SWIFT's Gottfried Leibbrandt says conflicting regulatory mandates could further fragment the international payments market, if banks and governments don't align their strategies. Communication among governments, regulators and global financial institutions is critical.
India's data protection standards are already strong. But to be truly secure and world-class, then organizations must protect themselves above those standards, says Dr. Kamlesh Bajaj, CEO of the Data Security Council of India.
Experts say card issuers picked up on the Michaels card breach by employing strong transaction monitoring and behavioral analytics, proving that cross-channel detection tools are the best ways to curb growing card-fraud schemes.
Payment card fraud is a reality the industry is learning to deal with, through stronger analytical tools and transaction monitoring, financial experts says.
Michaels Stores Inc. says POS PIN pads at nearly 90 stores in 20 states were tampered with, exposing debit and credit cardholders to fraud. Now the chain says it is replacing PIN pads at the majority of its 964 U.S. stores.
A new (ISC)2 information security workforce survey projects the doubling of federal government IT security staffs from 27,000 employees today to more than 61,000 by 2015. What's behind this growth?
Widely publicized reports aren't giving the full picture of an (ISC)2 survey that projects the doubling of the federal government IT security workforce by 2015.
Police and the U.S. Secret Service are now investigating a series of fraud incidents involving Chicago-area customers of the Michaels craft store chain, which appears to be another victim of POS device tampering.
Bankers aren't waiting for the FFIEC to act on the release of its updated online authentication. Instead, they've already begun to comply with the major points recommended in the draft. And the death of Osama bin Laden has heightened concerns terrorists' efforts to launder money through legitimate banking channels.
Two South Florida companies entered guilty pleas this week in a case involving a scheme that authorities said resulted in the payment of more than $80 million in fraudulent Medicare claims.
One of the most significant conferences of the year devoted to healthcare information security issues will be held next week in Washington, and we'll be providing full coverage.
The so-called POS "swap" attack is rare, but effective, not only against mag-stripe cards but chip-based cards as well. The same mode of attack was used against Hancock Fabrics, leading to card fraud that affected more than 140 customers.
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