Data breaches

Data breaches at financial institutions dropped by 26% in 2016, but breaches as a whole were up significantly.

The breaches at large retailers and other companies are continuing, making it time to fully embrace a new authentication method.

Payment companies and other financial institutions were victimized less than health care, educational institutions and government agencies.

Artificial intelligence is moving from science fiction to practical reality fast, and it's in banks' best interest to gear up now for the changes ahead. Here are some strategies to consider.

For years, there's been a lot of talk about personal information as an unalloyed asset. But by now it should be clear that the more information a company has about its customers, the bigger a target it is for hackers.

The time banks have to investigate red-flagged credit payments has shrunk from several days to a few hours and fraudsters have already taken notice.

Data breaches have been proliferating over the past couple of years, but there's new technology out of the 'bot' and analytics worlds that can help.

A 2010 cyberattack targeting the Federal Deposit Insurance Corp. — believed to have originated in China — is reportedly the subject of an FBI investigation.

As retailers, banks and technology companies continue to suffer data breaches, issuers and merchants need to take extra care when selecting payment vendors.

The payments messaging network Swift has told its client banks that the threat of cyberattacks "is very persistent, adaptive and sophisticated — and it is here to stay."