Payments processing firm Global Payments Inc. has confirmed its role in a data breach that could prove to be the largest such incident since the Heartland Payment Systems breach.
The Global Payments Inc. breach could be one of the four largest card-related incidents in recent years. Here's a look at three other major payment card breaches.
From 2010: When he first learned of the full magnitude of the Heartland Payment Systems data breach, Heartland CEO Bob Carr had one overriding thought: "Can we survive this?"
The Paul Allen card breach reiterates a concern financial fraud experts have been screaming about for years: Socially-engineered schemes that compromise employees. So, what can institutions do about them?
Payment card fraud remains a top concern for banks and credit unions. And Randy Vanderhoof, executive director of the Smart Card Alliance, says mobility can help address fraud incidents and losses.
Microsoft Corp. says it led a team that has successfully disrupted command and control servers used to run some of the world's most damaging variations of botnets proliferating the Zeus malware.
EMV is coming to the U.S., and card brands are now leading the charge. The sooner card issuers, acquirers and merchants initiate EMV migrations, the better, says Stephanie Ericksen of Visa.
What do the latest international fraud arrests prove? "Organized crime isn't running, but they are definitely looking over their shoulders," says Robert Siciliano, a financial security expert.
Customer awareness is important, especially as a fraud detection/prevention tool. Read how one sharp-eyed UPS driver recently helped foil an ATM skimming scam at a bank in New York.
Earlier this month, I had the chance to attend RSA Conference 2012, which always reminds me how fluid our industry is, and how important it is to stay educated and abreast of change.
What emerging security challenges will new mobile devices and platforms pose for banks and credit unions? Brian Pearce and Amy Johnson shed light on Wells Fargo's approach to unique retail and commercial risks.
Increased use of mobile devices and social networking sites is feeding ID theft and fraud. What is the risky behavior that is to blame for the rise in ID fraud? A new study sheds light.
The proliferation of mobile banking raises new security challenges. What emerging risks do banking institutions face as they roll out mobile platforms? Julie McNelley of Aite offers insight.
What skills are needed to be an effective fraud examiner? My short answer is that, as with any discipline, there are certain skills and areas of knowledge one needs to learn to be successful.
Skimming is a problem, but it's not the top card fraud scheme. Which incidents does the U.S. Secret Service see most often striking networks and POS systems? One agent shares his insights.
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