Data security

Swift announced Tuesday additional efforts to beef up security on its network, following highly publicized hacks of member banks earlier this year.

Visa Inc. is trying a new gambit offset consumers' irritation with hassles surrounding the messy EMV chip-card migration—it's introducing a winsome young woman to console the masses.

Data breaches aren’t going away. What’s also frustrating for those tasked with protecting data is that poor consumer habits regarding online security aren’t going away, either. Weak passwords shared across all online accounts continue, despite ever-growing threats.

Candi Wolff of Citigroup and Anita Eoloff of Wells Fargo are two of the most powerful banking lobbyists in the nation’s capital, but they don’t think the transformation of their once male-dominated field is done, nor do they think everything about the past should be abandoned.

Yahoo says no bank account or card data has been compromised in its massive data breach. Yet hackers could use their ill-gotten personal information about customers to mess with bank accounts.

Consumers using PayPal to complete an e-commerce transaction on a Lenovo laptop computer will be able to use an embedded fingerprint reader instead of a static password.

Financial services IT teams must think like cybercriminals and develop an offensive approach to security at a time when threats are growing in frequency and sophistication.

The U.S. shift to EMV-chip card security hasn't been smooth. Many companies saw the card networks' Oct. 1, 2015 fraud liability shift date as a starting point rather than a deadline, and even the companies that thought they would be unaffected by the EMV transition found themselves dealing with major headaches.

Bashas' Inc., Arizona's largest independent grocery chain, was certain it was prepared for the October 2015 EMV liability shift. After all, it had begun purchasing terminals for all of its 1,400 checkout lanes a year in advance.

Verified by Visa — which typically functioned as a way to improve security by adding a password to the online payment process — is phasing out the use of static passwords. Visa's plan is a chance to improve the standard for authenticating online commerce.