Data security

A cybercrime ring that reportedly stole $1 billion from banks around the world last year is back, using different tactics. For one thing, it's more often going after banks' corporate customers, making its activities harder for banks to detect.

The cloud and Internet of Things may excite the payments and technology industries, but they are a source of mounting pressure for in-house data security professionals.

Hardware security modules have long been a staple in payments network security, but increasing transaction flow and coding in the mobile and digital age can create data bottlenecks with current technology.

Since payment fraud involves many different types of activity the best way to identify suspicious patterns is to integrate disparate data sources, and cross check data from multiple angles.

Some say the U.S. payments infrastructure is a prime target for government-sponsored cybercriminals. But the aged and fragmented nature of our infrastructure could, for once, work in its favor.

Some say the U.S. payments infrastructure is a prime target for government-sponsored cybercriminals. But the aged and fragmented nature of our infrastructure could, for once, work in its favor.

The Obama administration announced a new cybersecurity strategy on Tuesday, calling for a 35% increase in funding to bolster private and public defenses and the creation of a new chief information security officer position for the government.

Anti-Money Laundering (AML) payment risk is making onboarding very complex, though artificial intelligence (AI) is rapidly maturing and can help.

EMV certification provider Fime is providing validation for chip-based RuPay cards in India to comply with National Payments Corporation of India requirements.

It just was a matter of time before a major brand would experience a data breach in 2016. While the Wendy’s card data breach is under investigation it has reinvigorated a discussion among merchants who want to avoid being the next target (no pun intended).

Human error opens the door for most cybersecurity incidents. mBank in Poland, U.S. Bank and Bank of the West are working to make consumers more aware of the dangers of bad online habits.

Human error opens the door for most cybersecurity incidents. mBank in Poland, U.S. Bank and Bank of the West are working to make consumers more aware of the dangers of bad online habits.

A cybersecurity assessment tool designed to help bankers bolster their defenses against hackers and other cybercriminals is continuing to sow confusion among bankers, with some arguing it is effectively imposing tougher standards on the industry.

It’s too soon to connect the U.S. EMV migration to a statistical spike in e-commerce crime, but fraudsters already could be reacting to the growth in new chip cards and fast consumer credit approvals by turning to new account fraud, according to Javelin Strategy & Research.

U.S. merchants are still reluctant to embrace 3D Secure technology to protect card-not-present transactions, even though it has vastly improved from the initial tedious version that irritated consumers more than a decade ago.

Super Bowl attendees are predicted to spend an average of $82.19 on food, decor, team apparel and more, up from $77.88 last year. Total spending for Super Bowl 50 is expected to top a whopping $15.5 billion.

For many e-commerce merchants, the migration to EMV-chip card security at the point of sale — and the expected shift of fraud to the Web — is akin to a message in a bottle that hasn't washed ashore. Too many simply don't know about it.

A Federal Reserve task force has issued criteria for its faster payments initiative, part of a long journey to build a framework to securely and efficiently accommodate the near real-time processing for digital commerce.

At the four-month mark after the U.S. EMV liability shift went into effect, it's still a waiting game; larger issuers and merchants tend to be on top of the chip-card situation and many smaller ones are not, but experts say it's too early to draw conclusions.

Forced to find effective ways to authenticate customers, companies are evaluating physical biometrics for web passwords. But in the mad rush for alternatives to fight account takeover, could we be making the problem worse?