Encryption

The North American banking giant is making a gradual yet concerted effort to migrate applications to Microsoft’s cloud, but there are still sensitive operations and pieces of data that it’s holding back on for now.

Cathy Bessant, Bank of America’s chief operations and technology officer, offers her takeaways from the first meeting of the Council on the Responsible Use of Artificial Intelligence. She also shares some challenges banks are facing with cyberattacks and data encryption.

A new regulation in the Golden State could provide a de facto national standard as Congress continues to stall on data breach legislation.

Banks want to encourage innovation by extending access to outside developers, but customer data remains vulnerable while in use by an application.

The technology does not yet exist, but in the not-too-distant future it could fundamentally transform how many organizations do business.

Bluefin Payment Systems is rolling out a service to simplify compliance tasks for merchants that have adopted point-to-point encryption (P2PE) services to protect card data at every stage of the transaction.

Europe's new data privacy rules have forced banks to get creative to protect sensitive data from in appropriate access or breaches.

Nonlisted encryption solutions are designed for easier deployment, but often lack many of the key attributes of PCI-listed point-to-point encryption products, writes Ruston Miles, founder and chief strategy officer of Bluefin.

POS payment encryption products are widely available and have been for many years, from technologies designed to secure card data from the point it is entered into the payment terminal, writes Ruston Miles, founder and chief strategy officer of Bluefin Payment Systems.

Thousands of rank-and-file merchants are gaining access to validated point-to-point encryption (P2PE) for protection from malware within payment terminals, an attack vector that other popular security technologies might miss.

Point-to-point encryption (P2PE) advanced with the Payment Card Industry data security standard's updated guidelines in 2015, but the technology has not held the spotlight much since then.

Credit card or personal data transactions getting processed through IBM equipment will soon benefit from "one-click" data encryption in a powerful new mainframe.

The system can run more than 12 billion encrypted transactions per day and can automatically keep applications, cloud services and databases hashed.

Verizon’s Data Breach Investigation Report finds cybercriminals are focusing their efforts on banks’ web servers and websites.

EMV is strictly an anti-counterfeiting measure that leaves several elements of the payment process untouched, and fraudsters are exploiting these gaps.