Do banks and credit unions use all the data they collect? One credit reporting bureau says they could be doing more with their data to track and prevent fraud.
From debit and check fraud to ACH and billpay compromises, all financial institutions face similar threats. How should they address those risks? One banking/security leader shares his priorities.
Application security is driving demand for highly skilled consultants. It's a challenging profession, and I've broken out five key skills that will distinguish you in the field.
Are institutions making the right investments in anti-fraud technologies? As they conform to the FFIEC's updated Authentication Guidance, many could miss the mark, warns Aite's Shirley Inscoe.
A month after Microsoft announced its initiative to take down Zeus-related botnets, has it had a major impact? Supporters of Operation B71 say "yes." But how can they be so sure?
How can organizations ensure that their information security staff is mitigating the latest threats? And what truly defines an information security professional? Here are some of the key ingredients.
Too many banks and credit unions are being narrow-minded in their approaches to FFIEC Authentication Guidance conformance, by focusing on commercial accounts and neglecting retail accounts, one ACH fraud attorney says.
New advisories from Visa suggest that payments processor Global Payments Inc. may have been breached in June 2011 - nine months earlier than initially reported.
Payments processor First Data warns about an uptick in trolling - hackers sniffing networks for easy access to merchants' point-of-sale systems. What can banks do to help merchants prevent breaches?
Symantec says Internet vulnerabilities are down, but don't get too comfortable. We can expect more attacks in 2012. Why are the same threats still posing so much concern?
If you handle critical data, you've got to be humble, advises Bob Carr, CEO of breached processor Heartland Payments System. "Anyone that thinks they're not going to be breached is being naïve."
While the industry is working overtime to catch up to new and emerging fraud trends, it has to remain diligent in its efforts to thwart some long-standing schemes, like check fraud.
Even while working to re-establish its own PCI compliance, breached payments processor Global Payments Inc. is helping merchants assess and improve their payment card security.
Gartner fraud expert Avivah Litan shares ideas about how lessons learned from the Global Payments data breach can help security practitioners mitigate card-fraud risks and prevent future incidents.
Banking institutions expect significant increases in fraud-fighting resources in 2012. But in which solutions should they invest? Banking CTO Michael Wyffels has some prioritized suggestions.
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