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Home » Topics » Sectors » Banking/Finance/Insurance

Banking/Finance/Insurance
Banking/Finance/Insurance RSS Feed RSS

More Than 575 Million U.S. Payment Cards to Feature Chip Security in 2015

August 14, 2014

 Nine of the country’s largest payment card issuers who participate in the Payments Security task force estimate that they will have issued more than 575 million chip-enabled payment cards by the end of 2015. 


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Banks are Starting to Use Vein Patterns for ATMs

May 14, 2014

Poland has become the first country in Europe to introduce a network of "finger vein ID" cash machines.


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New York to Increase Assessment of Bank Cybersecurity Plans

May 8, 2014

New York's banks will face new cybersecurity assessments carried out by the Department of Financial Services (DFS), under plans unveiled by Governor Andrew Cuomo.


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Recent Data Breaches Hit Nearly 80% of Banks, Financial Accounts

Headlines continue to highlight data breaches, especially those compromising payment, banking and personal data.
May 1, 2014

The silver lining to the breaches, according to the ACI report, is that although data breach-related fraud has had a negative impact on banks’ and financial institutions’ bottom lines, more than 40 percent of respondents indicated that their customers have appreciated the proactive outreach and response to market events, which helps to keep financial institutions on the right side of customer satisfaction, rebuilding brand trust.


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US Financial Council Warns Banks about Rise in Cyber-Attacks

April 2, 2014

The Federal Financial Institutions Examination Council (FFIEC) warned banks about rising cyber-attacks on their websites and their cash machines.


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Windows XP-Based ATMs Could Be Hackers’ Paradise

What could this mean for the banking and finance industry?
April 1, 2014

A recent study shows that 95 percent of American bank ATMs still run on Windows XP, but Windows is discontinuing support (including security updates) of the XP operating system as of April 8, 2014.


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Banking Battlegrounds: Cyber and Physical Security Risks Today

What reporting strategies should your enterprise adopt?
Ed Finkel
April 1, 2014

How enterprises manage incidents outlines the strength and longevity of the business, and how they report vulnerabilities and adapt after a breach helps to stop incidents from reoccurring.


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Fraud Plot Foiled at Vatican Bank

March 30, 2014

Two men with false bond certificates worth trillions of euros (dollars) tried to bluff their way into a Vatican bank in a foiled fraud plot.


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Security key pad

Bank ATMs Face End of Security Support

March 4, 2014

An estimated 95% of American bank ATMs run on Windows XP, and Microsoft is ending tech support for that operating system on April 8.


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Difference in Focus Marks Difference in Fraud Rates Overseas, in U.S.

North American financial executives perceived an increase in the rate of online account takeover attacks compared to their global counterparts in 2013
March 1, 2014

North American financial executives perceived an increase in the rate of online account takeover attacks (63 percent) compared to their global counterparts (50 percent) in 2013, but the actual rate of attempted and actual wire and automated clearinghouse (ACH) fraud related to account takeover is lower in North American financial enterprises than at the global institutions, according to an ACI Worldwide survey, Strategies to Prevent Attacks on Commercial Accounts.


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