Data security

At the Michigan Credit Union League’s annual conference, PayPal CEO Dan Schulman offered an overview of cyberthreats while praising the movement – an industry he considers a partner, rather than a competitor.

Counterfeit card fraud remains a fairly lucrative activity for criminals, mainly because the EMV chip migration the U.S. still has many gaps. As such, there was never a clear spike in card-not-present fraud since the anti-counterfeiting design arrived in the country, according to the card brands.

Given the breach epidemic, it's time for retailers to consider the security of the vendors that sell point of sale systems, according to RiskVision CEO Joe Fantuzzi.

The selling of anonymized customer data may be legal, but it raises ethical questions about the use and protection of that information.

The ransomware attack caused fear across banks, retailers, health care and governments in May. But worse attacks may be on the horizon.

In a partnership designed to protect online customers from attacks, digital security providers ThreatMetrix and Gemalto will provide holistic authentication options to an array of financial services providers.

Researchers continue to prove that they can beat biometrics. However, the authentication method is still far superior to knowledge-based questions so long as banks also deploy other standard security practices.

Some of the biggest risks facing any large bank come from within, such as human error or mischievous traders. Risk management consultant and author Andrew Waxman discusses how cognitive psychology and augmented intelligence offer help.

It's time for credit unions, industry stakeholders and the movement's 107 million members to speak up and tell Congress to get serious about protecting members' data from retailer data breaches.

The group representing large banks argued in a report Friday that overlapping regulations are hurting the industry's efforts to deal with cyberthreats.