Investment

Business is booming for the online gaming industry, to the tune of billions of dollars worldwide each year.

The Cybersecurity Information Sharing Act, which has advanced far on Capitol Hill, promises to help businesses and government thwart cybercriminal attacks. But privacy advocates say the bill would make misuse of consumer data even easier.

The recent uptick in cyberattacks, including the hack of extramarital dating site Ashley Madison, is making companies tighten their Web security and driving up demand for cybersecurity providers.

A point-of-sale malware that steals payment card data has resurfaced after a few years with a diabolical twist — it cleans up its crime scene, making it difficult for businesses to realize their networks are infected.

The October 2015 “liability shift” date has come and gone. For years leading up to it finance and payments pundits (and eventually the general population) discussed the impact of this date to force merchants to migrate to EMV-enabled credit cards, from the decades old magnetic stripe standard.

Customer expectations for digital are a moving target, and banks and their vendors are quickly trying to figure out which products and services to add next.

In a few instances, banks have temporarily blocked data aggregators from screen scraping customers' bank account information. Are the banks exercising appropriate judgment or obstructing potential competitors?

While cybersecurity has already been part of bank exams for years, the Federal Deposit Insurance Corp. is highlighting it as a separate comment in order to ensure the issue is getting appropriate attention from bank executives and boards.

The EMV migration in the U.S. has been slow, but there are technology alternatives that allow for fast and accurate deployment of chip cards.

Criminals hoodwinked banks, credit-card networks and a payment-security firm while moving hundreds of millions of dollars, according to the U.S. government. It won't be easy to stop it from happening again.