Data security

Directors and senior executives have a duty to inculcate risk culture into banks so that everyone works as a team to contain cyber and other risks, including the human vulnerabilities within.

The Office of the Comptroller of the Currency's recent guidance on internal messaging software could impose significant hardships on banks and runs contrary to prevailing guidance on cybersecurity.

The industry-led EMV Migration Forum is changing its name and expanding its focus to accommodate the myriad changes that are happening alongside the move to chip cards.

As part of an organization that's waged a four-year campaign against passwords, Brett McDowell envisions wearable technology as the nail in the coffin of antiquated security.

Though an extremely effective solution to a very specific problem, tokenization is more of a single piece of the security puzzle than the end-all of stopping data theft and credit card fraud.

Bank chief information security officers are increasing cybersecurity spending and focusing on mobile banking defense and regulators' cyber concerns, a SourceMedia Research survey finds.

An identity protection startup called Civic wants to tackle data breaches by giving consumers control over who uses their information.

Scrambling to stop hackers from making away with stolen funds, the community involved in the cryptocurrency experiment Ethereum has voted to implement a major software change that would thwart the thieves and help the blockchain regain momentum.

Earlier this year, the Federal Deposit Insurance Corp. (FDIC) narrowly avoided disaster when sensitive information for 44,000 agency customers was stored without proper security measures…on a personal storage device.

Using methods akin to fighting external hacking can also address risks of employees committing legal or ethical lapses.

Lawmakers investigating a slate of cybersecurity breaches at the Federal Deposit Insurance Corp. have accused agency staff of purposefully muddying the waters in an effort to evade Congressional scrutiny.

As financial institutions dive into the newest channels to reach consumers and accept payments in every moment of their lives, they enter riskier scenarios that create a greater need for multi-factor authentication.

For three years, the Fast Identity Online Alliance has focused on replacing static passwords through stronger device authentication technology, with a long-term goal of translating those advancements into payment security as well.

Nearly half of U.S. consumers say they have been hit by credit card fraud within the last five years, and those breaches are becoming more commonplace, according to a survey released Tuesday.

Offering a new product or considering a merger may boost returns, but the Office of the Comptroller of the Currency says changes in strategy can be risky.

Big banks were seen as winners in the Trans-Pacific Partnership, but their support for the pact is in question as a result of their treatment in a data-related provision.

Wendy’s Co., which reported a payment-card hack earlier this year, said that the breach affected about 18 percent of its U.S. locations.

It seems we cannot go a week without news of a malware attack of some kind, be it ransomware, stolen credit card information or other security breaches. The increasing trend is that not only are organizations and enterprises affected, but also regular consumers.

The feature allows users to request cryptographic signatures by more than one user – a device or institution – to validate a transaction. The idea is that bad or malicious actors would have to breach multiple machines to transact on one user's behalf, Ripple said in a blog post.

When surveyed, consumers will say security is far more important than convenience when making a payment — until they reach the checkout. Then convenience feels pretty good.