The Europay, MasterCard, Visa standard, commonly used in most global markets, is coming to the U.S. The sooner issuers, acquirers and merchants initiate migrations, the better, says Stephanie Ericksen, head of authentication product integration at Visa.
Recently discovered viruses, consisting of Trojans and other malware, at City College of San Francisco have stolen personal banking information and other data from perhaps tens of thousands of students, faculty and administrators, says John Rizzo, president of the board of trustees.
A legal dispute between a small merchant in Utah and its former payments processor has fueled a debate over contracts between merchants and acquirers. If successful, this case could spur contractual shifts that change the way card brands view liability after card breaches.
Improved collaboration and communication between small businesses and financial institutions is the first step toward improving online security, says Mark Patterson, an ACH fraud victim. What else would help?
Security managers need the heads up from non-IT executives before they dismiss employees, some of whom might seek payback for their sacking by pilfering data or sabotaging systems, Carnegie Mellon University's Dawn Cappelli and Mike Hanley say.
Wikipedia.org founder Jimmy Wales pledges to shutter the online encyclopedia from midnight Tuesday to midnight Wednesday to protest anti-piracy legislation before Congress that he contends would threaten Internet freedom if enacted.
Cybersecurity Coordinator Howard Schmidt recognizes the need to battle online piracy to protect U.S. intellectual property but contends legislation before Congress to do just that would unacceptably curtail Internet freedom and increase cybersecurity risks.
People with good analytical backgrounds that understand regulatory compliance are in demand. Their counterparts - defenders of IT systems - will always be in demand.
"We need the tens of thousands that can manage those defenders and then we need 100,000 that are out there learning the trade, that are passionate...
Cyberhackers are increasing their efforts to target online credentials. And phishing attacks waged against accountholders at Chase in the U.S. and Barclays in the U.K. have made it clear that banking accounts are the target.