"What's interesting is that the criminals are now using cryptographic technology to protect the card information they steal, and that's posing challenges for detection and law enforcement," says Jeremy King of the PCI Security Standards Council.
"As more channels connect to ACH, it will become the preferred route for banks to process transactions," says Steve Kenneally of the American Bankers Association.
Understanding the contact versus contactless variables for an implementation of EMV in U.S. is the first step, says Smart Card Alliance's executive director.
"This seems to have been possible by the lack of a secure online banking environment provided by our former bank," says Jim Payne, Choice Escrow's manager of business development.
No one knows risk better than the internal auditor, and so no individual has a better opportunity to add risk management value to organizations, says Richard Chambers, president of the Institute of Internal Auditors.
Invisible to many is the fact that check fraud is growing despite decreasing item volume. Accounting for more than half of the $2 billion in deposit account fraud losses that U.S. banks suffered in 2008, check fraud presents a relatively easy attack vector for increasingly sophisticated and well organized...
When financial institutions and businesses store Social Security numbers in databases, they run the risk of exposing their customers to insider threats.
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