
Gartner analyst Avivah Litan questions whether the security vulnerabilities that led to a breach that exposed 1.5 million cards may be linked to long-standing security issues at Global Payments.
Is there an ideal message a senior executive can deliver amidst breach response? The recent breach of Global Payments Inc. and the subsequent CEO's response to the incident raise this question.
According to our new survey, more than half of banking institutions expect an increase in fraud-fighting resources this year. But how are they investing those resources? The answers may surprise you.
"Regulation drives spending," says George Tubin of GT Advisors. "You're in a situation where the regulators are telling you, 'You have to do something; you have to make improvements.' Therefore, the bank has to spend some money on technology."
What might the Global Payments breach investigation entail? Dave Ostertag of Verizon's Investigative Response unit describes a forensics investigation - how long it can take and what it might reveal.
With a court decision handed down in Texas, a lingering lawsuit against Heartland Payment Systems and two acquiring banks, KeyBank and Heartland Bank, appears to finally have been put to rest.
Ignorance is not bliss. Two new studies, when viewed together, show that consumers' ignorance of the consequences of their actions coupled with enterprises' unawareness of their computing environment equal unacceptable risk.
The 24-year-old accused hacker linked to the LulzSec breach that targeted Sony has pleaded guilty to the role he played in the SQL injection attack that cost Sony more than $600,000 in damages.
How might the Global Payments breach saga unfold? A look back on the Heartland Payments System incident and investigation offers clues to what could be a rocky road ahead.
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