Data security

A broad range of industry players are panning an October proposal by bank regulators that would impose new cybersecurity requirements on big banks, arguing it will only slow them down.

Third party technology development from APIs and real-time digital payments are expanding, creating a new area of security risk.

USAA has granted development rights to some of its patented security technologies to Persistent Systems to create authentication and security-related products.

Firms including Betterment, Coinbase and TransferWise have told customers that despite a bug affecting the content delivery network Cloudflare, their data is safe.

Trustonic aims to monetize its services by supporting authentication methods such as biometrics, and managing tokens for high-value transactions,

Screen scraping has plenty of critics, but the alternatives, OAuth and APIs, have their share of detractors, too.

Most new payments and financial services innovation isn't tied to the actual payment, making hosted and cloud solutions a good fit for right sizing resources.

Instead of sitting around waiting for the next cyberattack, banks are trying to get a little ahead — without breaking the law.

Virtual credit cards are gaining popularity as a one-time-use security method, but payments through these digital cards are expensive for accounts receivable departments to manage.

Marketplace lenders have set themselves apart from banks by moving faster, but lending fraud might force them to revamp their authentication processes.

Banks are woefully unprepared to face potential cybersecurity threats stemming from third-party technology providers, according to a report issued Wednesday by the Federal Deposit Insurance Corp.’s independent watchdog.

Marketplace lenders have set themselves apart from banks by moving faster, but lending fraud might force them to revamp their authentication processes.

The attack goes after the social network customer service channels for issuers and other financial services, and is hard for consumers to spot.

Hotels and other hospitality businesses need to adopt new security technology methods such as biometrics to stay ahead of the crooks.

In the years ahead, banks will have to fend off better organized and increasingly advanced cybercrime rings. "We're seeing levels of sophistication that we haven't seen before," says Pat Phelan, senior vice president of identity at TransUnion.

Some execs have plenty to be sour about, but others are emphasizing the possibilities amid today's economic and political realities. Their contrasting mindsets were on full display at a Credit Suisse conference this week.

The password management company was an early supporter of the alliance's standards, and is now joining the organization as it seeks to reduce use of static authentication.

Malicious software may have been installed on the restaurant’s payment card systems in October.

Mobile is taking the spotlight as fraudsters shift to account takeovers and e-commerce fraud in the wake of EMV chip cards taking hold at the physical point of sale.

Consumers still primarily use cards and shop at brick and mortar retailers. Merchants need to take that into consideration when forming a technology strategy.