Losses linked to retail breaches have fueled class action lawsuits on behalf of consumers. But Javelin's Al Pascual says banks are soon likely to take legal action, too, in breach cases that expose cards and lead to fraud.
New payments technology, such as mobile and emerging e-commerce transactions, is posing challenges for PCI compliance, says the Standards Council's Jeremy King. What are the greatest risks to card security?
So-called patent trolling is getting attention from banking leaders and the White House. As patent attorney James Denaro points out: "Essentially every single financial institution is at risk of being accused of infringement."
Financial fraud expert Joe Rogalski explains why card issuers are ultimately responsible for losses linked to ATM cash-out schemes, like the $45 million worldwide cyberheist that made headlines last month.
In this exclusive interview, Tim Horton of First Data explains how the nation's largest credit card processor is helping financial institutions and merchants mitigate risks posed by malware and DDoS attacks.
As the Payment Card Industry Security Standards Council prepares to update the PCI Data Security Standard, malware attacks aimed at payments networks are garnering attention, says the council's Jeremy King.
Payment data and personal information are both attractive targets for criminals, says breach investigator Erin Nealy Cox of forensics firm Stroz Friedberg. Learn why she says card data isn't the only lucrative target.
Schnucks, a grocery chain that last month revealed it suffered a POS network attack, now says millions of payment cards were likely exposed. How many stores were affected, and was Schnucks PCI compliant?
Organizations outsourcing card data management to the cloud face significant security risks. How should they prioritize risks when reviewing cloud-vendor solutions? The PCI Council's Bob Russo offers insight.