Distributed-denial-of-service attacks on banks are more powerful than ever, but we hear less about them than we did three years ago. How have attackers changed their tactics, and why should we be even more concerned about their strikes?
While sophisticated cyberattacks and high-profile mega-breaches get most of the attention, European fraud experts say less sophisticated attacks are far more common and pose a greater fraud risk. At ISMG's Fraud Summit in London, they called for global collaboration to fight fraud.
By 2018, Javelin predicts that new account fraud and account takeover will eclipse present worries about POS attacks and retail breaches. Why breached PII should be our biggest worry.
A new breach reported by Heartland Payment Systems won't get much attention. But this incident could be more damaging to the undisclosed number of consumers affected than was Heartland's 2008 payment card breach.
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.
In the wake of the breaches suffered by JPMorgan Chase, Sony and Anthem, attack attribution and information sharing are playing more prominent roles for banking leaders, and they will be key discussion points at the upcoming RSA Conference 2015 in San Francisco.
Businesses targeted by ransomware attacks are increasingly willing to negotiate with - and even pay - their extortionists. But negotiating with cyberthieves is never a good idea.
A recent blog about payments security generated a spirited debate about the current state of merchant security, why card breaches continue to be an issue and EMV's impact on fraud.
An upcoming series of summits on fighting financial fraud and mitigating advanced persistent threats will provide timely insights from industry thought leaders on the critical steps to take to address emerging risks.
An important lesson to learn from the massive JPMorgan Chase breach is that banks can't just focus on protecting card data and online banking accounts; they also must protect their customers' personally identifiable information.
A Twitter chat featuring Gartner's Avivah Litan offered a lively discussion of numerous fraud-related issues, including card breaches, weak authentication and the need for mobile scrutiny. We'll host more chats soon.
Third-party risks and the Fed's plans for emerging payments will be highlighted at ISMG's Fraud Summit Chicago on May 14. How banking institutions and retailers are expected to respond to new risks posed by external parties will be a focus for our keynote panel.
Recent retail breaches have exposed security vulnerabilities, highlighting the importance of shifting to much stronger user authentication as well as verification of the authenticity of transactions.
Bankers and retailers are hotly debating who should be liable for losses and expenses associated with the breach at Target. See how our readers weighed in on the issues involved.
RSA 2014 will offer many insights on how banking institutions can address a wide variety of security threats. Here's a guide to educational opportunities.
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