The FDIC this week removed its list of high-risk merchant categories from guidance related to third-party payment processors. Experts say pressure from merchants may have been the catalyst for the change.
A Missouri-based escrow firm is considering taking its fraud case all the way to the Supreme Court now that an appellate court has denied a request to have its case involving a $440,000 account takeover loss reheard.
Leading this week's industry news roundup, Quantum Corp. is integrating its StorNext scale-out storage with the FireEye network forensics platform, while CARD.com is partnering with IDology to help prevent card fraud.
Point-of-sale retail breaches are the rage, but they are just one cyber-crime trend on the mind of RSA researcher Uri Fleyder. What are the malware and mobile threats that organizations should monitor?
Treasury Secretary Jacob Lew this week took the precedent-setting step of publicly addressing the financial system's cybersecurity shortcomings. Learn why one expert says this could represent a policy shift for the Treasury Department.
Choice Escrow is seeking a bench review of a recent appellate court ruling, which favored its former bank in an ACH fraud dispute. The firm argues the court set a bad precedent for future disputes by limiting Uniform Commercial Code protections.
What can banking institutions expect when examiners come calling to conduct their new cybersecurity risk assessments? Security experts share insights from institutions that have gone through the process.
Leading this week's industry news roundup, Easy Solutions partners with Q2 to provide virtual banking solutions, while Lockheed Martin releases a new version of the Industrial Defender Automation Systems Manager.
The OCC says cyberthreats against the U.S. financial infrastructure are growing, and financial fraud should not necessarily be banking institutions' top concern. Learn more about the latest OCC report.
Leading this week's industry news roundup, Verizon offers Smart Credential, a new service to help businesses manage risk by using a single credential in both the physical and virtual worlds, while Corero announces SecureWatch Analytics.
A bank's $350,000 settlement with a California oil company should serve as a reminder that reasonable security measures offered by banks are increasingly critical to the outcome of account takeover disputes.