When breaches result from retailers' lax security practices, merchants should be obligated to help banking institutions cover fraud losses and other post-breach expenses, says Viveca Ware of the Independent Community Bankers of America.
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.
Expanded with more educational tracks and sessions on emerging hot topics, the 2014 edition of the RSA Conference will be the largest ever, says Hugh Thompson, program committee chair.
Several payment system experts testifying at a Senate hearing on Feb. 3 urged the adoption of chip card technology in the wake of breaches at Target Corp. and Neiman Marcus. But representatives of banking and retailing engaged in some finger-pointing.
Leading this week's industry news roundup, FireEye Inc. announced the rollout of FireEye OS 7.1., an update to the FireEye OS. See additional news from Arbor Networks, HID Global and more.
In one of the first public statements by a major payment card company in the wake of the Target and Neiman Marcus breaches, a MasterCard executive says it is now time for the U.S. to migrate to EMV.
While details surrounding a suspected breach at Michaels remain unclear, two U.S. card issuers say they believe the retailer was targeted by point-of-sale malware similar to what compromised Target and Neiman Marcus.
The primary developer and distributor of SpyEye malware, which steals online banking credentials and credit card information, has pleaded guilty to conspiracy to commit wire and bank fraud.
The takedown of a counterfeit payment card website was enabled by collaboration between the FBI and the United States Postal Inspection Service. Learn why experts say more of this kind of dual-agency work is needed.
U.S. and international law enforcement agents have arrested several individuals for their alleged roles in operating websites that sold customers the compromised passwords to e-mail accounts.
Three men face federal charges for operating a website selling counterfeit payment cards that federal authorities believe was responsible for an estimated $34.5 million in fraud losses.
Luxury retailer Neiman Marcus acknowledges a breach of its payments system dating back to July 2013 may have exposed more than 1 million credit and debit cards.
When did the Neiman Marcus data breach occur? The retailer says it may have begun last July, but banking and fraud experts point to evidence that suggests the breach actually may have occurred a year ago.
How can banking institutions improve their fraud detection and prevention efforts in 2014? Doug Johnson and Jane Yao of the American Bankers Association provide insights based on recent research.
Evidence is mounting that the breaches reported by Target and Neiman Marcus are part of a wider assault against U.S. retailers. Meanwhile, payment card-issuing institutions say they're taking proactive steps to keep fraud at bay.
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