Financial institutions and businesses in other sectors must continually collect information about their online customers to ensure stronger authentication, says Avivah Litan, a fraud expert and analyst for the consultancy Gartner.
The Office of the Comptroller of the Currency is the first major U.S. banking regulator to issue updated guidance on third-party risks. What are the key tenets, and what should institutions expect next?
The FFIEC has warned banking institutions to take steps now to avoid security and operational risks associated with Microsoft's plans to discontinue support of Windows XP. Experts explain why replacing the operating system is critical.
The United States should be prepared for a dramatic increase in card-not-present fraud as cards using the EMV standard are widely deployed, says card fraud prevention expert Julie Conroy of Aite, who describes the reasons why.
In the wake of an ongoing stream of merchant and payment processing breaches, the FDIC is reminding smaller banking institutions that they are ultimately responsible for ensuring the security of cardholder data.
Banks need to ensure they continuously monitor their cloud vendors, says Troy Wunderlich of Washington Trust, a community bank in Spokane, who outlines his institution's strategy for vendor management.
Citi's settlement with two states over a breach that exposed 360,000 cards will likely set an example for other states. One expert says banking institutions will likely pay more damages when accounts are compromised.
A new cross-device malware strain that has been linked to last year's High Roller attacks is defeating dual-factor authentication. Experts explain why banking institutions worldwide should be on alert.