The only way to put a dent in financial fraud and cybercrime is through aggressive prosecution and tough sentences for the guilty. That's why a sentencing last week in the RBS WorldPay case is disappointing.
Anti-money-laundering experts say Standard Chartered Bank's settlement with a regulator is a wake-up call for banks. Could more state regulators impose penalties for records tied to foreign transactions?
Heartland Payment Systems, which suffered a massive breach in 2009, is working to enhance POS security at the merchant level. What steps is this processor taking, and what role would it like to see card-issuing banks play?
Associated Bank, which has more than 250 locations in three states, is addressing BSA compliance and money-laundering detection at the enterprise level. How could that approach also help the bank improve fraud detection?
Global Payments this week plans to provide updates about the systems breach that it discovered in March. Learn about the details, including the potential financial impact, that the processor plans to share.