Data security

Visa is expanding its Visa Token Service commercially with 20 acquirer/gateway partners it feels can immediately add scale for using interoperable Visa tokens in addition to the partners' own as credential-on-file token requestors.

Cloud technology can be a boon for credit unions, but it also creates regulatory headaches and opportunities for cybercriminals.

Consumers were scaling back Facebook usage even before last month's news of a massive data breach at the social network, leading some credit unions to question how they use the site.

In hundreds of cases, the prepaid card program run by the bank allegedly sent users’ funds to fraudsters who had stolen their data. The security lapse has now caught the attention of the Democratic senator.

To remain competitive, retailers must always have one eye on the future. Mobile wallets offer a strategic platform for retailers to harness and promote emerging payment models, writes Julian Wallis, retail director at Rambus.

The Federal Reserve System is trying to be proactive in these and other high-profile areas, offering educational materials and coaching to bank execs and directors, according to supervision officials at the St. Louis and Richmond Fed banks.

A California man who says he unwittingly helped Russia conduct a disinformation campaign on social media before the 2016 U.S. presidential election has been sentenced to six months in prison and another six months of home confinement.

For bankers and network providers, it’s a given that moving to a real-time payment system like Zelle will lead to an increase in fraud attempts. Here's a look at the ways they're fighting back.

The cryptocurrency boom has encouraged attackers to expand their focus from other methods such as utilizing malware to steal data and impose ransoms or launching a disruptive DDoS attack, to employing tools and techniques to gain access to the computing power of enterprises to generate cryptocurrency payouts, writes Carolyn Crandall, chief deception officer at Attivo Networks.

It's difficult to predict exactly what might be the next threat to the financial system. Here's a roundup of some prime suspects.

Members can play an integral role in helping credit unions fight fraud, but only if they have the right training.

Collaboration between banks and fintechs still lags, hurting security initiatives such as an authentication hub.

Analysts are split on whether cyber threats have evolved enough for lawmakers to finally grant the National Credit Union Administration third-party vendor oversight.

In monitoring the patterns of a North Korean cyberattack organization that has stolen more than $1.1 billion from global financial institutions since 2014, security firm FireEye says these hackers are still at work in targeting a bank's access to the Swift messaging network.

Cryptocurrency platforms need to take precautions as the number of security incidents seems to be increasing, writes Gaurav Banga, founder and CEO of Balbix.

JPMorgan Chase's Jamie Dimon downplayed "too big to fail," warned against the risk of cyberattacks and lectured high-tech giants about their privacy shortcomings during an appearance in Washington.

Banks’ tab to fight hackers rose 9% from last year by one measure. Investors want them to rein in tech investments, but security experts say the crooks are getting smarter and smarter.

The cost of fighting fraud at financial institutions is up nearly 10 percent from last year. That means credit unions face significant challenges in being ready for the next threat.

Collaboration is a critical part of how we prevent cyberattacks from turning into breaches that put consumer payment card data at risk, writes Lance Johnson, executive director of PCI SSC.

Visa is pursuing the online criminals to prevent future fraud. Visa also works with law enforcement agencies to quantify potential losses and, where possible, assist in the threat mitigation.