Detectives have arrested seven suspects and seek 13 more in an ATM skimming investigation involving hundreds of credit and debit cards compromised in parts of Canada, the U.S., Australia and Indonesia.
Incidents of card data exposure, such as Citibank's recent online breach, get regulators' attention. And sources say banking examiners are increasingly asking tougher questions about the protection of consumer data.
Banking regulators have begun examining institutions for conformance to the FFIEC Authentication Guidance. What gaps have they found? Terry Austin of Guardian Analytics offers insight and security tips.
Challenged by sophisticated threats and the complexity and cost of security, global leaders wonder: "Is my organization going to be the next breach headline?" IBM's Latha Maripuri discusses global trends.
"People appreciate being contacted when particular transactions look risky," says Peter Tapling, President and CEO of Authentify. "Out-of-band authentication provides the opportunity to do that in real-time, at very low cost to the institutions."
Michael Benardo of the FDIC says banking institutions can expect more scrutiny about the due diligence they conduct on payments processors and merchants. What are the top risks institutions must address?