Banking/Finance/Insurance

Payment Data Compliance: 12 Major Requirements of the PCI Data Security Standard

March 28, 2017

The Payment Card Industry Data Security Standard (PCI DSS) is the security standard for protecting payment card data. Navigating the requirements of the PCI DSS and implementing the technical security controls can be quite complicated.

Wells Fargo Unveils Cardless ATMs

March 28, 2017

Wells Fargo & Company has initiated cardless technology at 13,000 ATMs that will allow customers to use ATMs without physical debit cards.

ABA Robbery Database Adds ATM Crime Feature

February 14, 2017

The American Bankers Association’s nation-wide bank robbery database, known as ABA Bank Capture, has a new interactive feature that allows subscribers to input ATM crime data — including ATM skimming — providing even more actionable intelligence to help reduce financial crime.

Identity Fraud Hits Record High

February 1, 2017

The number of identity fraud victims increased by 16 percent (rising to 15.4 million U.S. consumers) in the last year.

How Americans View the EMV Update

December 4, 2016

Despite news coverage and social media frustration focusing on perceived shortcomings of credit cards with EMV chip technology, nearly 4 in 5 Americans view chip cards positively.

Banks Ramping Up Cyber Focus, Working to Coordiante Efforts

Securing banks and financial facilities takes building leadership capacity around security and underscoring its importance to executives.

Ed Finkel

December 1, 2016

Concerns about cybersecurity are overtaking those about physical security in the banking sector, although perhaps most front-burner have been issues that cross over into both realms.

U.S. is the Global Fraud Hotspot

November 25, 2016

Global retailers can expect a 12 percent growth in online fraudulent activity in the upcoming holiday season, compared with the same period last year—and lower ticket prices on fraudster-targeted gifts and products.

New EMV Chip Cards Will Lead to Significant Increase in Online Holiday Fraud

November 18, 2016

One cyber company is predicting a significant increase in card-not-present fraud—fraudulent transactions where a credit card is not physically presented to a merchant—from Black Friday to Cyber Monday when compared to past years.

Colombia and Europe Join Forces Against Money Laundering

Kylie Bull

November 1, 2016

Colombia is to join Europol’s Focal Point SUSTRANS project, which targets organized crime networks involved in money laundering.

Payment Card Security and the Arrival of EMV

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.

Jim Romeo

November 1, 2016

In 2009 a hacker embedded malware on the point-of-sale (PoS) equipment at a Seattle eatery known as the Broadway Grill.