Fraudsters continue to make inroads against financial institutions based in the United Kingdom - and beyond - because banks aren't working together to share information about the attacks they see, according to presenters at the London Fraud Summit.
The new Apple Pay mobile payment system isn't going to kill credit cards. But when it launches next month in the United States, the system could help improve payment security. Learn how Apple Pay works.
What's the toughest challenge the U.S. faces when it comes to EMV? Randy Vanderhoof of the EMV Migration Forum points to getting POS software and terminals certified for EMV transactions. Find out what other hurdles he identifies.
While the new Apple Pay system is slated to debut next month in the United States, payment card brands say the system eventually will expand to some of the other 66 countries that already accept contactless payments.
Helping merchants deal with the growing threat of POS malware is one of the biggest challenges facing Troy Leach, CTO of the PCI Security Standards Council, who says the BlackPOS malware threat, in particular, "is keeping me up at night."
The PCI Security Standards Council has released an update to its guidance for merchants on protecting against card skimming attacks in POS environments that spells out best practices for addressing the latest attack scenarios.
Apple has announced a new payment feature known as Apple Pay for its latest iPhones that uses NFC technology to conduct transactions. Security and payment experts say the move eventually could help improve payment security.
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.
The Office of the Comptroller of the Currency has released revised guidance about what banking institutions should do to address risks associated with merchant processing. It's the latest call to action from regulators in the wake of card breaches.
More than 1,000 U.S. businesses have likely been infected by Backoff, a new point-of-sale malware linked to numerous remote-access attacks, according to an Aug. 22 advisory from the Department of Homeland Security.