Corporate account takeover events are reigniting the debate between banks and their former commercial customers, about everything from fraud liability and the "good faith" standard to commercially reasonable security.
From the exposure of thousands of Citi cardholders to the Michaels debit breach, fraud continues to impact card issuers. Involving the consumer in prevention is a step financial institutions must take, says Javelin's Phil Blank.
The Obama Administration's cybersecurity proposal for breach notification will require collaboration among differing financial-services providers, within and across borders, says Leigh Williams of BITS.
Emerging technology is often touted for enhancing security. But if not properly deployed and integrated, these technologies can hinder rather than improve security.
Despite increased incidents, major U.S. card issuers receive poor marks for card fraud prevention, according to a new study from Javelin Strategy & Research. The biggest area of concern: card-not-present fraud.
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"We took our understanding of the tools, tradecraft and techniques used by these malicious actors, and converted it into actionable information that ... would lower their risk to the type of attack we saw at RSA," DHS Secretary Janet Napolitano says.
Smartphones are ubiquitous in organizations across industry today. But how secure are these devices -- and what security and liability vulnerabilities do they expose?
Speculation about the pending update to online authentication guidance has been circulating around water coolers for months now. "A [disclosure] like this could make it more challenging for the regulators," says attorney David Navetta.
If you are sending data over a service provider's network, there is a dirty little secret you need to know about. Despite your provider's claims that your data is secure, current Wide Area Network (WAN) technologies including MPLS and Metro-Ethernet offer no inherent data protection. It's time for you to take...
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