Investment

The financial services industry may be focused exclusively on securing payment card credentials, but other sensitive data can benefit from these efforts.

At least two financial services groups say none of their U.S. bank members have reported the existence of Carbanak malware in their networks, suggesting the threat may not be significant.

Orrstown Bank in Pennsylvania has introduced two-way text messaging between customers and its service agents. It's the latest effort in the banking industry to make communication easier for mobile-first customers.

Decisions about when and how to implement EMV technology in credit and debit cards are difficult. Many banks have decided to slowly phase it in, despite the fact the delay will open them up to greater potential liability.

After a number of high profile security breaches in the past couple of years, consumer trust in the payments system is more fragile than ever.

In two recent overseas incidents, payment companies redefined "security" to suit a specific situation, rather than keeping it the constant that their customers expect.

With the breach threat showing no signs of slowing, security companies are rapidly broadening their systems to simultaneously fight identity fraud stemming from clients' consumers and employees.

Bluefin Payment Systems is making point-to-point encryption available to large merchants that use Heartland Payment Systems as a processor, a key move as U.S businesses grapple with the migration to chip cards.

Kaspersky Lab has unveiled a cyber-heist in which hackers have already stolen $1 billion from banks across the world. Here's what banks should know about how the hackers did it — and what institutions can do to protect themselves.

The theft of 80 million healthcare records will cost Anthem Blue Cross more than $100-million, and payment companies are also under threat since the incident may result in a spike in false card accounts.