Prasanna Lohar, head of technology at DCB Bank, describes how 20 banks in India are working together to identify the best ways to leverage blockchain technology to help fight fraud and improve services, such as customer onboarding.
Global hotel chain Hilton has reached a $700,000 settlement agreement with New York and Vermont over two separate data breaches discovered in 2015 that exposed more than 360,000 payment card numbers.
The United Kingdom might be greater than the sum of its parts. But when it came to the WannaCry outbreak, some parts of the United Kingdom did less great than others. Here's how the governments and health boards of Scotland, Northern Ireland and Wales are responding.
The Reserve Bank of India is now requiring all banks, including scheduled commercial banks, small finance and payment banks, to limit consumers' liability for fraudulent credit and debit card transactions. As a result, CISOs must ramp up their fraud prevention efforts to help limit banks' losses.
For the second time in two years, Hyatt Hotels suffered a payment card data breach after attackers infected payment card processing systems with malware. The latest breach lasted for over three months and affected 41 Hyatt hotels across 11 countries.
Equifax ex-CEO Richard Smith asserts that a single employee's failure to heed a security alert led to the company failing to install a patch on a critical system, which was subsequently exploited by hackers. But his claim calls into question whether poor patch practices and management failures were the norm.
Upscale supermarket chain Whole Foods Market says it's investigating a payment card breach affecting dozens of taprooms and an unspecific number of restaurants located inside its stores. But it says no point-of-sale systems at checkout lanes were compromised.
Fast-food chain Sonic Drive-In is investigating a potential breach involving customers' payment card data. Its alert follows a large, potentially related batch of stolen card data appearing for sale on a cybercrime "carder" marketplace called "Joker's Stash."
It's the age of "open banking," and that means changes for banking institutions and their customers - as well as for the fraudsters. Shaked Vax of IBM Security Trusteer talks about new vulnerabilities and anti-fraud strategies.
For the internet of things to become a business enabler in India, security considerations must be adequately addressed. So regulators have mandated that organizations take appropriate security steps.
Dharshan Shanthamurthy, CEO of SISA Information Security Worldwide, discusses new ways of assessing the risks involved in online and mobile payments to help reduce fraud.
Summit Credit Union of Wisconsin is seeking class-action status for a lawsuit against credit bureau Equifax. The credit union contends it will have to bear the fraud costs resulting from Equifax exposing a massive amount of U.S. consumer data in one of the worst data breaches ever seen.
If the Equifax breach turns out like every other massive data breach we've seen for more than a decade, after a big brouhaha - from Congress, state attorneys general, consumer rights groups and class-action lawsuits - nothing will change, because that would require Congress to give Americans more privacy rights.
A 10-digit PIN used by consumers to freeze access to credit reports with Equifax is based on dates and times, several observers have noticed. Equifax says it plans to change how the PIN is generated, but experts say it's another troubling development for a troubled company.
Increased digitisation and adoption of digital banking channels have led to a sharp increase in incidents of mobile fraud, enhancing the challenges for the CISOs in securing these transactions, says Subhash Subramaniam, CISO of ICICI Bank.
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