Four out of five global retailers and other merchants failed interim tests to determine whether they are in compliance with payment card data security standards.
Microsoft has sued a group of hackers who have allegedly stolen millions of dollars from computer users and financial institutions using malware disguised as its Windows software.
MasterCard is working with Visa to create a new authentication standard for online payments that will gradually replace the 3D Secure protocol with “invisible authentication”.
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said the bank will probably double its $250 million annual computer-security budget within the next five years.
Because of the sensitive nature of the assets and information they maintain for customers, ensuring a highly secure environment is mission-critical for banks and other financial institutions.
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