Data security

The Electronic Transactions Association released its updated Guidelines on Merchant and ISO Underwriting and Risk Monitoring last week, spotlighting various merchant categories that face the biggest scrutiny from law enforcement agencies.

It has been difficult for the card brands' 3D Secure technology to find a following in the U.S., in part because of a lack of awareness, and in part because of the consumer friction the authentication process has caused in the past.

Much of the growth in wearable technology is happening without an eye to enabling payments. This is prompting many companies to find a way to add payment capabilities to wearables without forcing users to buy an entirely new device.

By now, many merchants should be wondering if they made the right decision by failing to act before last fall’s EMV liability shift.

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.

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