Some 200 people have reported fraudulent debit and credit transactions hitting their accounts after dining at Margarita's Mexican Restaurant in Texas. Investigators believe a third-party vendor may have been hacked.
From the exposure of thousands of Citi cardholders to the Michaels debit breach, fraud continues to impact card issuers. Involving the consumer in prevention is a step financial institutions must take, says Javelin's Phil Blank.
As international ACH transactions increase, banking institutions can't just think about passing a security compliance audit. Effective and efficient monitoring will be keys to mitigating fraud risks.
Despite increased incidents, major U.S. card issuers receive poor marks for card fraud prevention, according to a new study from Javelin Strategy & Research. The biggest area of concern: card-not-present fraud.
Sony Corp.'s announcement that hackers may have accessed data on 77 million gamers follows a long line of recent breaches. And Neal O'Farrell of the Identity Theft Council says the string of incidents has led to consumer 'breach fatigue.'
Some 300,000 clients of the Cord Blood Registry, a stem cell bank, have been notified of a personal information breach involving stolen unencrypted backup tapes.
When a database breach occurs, consumer notification continues to be a public problem, and it's time for the federal government to step in, says Linda Foley, co-founder of the non-profit Identity Theft Resource Center.
Eighteen months ago, when the Heartland Payment Systems data breach first hit the news, Heartland CEO Bob Carr knew exactly where to turn - to Tylenol.
How prepared is the financial services industry in the event of a cyber attack?
The Financial Services Information Sharing and Analysis Center (FS-ISAC), a national industry forum, will conduct Cyber Attack Against Payment Processes (CAPP), an exercise to measure the ability of financial institutions, payment...
As TJX, Hannaford and Heartland have taught us, incident response isn't just about reacting to your own institution's security breaches - it's about what happens when your card processors, merchants and vendors are compromised.
Register for this session for insight on:
How to immediately respond to a payment...
What happens after a major security breach? How do banking institutions go about notifying their customers - whose responsibility is it?
At BB&T in Winston-Salem, NC, the role is filled by Dick Langford, Vice President and Manager, Information Security Compliance Management. In an exclusive interview, Langford...
Heartland Payment Systems (HPY) has been removed from Visa's list of compliant service providers, and banking institutions affected by the Heartland data breach have until May 19 to file their fraud claims with Visa.
This news emerged late last week from a public statement by Visa, as well as from a letter sent by...
Heartland Payment Systems (HPY) may be the only "new" data breach, after all.
A week after at least two banking institutions and a state banking association reported a new data breach that had been announced to them by Visa, the credit card company now is saying that its recent alerts to card issuers were actually...
In addition to the well-publicized Heartland Payment Systems (HPY) data breach, an additional payment processor appears to have been hacked, affecting an unknown number of banking institutions, consumers and cards.
Two banking institutions and a state banking association have reported this new breach to their...
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