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Apple Pay security: Hope abounds, but questions linger

Security controls integrated into the new Apple Pay mobile payment system could strengthen the payment security ecosystem, but unanswered questions remain, like the ramifications of a lost iPhone.

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Home Depot confirms data breach began in April

The home improvement retailer confirms its customers' payment card data was breached in an incident that is believed to have begun in April, likely compromising millions of card accounts.

Cyber attacks on US banks fuel financial sector concerns

The FBI is investigating cyber attacks on five US banks, fueling concerns about the vulnerability of financial institutions and markets

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Backoff point-of-sale malware hits over 1,000 businesses

In an advisory Friday, the U.S. government estimated that the Backoff point-of-sale malware campaign has struck over 1,000 businesses to date.

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Financial Services Information Security Basics

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    personally identifiable information (PII)

    Personally identifiable information (PII) is any data that could potentially identify a specific individual. PII can be sensitive or non-sensitive. Non-sensitive PII is information that can be transmitted in an unencrypted form.

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    Financial Crimes Enforcement Network (FinCEN)

    Financial Crimes Enforcement Network (FinCEN) is a bureau of the United States Department of the Treasury. FinCEN was established in 1990 to safeguard financial systems from abuse by promoting transparency in the U.S. and international financial ...

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    Suspicious Activity Report (SAR)

    A Suspicious Activity Report (SAR) is a document that financial institutions must file with the Financial Crimes Enforcement Network (FinCEN) following a suspected incident of money laundering or fraud.

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