Data security

Readers sound off an attempt to block prepaid regulations, threats to consumer privacy, FSOC’s political bent, the proper use for SARs, and more.

Attacks on ATMs and point-of-sale machines are getting more sophisticated and frequent. Crooks are trying to get as much use as they can out of their skimming devices before the migration to chip cards is complete.

Unlike other “suspicious activity report” categories, a new proposal to add a “cyberevent” category would require institutions to detect and report digital mischief whether directed at a customer’s account or the bank itself.

There are several steps necessary to contain, assess and report an incident that should precede further action.

Bottomline Technologies, which specializes in business payments, is the latest to introduce a fraud-fighting solution for members of the Swift payment network.

Bank earns $75 million for saving Bass Pro Shops's acquisition of rival outdoor retailer; Trump to name Randal Quarles as Fed's vice chairman for bank supervision.

Leaked documents appear to show NSA analysts were able to hack into Middle Eastern banks’ servers through the Swift service bureau EastNets. The same tools could conceivably be used by cybercriminals and nation-states with more sinister motives.

Hacker group Shadow Brokers says U.S. intel agency compromised parts of the global banking system; bank's directors gear up for tough election at annual meeting.

EMV is strictly an anti-counterfeiting measure that leaves several elements of the payment process untouched, and fraudsters are exploiting these gaps.

The threats are evolving, but CUs' prevention efforts aren't evolving at the same pace.

Readers weigh in on a notable OCC personnel change, the Scottrade breach, the ability of corporate owners to still be anonymous and more.

Final is a combination of a virtual and plastic card that brings an 'as-a-service' model to card issuance.

The speed of the crooks and the threat to retailers and customer data is more than enough reason to get aggressive with new identity protections.

Directors take back $75 million more from two former executives and release scathing report on bank's fake accounts scandal; UBS executive sees decade-long wait for transformation.

Given the spike in online fraud that accompanies the chip card migration, there are a lot of new authentication methods. Most of them still rely on information that's not dymanic and vulnerable.

Private information about consumer and business accounts was exposed. The bank immediately cited vendor error.

Speakers at PSCU's 2017 Member Forum offered insights on a host of issues related to payments, cybersecurity, leadership and more.

Merchants are concerned emerging technology can't keep up with the growing online fraud threat. But there are some steps that can increase security.

Financial services was the top industry targeted by malware in 2016, so banks need to be strategic in building their defenses against attacks.

The battle over screen scraping seems to be subsiding into a series of agreements between banks and fintechs using open APIs.