The U.S. payments infrastructure will come up far short of completing the rollout of EMV technology by the Oct. 1 fraud liability shift date. Experts say high costs, a perceived lack of consumer demand and doubts about EMV's ability to significantly reduce card fraud are to blame.
The gang behind the Carbanak banking malware - tied to $1 billion in fraud - has changed tactics, using upgraded malware via spear-phishing attacks, a security expert warns. Separately, a new banking Trojan called Shifu has been targeting Japanese banking customers.
Policymakers must consider three factors before imposing sanctions in retaliation for state-backed hacks: Confidence in its attribution of responsibility, the impact of the incident and the levers of national power at a state's disposal.
With a majority of ATMs continuing to run on archaic WinXP platforms, questions arise around why these devices are not being built secure by design. EPS COO Prakash Joshi on ATM security challenges and developments.
Although EMV is a far more secure payments technology, it can be exploited for fraud if it's improperly implemented, warns Gartner analyst Avivah Litan. What security lessons must be learned from past EMV deployments?
After Target's $67 million settlement with Visa to reimburse banks for expenses related to the retailer's 2013 breach, MasterCard confirms it is weighing a new deal. Will settlements derail a pending lawsuit against the retail giant?
Security is a busy sector: Symantec jettisoned Veritas, Zscaler became a "unicorn" after its most recent funding round, and we have other M&A news from Cisco, Fidelity National Information Services and Proofpoint.
In June 2012, restaurant chain Penn Station was among the first retailers hit by a POS breach linked to malware. Here, in an exclusive interview, President Craig Dunaway discusses the lasting impact of the breach.
Neiman Marcus has asked a federal court to reconsider its decision to allow a consumer class-action suit to go to trial. If the retailer fails, legal experts say, it could mean a costly setback for breached entities.
The prices for stolen payment card data and other cybercrime products and services on Russian underground forums continue to fall. But the cybercrime ecosystem is more automated, effective and robust than ever, Trend Micro reports.
Visa's Eduardo Perez says one of the key merchant vulnerabilities his company is most concerned about is weak remote-access controls for point-of-sale systems and devices. He offers risk mitigation advice in this exclusive interview.
A new study finds an increase in incidents of cyber fraud in the banking sector, as banks and customers rely more on mobile technology. India's security leaders respond to the findings and offer practical advice.
MasterCard is testing a smartphone app that lets users approve online transactions using facial recognition, via the equivalent of taking a selfie. But could such technology be spoofed, and will it reduce card fraud?