MasterCard's Oliver Manahan says merchants and issuers must embrace stronger cardholder authentication and security methods, such as biometrics and tokenization, to ensure payment card data is secure.
Better DNS security could help block some types of spoofing, poisoning and DDoS attacks. But the DNSSEC approach has its critics, and it wouldn't improve Internet security overnight.
The White House Summit on Cybersecurity and Consumer Protection late last week served as the stage for more than a dozen companies and trade groups to announce new initiatives aimed at securing Internet transactions and payments and reducing fraud.
The Federal Reserve's just-released plan for faster payments and technology standardization, while applicable to ACH and wire transactions, won't easily translate for card payments, says Troy Leach of the PCI Security Standards Council.
The Federal Reserve on Jan. 26 revealed its roadmap for an overhaul of the U.S. payments system, which includes plans for faster settlement and a focus on improving payments security to reduce fraud.
The increase in sophisticated hacking attacks will lead other sectors to follow the lead of the financial services industry in implementing multifactor authentication, says Ken Hunt, CEO of VASCO Data Security International.
Is Amazon India on the verge of extending its online payments gateway to offline sellers and kiranas? And if so, what are the potential business implications and security risks for Indian organizations?
Security experts see the FIDO Alliance's release of two universal authentication specifications as a positive move in the effort to eliminate passwords. But the standards' impact will be minimal unless they're widely adopted.
MasterCard is testing a biometric wristband that authenticates a user's identity for payment card transactions by monitoring their heartbeat. Payment experts weigh in on whether the technology has the potential for widespread use in preventing card fraud.
As numerous attacks have demonstrated, two-factor authentication systems are not foolproof, says Ryan Lackey, a principal in the security practice at CloudFlare, who offers insights on how today's authentication systems must evolve.
Part 1: Bitcoin Fraud - The Perfect Crime
Bitcoin, a next-generation crypto-currency whose origin is shrouded in mystery, is receiving growing attention from cybercriminals and is perhaps the largest real-world testing lab for the effects of trust on consumer and business demand. This fascinating presentation will...
Visa's new intelligent analytics service aims to help gas stations reduce card. But experts say the service could reduce fraud for other merchants, too, and bridge the gap between the mag-stripe and EMV.
When the U.S. transitions to chip-secured payment cards, banking institutions will see a significant uptick in card-not-present fraud. What can they be doing now to prepare? Fiserv's Patrick Davie shares tips.
The Federal Reserve will make recommendations this summer for how the United States could launch a "fast-payments" system with enhanced authentication, says Kirstin Wells of the Federal Reserve Bank of Chicago.
In a groundbreaking effort to boost security, HSBC Bank USA is now requiring its retail banking customers to use dual-factor authentication for certain sensitive online banking transactions, says LuAnne Kingston, senior vice president.
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