Reducing credit and debit card fraud by implementing EMV chip card acceptance has become retailers’ top payment issue in 2016, but retailers are also busy with new data security enhancements such as point-to-point encryption and tokenization to better protect payment card data.
Embezzlement is not just a problem for large enterprises – businesses with fewer than 150 employees were 10 times more likely to be victimized by fraud than those with 250-500 employees, according to the 2016 Hiscox Embezzlement Study.
It’s hard to believe that over a decade has passed since PCI DSS (Payment Card Industry Data Security Standard) was first introduced in 2004 as the information security standard for organizations that store, process or transmit cardholder data. Although it’s become a mature industry standard, two problems remain.
While many biometric modalities have been tried at the ATM, fingerprint biometrics has become one of the most widely used, partly because of its long history, but more importantly for its ease of use, performance, interoperability, ability to thwart imposters and low cost.
Led by CEO Al Grasso, The MITRE Corporation is paving the way to practical solutions for critical challenges in the U.S. while helping to foster talent, innovation and security for future generations. Learn more about this organization’s methods and mentorship in the October issue. Other topics in the October issue include profiles on the Port of Los Angeles and Seattle Children’s Hospital, 4K video surveillance tips and technology, security career advice and more.