Although adoption of mobile banking is accelerating, mobile payments have yet to reach a tipping point and security issues need to be addressed, says Marc Warshawsky of Bank of America, a mobile banking pioneer.
Recent data breaches, such as the ones suffered by Target Corp. and Neiman Marcus, may have been detected sooner if retailers had been sharing transactional pattern and behavioral information about their customers, says Mike Braatz of ACI Worldwide.
A retailer should help pay for card re-issuance and other expenses after a breach if the merchant is shown to have had inadequate security in place, says Viveca Ware of the Independent Community Bankers of America.
Congress heard testimony from cybersecurity experts this week about the steps that should be taken to minimize the risk of breaches of the payments system. Learn what Troy Leach of the PCI Council and others had to say.
Las Vegas Sands Corp. is investigating a breach that exposed information, including Social Security numbers and payments information, for patrons and employees at its hotel and casino in Bethlehem, Pa.
In the second full day of RSA 2014, ISMG's editors record exclusive video interviews with Troy Leach of the PCI Council, Adam Sedgewick of NIST and Gartner's Avivah Litan. What insights do these thought-leaders share?
A grand jury's indictment this week of the alleged leader of a $5 million ATM skimming scheme illustrates how collaboration among international authorities is working to more swiftly bring global cybercrime leaders to justice.
In a groundbreaking effort to boost security, HSBC Bank USA is now requiring its retail banking customers to use dual-factor authentication for certain sensitive online banking transactions, says LuAnne Kingston, senior vice president.