The breach of a card loyalty marketing company has reignited discussions about the roles banking institutions, regulators and others play when it comes to mitigating third-party risks. Where should the buck stop?
A new set of patent infringement suits is targeting payment card networks, payment processors and e-commerce sites. Meanwhile, the American Bankers Association has endorsed pending federal legislation designed to help curb these legal actions.
New payment card security standards issued by the PCI Council include a number of improvements, plus some glaring omissions, such as requirements for mobile, security experts say. What are their chief concerns?
New requirements to mitigate payment card risks posed by third parties, such as cloud providers and payment processors, are a focal point of the PCI Security Standards Council's updated data security standard.
Banking executives were among the CEOs who met with President Obama at the White House to discuss cybersecurity strategies. Paul Smocer of BITS explains how this discussion may pay off for financial institutions.
Senior leaders in business and government are buying in to the need for more cybersecurity investments as well as threat-intelligence sharing, new research shows. But why are they still struggling to hire the right security pros?
Organizations must develop a "defensible response" to data breaches and fraud incidents because of the likelihood of a regulatory investigation or legal action, says attorney Kim Peretti, a former Department of Justice cybercrime prosecutor.
A $400,000 settlement in a case against a community bank in North Carolina for violations of the Bank Secrecy Act should serve as a reminder that anti-money-laundering woes are not just a big-bank issue, experts say.
Our inaugural Fraud Summit on Oct. 22 at the Meadowlands in New Jersey will feature an impressive lineup of information security leaders offering timely insights about practical risk mitigation strategies.