The need for PCI-DSS compliance is being embraced in Southeast Asia and the Middle East, with adoption of PCI standards increasing dramatically over the last five years, says Dharshan Shanthamurthy, CEO of SISA Information Security, who shares insights about why PCI adoption is likely to continue to grow.
The SWIFT messaging platform, which was hacked during the Bangladesh Bank heist, is used widely by most Indian banks for international financial transactions. Institutions that rely on the platform must be more vigilant, experts warn.
The Indian financial sector is at the dawn of a new age of electronic payments. What are the new form factors, and how must they be secured? An expert panel discusses the evolution and its unique security challenges.
New research shows consumers believe online purchases are more secure than those made at bricks-and-mortar retailers. Researcher Shirley Inscoe of Aite explains why misconceptions about card fraud should be worrisome to banks.
Paul Kleinschnitz, general manager of payment processor First Data's cybersecurity solutions team, says there are plenty of technologies to address payment card security, but cyberthreat awareness is still lacking.
The breach of a card loyalty marketing company that exposed card data and other personally identifiable information illustrates the privacy vulnerabilities third parties pose, experts say.
Communication is key in the wake of a cyber-attack, says Dennis Simmons of SWACHA, who explains how simulated attack drills will help banks overcome their information sharing challenges.
Mitigating card risks associated with retail malware attacks and POS vulnerabilities is a focus of updates to the PCI Data Security Standard, say Bob Russo and Troy Leach of the PCI Security Standards Council.
When it comes to mobile payments, consumers rely on banks and credit unions to be stewards of security. But how can institutions mitigate risk through a payments mechanism they don't solely own?
How are banks addressing mobile security risks? Bank of America's Keith Gordon says most are just beginning to forge ahead in the mobile space, and new security gaps are areas for which institutions have to prepare, proactively.
Banking regulators and law enforcement are collaborating to reduce losses linked to account takeover fraud. They say employee training at the branch level is a critical piece in the fraud fight. Why?
When it comes to curbing ACH fraud, banking regulators and law enforcement agencies have joined forces to keep institutions abreast of emerging best-practices. What are their top recommendations?
Technology is only part of the solution. To truly combat phishing, banking institutions need to address a trickier part of the equation. They need to change human behavior. Here are experts' tips.
Regulators have hinted at it, and industry experts say it's coming. U.S. banking institutions can expect to see new guidance for mobile banking. The open questions are: When, and in what form?
What steps can smaller organizations and their vendors take to ensure security and regulatory compliance? They must transcend what researcher Wendy Nather calls the 'Security Poverty Line.' See how.
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