Analytics

Financial institutions claiming exposure to Target's 2013 data breach are one step closer to collecting a $39 million settlement.

Every business runs the risk of fraud, but some are more likely to be targeted than others. The customers you court, the products you sell and even the amount of time you have been in business can make you more vulnerable to an attack or more appealing to a cyber criminal.

Transaction laundering is an increasingly popular scam, in which cyber-criminals hijack the legitimate payment process to sell all manner of illicit goods and services online.

Mitek Systems took advantage of the rise of smartphones by enabling remote deposit capture and identity verification on mobile devices. But that created a gap with laptops and desktop machines that Mitek is trying to address with an extra integration.

After hackers penetrated a second bank and accessed the Swift messaging system to steal money, it is clear that more needs to be done to thwart such attacks.

Swift, the inter-bank messaging system embroiled in one of the largest cyber heists in history, warned customers that hackers have struck again, attacking a commercial bank client that it didn’t name.

We all know bitcoin as an edgy and anonymous cryptocurrency. It provokes strong opinions. Department of Justice officials reference it in connection with real-life crimes, just as made-up bad guys reference it in movies.

When a breach of the world's major e-mail service providers was reported last week, it drove home the fact that a single stolen password can put numerous accounts in danger.

Unless the U.S. card business is able to offer merchants scaleable solutions that are cheaper and quicker to implement, there is a serious risk of full EMV migration taking several years to complete.

Walmart and Visa have had a long and volatile relationship, and the retailer's latest lawsuit against the global card brand gives voice to a struggle that many other companies are too small to fight.

Officials from the Federal Reserve Bank of New York, Bangladesh Bank and the payments network Swift vowed Tuesday to catch the thieves who took $81 million out of the Bangladesh central bank's account at the New York Fed.

Wal-Mart Stores Inc. sued Visa Inc.’s U.S. unit, saying the company wants the retailer to use a less-secure method for verifying debit cards in order to route transactions through its own networks.

ACH Alert has been providing fraud protection for Automated Clearing House, debit and wire transactions at banks for more than six years, but it's probably never been in a better position to draw attention to its real-time process.

Six months after the credit card fraud liability shift, merchants who have not implemented chip card technology are complaining about a larger number of chargebacks than they expected. But there are steps that can stem the tide.

Corezoid is courting the U.S. banking industry with a cloud-based solution its founder developed while working at a Ukraine bank.

Square's practice of using its merchant transaction data for risk analysis may seem innovative, but other other agile specialists—including Intuit—are finding ways to use new data streams to limit risk and deliver funds to borrowers.

Counterfeit card fraud is finally on the way down as EMV creeps into the U.S. marketplace, but card not present (CNP) fraud through online channels is skyrocketing. It's too soon, however, to blame the EMV shift.

Multifactor authentication is high on the list of payment security requirements, including new standards from PCI. For any company on the fence on adding stronger authentication, there's plenty of examples of what can go wrong with basic identity management.

Fueled in part by an increase in phishing attacks with malware attachments in the past year, fraudsters took only minutes to compromise a network in 93% of breach incidents, according to Verizon's 2016 data breach investigations report.

A recent spate of cyber-attacks leveraging POS (Point-of-Sale) malware against big retailers is drawing attention to a relatively new malware strain called "multigrain."