Losses linked to retail breaches have fueled class action lawsuits on behalf of consumers. But Javelin's Al Pascual says banks are soon likely to take legal action, too, in breach cases that expose cards and lead to fraud.
New payments technology, such as mobile and emerging e-commerce transactions, is posing challenges for PCI compliance, says the Standards Council's Jeremy King. What are the greatest risks to card security?
New guidelines for mobile security are likely on the way for U.S. financial institutions, banking leaders and mobile experts say. Learn the reasons behind their predictions.
In this exclusive interview, Tim Horton of First Data explains how the nation's largest credit card processor is helping financial institutions and merchants mitigate risks posed by malware and DDoS attacks.
As the Payment Card Industry Security Standards Council prepares to update the PCI Data Security Standard, malware attacks aimed at payments networks are garnering attention, says the council's Jeremy King.
Card fraud linked to a POS malware attack against certain retailers in Kentucky continues, even though the breach has been contained, says Marjorie Meadors of Louisville-based Republic Bank.
Schnucks, a grocery chain that last month revealed it suffered a POS network attack, now says millions of payment cards were likely exposed. How many stores were affected, and was Schnucks PCI compliant?
Global Payments Inc. says it has closed the door on the investigation into the breach it discovered in March 2012. The Atlanta-based processor explains steps it's taken to reinstate PCI compliance.
A class action lawsuit has been filed against Schnucks, the St. Louis-based grocery chain that last month announced its point-of-sale network had been attacked by "malicious computer code."
Organizations outsourcing card data management to the cloud face significant security risks. How should they prioritize risks when reviewing cloud-vendor solutions? The PCI Council's Bob Russo offers insight.
Outsourcing to the cloud poses new risks, especially for card data. The PCI Council addresses those risks in its just-released cloud security guidance, and Bob Russo offers exclusive insights.
The compromise of hundreds of payment cards, apparently tied to fraud worldwide, has been linked to a network hack affecting an Arizona supermarket chain. And the attack involved a new kind of malware, the chain says.
Visa recently warned card issuers to be on the lookout for an upswing in ATM cash-out schemes. But what can be done to thwart this type of fraud? A Visa executive provides specific tips.
New PCI data security guidance for e-commerce advises merchants to step up compliance efforts in the online environment to ensure card data is protected across the payments chain.
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