Checkout.com, cloud-based global payment solutions provider, announced the hire of J.P. Morgan cybersecurity expert and cloud evangelist Adrian Asher as Chief Information Security Officer (CISO) and head of cloud architecture.
Throughout the pandemic, the payments threat landscape was largely influenced by the ongoing COVID-19 pandemic. Cybercriminals continued to employ tried and true methods, such as phishing, payment account enumeration, eCommerce skimming, ransomware, among others to exploit many vulnerabilities during the pandemic, says Natalie Kelly, Visa’s SVP, Global Head of Payment Ecosystem Risk. Here, we talk to Kelly about the payments fraud ecosystem, her role at Visa, ensuring business continuity through the evolution of the payments threat landscape and more.
International technology standards consortium Object Management Group® (OMG®) and the Industrial Internet Consortium® (IIC™) announced the first vertical profile for the recently released v1.2 of the IoT Security Maturity Model (SMM) Practitioner’s Guide. Targeted specifically for the retail industry, IoT SMM: Retail Profile for Point-of-Sale Devices will help retail organizations determine the right level of investment to meet their security needs.
In the list of considerations for how to pay for purchases, the security of the transaction method tops cash back and loyalty points for most consumers. That's the conclusion of a recent major payment industry study, reinforced by separate results from new private research.
As smartphones and wearable devices continue their exponential growth in Canada and globally – it’s expected to be worth $34 billion by 2020 – Canadians will need to be wary of the increasingly popular “Tap” payment channel (or alternative NFC wearable device) service.
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.
Visa’s Biometric Paymentsstudy, which surveyed 14,000 people across Europe, revealed that 73 percent of people think biometric security checks on a payments device is a secure authentication, with fingerprint the preference for 81% of consumers, followed by iris scanning.