The risk of payment card fraud is real, driven by the momentum of eCommerce and its cashless consumerism, reliant on payment cards to perform so many transactions. However, the incidence of payment card fraud is expected to change.
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.
The National Retail Federation said it agreed with a warning from the FBI that new chip-based credit cards are safer than traditional cards but still vulnerable to fraud and need to be used with a PIN to minimize risk.
First Tech Federal Credit Union announced a pilot program with MasterCard that will enable First Tech employees to authenticate and verify transactions using facial recognition and fingerprint biometrics.
Terrorism is changing. The Center for Cyber & Homeland Security at George Washington University is striving to bring science to the art of security decision-making. What can their research into cyberattacks, terrorism and the evolving threat environment do to help your enterprise? Read about this, sports security, security culture and awareness and more in the July issue.