Data and information management

Data security organizations have developed an EMV chip-card education program to help independent sales organizations and software vendors simplify testing and certification for their merchant clients.

Everlink Payment Services Inc. of Markham, Ontario, has introduced a new anti-fraud service that allows Interac debit card users to activate and deactivate their accounts for security.

Ironically, two current U.S. payment security initiatives – the EMV chip-card migration and the faster payments project – will prompt hackers to find new ways to compromise banking networks.

As Facebook and Google increasingly become de facto managers of consumers' online identities, some wonder if another, more trusted party, such as banks or the government, should step up and take on this role.

A former JPMorgan Chase employee was arrested by the FBI on charges of stealing customer data and trying to sell it to an undercover informant for tens of thousands of dollars.

Bank branches are continuing to lose their luster as consumers rely on online and mobile channels, according to a new report.

Millions of dollars spent on software upgrades are worth the hit to short-term profits, executives at the Buffalo bank said, because it will be able to run deeper credit profiles of borrowers.

As horrifying cyberattack scenarios grow more plausible, an American Bankers Association simulation of a hypothetical breach at a $10 billion-asset bank is designed to guide institutions through a set of crisis response steps.

House lawmakers approved two bills this week to foster greater information sharing between the private sector and government about cyber threats — and all eyes now turn to the Senate to see if legislation can finally be enacted.

Banks that use biometric technology should remember to take client and employee privacy concerns seriously. After all, banks have a duty to protect personal information and prevent its potential misuse.

No security offering can totally eliminate network data breaches, but fast detection can prevent a successful attack from becoming a large-scale disaster.

An advanced strain of malware is capable of attacking Windows point of sale terminals, stealing cardholder data and upgrading itself while hiding in plain sight.

Even with the card networks' U.S. EMV migration deadline half a year away, basic knowledge of EMV technology is still poor. Fime is addressing this concern by offering its expertise to American issuers such as credit unions and community banks, which may need additional knowledge but are reluctant to outsource their entire EMV project.

EMV will require new payment processes that, while seemingly small to those instituting the change, require a shift in behavior that could feel monumental to consumers.

Sales of cyberinsurance are rising among financial services companies, a sign of the times as data breaches, distributed denial of services and other types of attacks continue. But policies can be misleading, and they definitely are no silver bullet.

Chief Executive Officer Ken Chenault is under pressure to demonstrate how Amex can recover from setbacks including the end of a partnership with Costco Wholesale Corp.

WASHINGTON — Sens. Thomas Carper, D-Del., and Sen. Roy Blunt, R-Missouri, introduced a bill this week that would establish national data security and notification standards.

Reports that Target is close to paying MasterCard nearly $20 million to reimburse credit unions and banks for the costs associated with the retailer's 2013 data breach is not good enough for one CU trade group.

The number of merchants and vendors that care about addressing fraud and managing risk has decreased over the past year, as their attention drifts to the complexity of new payment systems.

Several issuers use card controls to soothe consumer fears, and Discover is building on this foundation to engage consumers at the network level and encourage more frequent and sophisticated use of mobile devices.