Data security

Mobile wallets check off several boxes on consumers’ payments wish list: ease, convenience and options.

Institutions should define data "liabilities" and "assets" and represent them in a way that both touts data successes and is transparent about data gaps.

Nok Nok Labs is upgrading its mobile device risk-based authentication software to improve support for biometrics and other alternatives to passwords.

"Artificial Intelligence" as a concept still eludes some financial executives, but for Signifyd the most important thing to understand is it can be a strong weapon in the fight against fraud.

There’s a new hacker group on the rise using banks’ Swift credentials to facilitate their cyberheists.

In an age in which organizations such as Swift are subject to attack, traditional perimeter security defenses are no longer enough to stop attackers from getting into the system and stealing valuable information.

Birthday greetings from Facebook friends are far more dangerous than many consumers realize.

Mastercard has joined PayPal, Square, Stripe and a handful of banks offering “bug bounties” to volunteers willing to comb some of its websites in search of glitches.

For many restaurants that originally put EMV on the back burner because of technical complexities and a lower general risk of counterfeit card fraud, waiting to support chip cards has proven to be the right decision.

3D Secure — commonly implemented as a prompt for an extra password during an e-commerce checkout — was too clunky to appeal to consumers in its original form. But a nearing upgrade could turn 3D secure into a staple of e-commerce by tying it into mobile wallets.

Preventing fraud across multiple purchasing channels is the next major paradigm shift for bank card issuers and merchants.

Bankers already scrambling to comply with a number of different federal cybersecurity standards are raising concerns about a proposal from New York to layer on some additional state rules.

It's time not only to hold banks accountable for their security, but also to provide meaningful regulatory guidance on how to achieve security.

Banks are expected to spend more on technology in the coming year, with the cash earmarked for things like upgrading mobile apps and adding self-service tech in branches.

Online fraud is on the increase, but the good news is emerging technology can protect digital identities.

The Federal Reserve said Tuesday that 19 private-sector proposals are now under review by nearly 500 members of two separate task forces, one of which was established to chart a path toward a faster payment system, and the other focused on payment system security.

Mastercard is introducing Identity Check Mobile, the app that allows customers to verify their identity using a fingerprint scanner or by snapping a selfie, to 12 European markets.

EMV chip cards have delivered on their promise to halt counterfeit fraud at the physical point of sale. But for a technology developed long before the invention of e-commerce, mobile wallets and the word "omnichannel," delivering on its promise still feels like falling short.

Mobile wallets are poised to dramatically change the payments landscape, but what is holding them back from seeing more rapid adoption?

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