How well do banks conform to the FFIEC's updated Authentication Guidance? Gartner analyst Avivah Litan says most have made progress, but they still struggle with the details.
Until these deficiencies are fully addressed, a GAO audit reveals, increased risk exists to unauthorized access to sensitive data and programs and disruption of critical operations on managing the federal debt.
Gartner analyst Avivah Litan questions whether the security vulnerabilities that led to a breach that exposed 1.5 million cards may be linked to long-standing security issues at Global Payments.
Banks and credit unions are making investments to prevent ACH/wire fraud. But are they investing in the right solutions? Attorney Joseph Burton says the focus must be on 'reasonable' security.
Most bankers doubt that big technology investments will reduce fraud, according to the 2012 Faces of Fraud survey. Why don't they believe technology is the answer?
According to our new survey, more than half of banking institutions expect an increase in fraud-fighting resources this year. But how are they investing those resources? The answers may surprise you.
"Regulation drives spending," says George Tubin of GT Advisors. "You're in a situation where the regulators are telling you, 'You have to do something; you have to make improvements.' Therefore, the bank has to spend some money on technology."
How might the Global Payments breach saga unfold? A look back on the Heartland Payments System incident and investigation offers clues to what could be a rocky road ahead.
Global Payments' public response to the data breach that exposed card data on 1.5 million debit and credit accounts has, frankly, raised more questions than offered answers.
In the wake of the Global Payments Inc. data breach, what should banking institutions do to ease customers' concerns and contain any potential fraud? Experts weigh in with three key tips.
A quick corporate overview of Global Payments Inc., the Atlanta-based payments processor involved in the payment card data breach that impacted an estimated 1.5 million customer accounts.
Has there been an undisclosed data breach? In the wake of the latest revelations by Global Payments Inc., some fraud analysts wonder whether they might be seeing signs of a separate breach.
Gartner Analyst Avivah Litan, one of the first fraud experts to report the Global Payments Inc. data breach, says the latest revelations raise more questions than answers about the incident's impact.
As news of the Global Payments Inc. data breach spread, impacted organizations, including the major payment card brands, released statements about the incident. Following are the latest news releases.
In its second formal statement about its data breach, payments processor Global Payments Inc. says this incident is confined to North America and involves fewer than 1.5 million payment cards.
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