Email Alerts
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Citigroup attack highlights insufficient authorization error
Citigroup hackers used a common website vulnerability to bypass security controls and reap confidential banking data. News | 14 Jun 2011
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FinCEN reports rise in suspected identity theft scams
SARs study also shows that financial institutions are rejecting fraudulent consumer loans in majority of cases. Article | 18 Oct 2010
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Heartland agrees to $5 million breach settlement with Discover
Payment processor reaches agreement with fourth credit card company to resolve issues related to 2008 breach. Article | 02 Sep 2010
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Online bank fraud lawsuits force banks to reassess security
Banks face security and reputational issues due to lawsuits filed by fraud victims, experts say. Article | 17 Aug 2010
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Alleged credit card trafficker arrested
Russian who allegedly advertised and sold stolen credit card information online is arrested in France. Article | 11 Aug 2010
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How to foil ATM card skimming
ATM skimming is on the rise. Experts offer advice on how to protect your ATMs and customers from ATM data theft. Article | 19 Jul 2010
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Former bank teller sentenced for fraud
Ex-Bank of America teller sold customer data to others who used it to make fraudulent withdrawals. Article | 28 Jun 2010
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Microsoft unveils online fraud reporting system
Internet Fraud Alert will give researchers a place to report stolen online bank account credentials and other compromised data. Article | 18 Jun 2010
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Heartland settles with MasterCard for $41.4 million
Payment processor will pay into fund to settle MasterCard card issuers' loss claims from 2008 breach. Article | 20 May 2010
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Should there be PCI security requirements for bank account data?
Gartner analyst wonders why no PCI-like standard exists for bank account information, which online criminals are targeting. Article | 18 May 2010
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Holistic fraud reduction through customer security management
Monitoring customer behavior across multiple channels would help banks fight fraud, but today's fraud detection technology isn't there yet. In this tip, financial services expert Jerry Silva explains how banks could benefit from the concept of "custo... Tip
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Weighing the pros and cons of end-to-end encryption and tokenization
With PCI DSS and other compliance requirements, organizations are looking for surefire solutions to protect payment card and other sensitive data. Tokenization and end-to-end encryption have emerged as promising technologies, but as Dave Shackleford ... Tip
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Winning the war: Personal information protection
With so many records containing personally identifiable information lost in data breaches, we have lost the battle to protect personal information, argues George Tubin of TowerGroup. In this tip, he explains how financial institutions must treat PII ... Tip
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Mobile payment adoption risks
As mobile banking grows in popularity, financial institutions need to weigh the adoption risks to determine whether it's a product they want to offer. Rick Lawhorn lays out the top three risk factors and what your company should do to help overcome t... Tip
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Lessons learned: The Citibank ATM breach
Learn what went wrong with the Citibank ATM breach and how your financial organization can protect itself from the same danger. Tip
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PCI DSS (Payment Card Industry Data Security Standard )
The Payment Card Industry Data Security Standard (PCI DSS) is a widely accepted set of policies and procedures intended to optimize the security of credit, debit and cash card transactions and protect cardholders against misuse of their personal info... Definition
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card verification value (CVV)
Card verification value (CVV) is a combination of features used in credit, debit and automated teller machine (ATM) cards for the purpose of establishing the owner's identity and minimizing the risk of fraud... (Continued) Definition
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PAN truncation (primary account number)
PAN (primary account number) truncation is a technology that prevents most of the digits in a credit card, debit card or bank account number from appearing on printed receipts issued to customers... (Continued) Definition
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PayPal CISO: Laws must foster better cybersecurity information sharing
PayPal's Michael Barrett says many firms fear misuse of shared cybersecurity data. He also discusses the evolution of PCI DSS and mobile payment security. Video
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Fighting fraud: Understanding technology and threats
Fraud is one of the main concerns of financial institutions today, but how should they go about preventing it? What techniques, training or technology should they put in place? In this video, Nick Holland of Aite Group talks about fraud trends, inclu... Video
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PayPal CISO: Laws must foster better cybersecurity information sharing
PayPal's Michael Barrett says many firms fear misuse of shared cybersecurity data. He also discusses the evolution of PCI DSS and mobile payment security. Video
-
Citigroup attack highlights insufficient authorization error
Citigroup hackers used a common website vulnerability to bypass security controls and reap confidential banking data. News
-
Holistic fraud reduction through customer security management
Monitoring customer behavior across multiple channels would help banks fight fraud, but today's fraud detection technology isn't there yet. In this tip, financial services expert Jerry Silva explains how banks could benefit from the concept of "custo... Tip
-
FinCEN reports rise in suspected identity theft scams
SARs study also shows that financial institutions are rejecting fraudulent consumer loans in majority of cases. Article
-
Heartland agrees to $5 million breach settlement with Discover
Payment processor reaches agreement with fourth credit card company to resolve issues related to 2008 breach. Article
-
Online bank fraud lawsuits force banks to reassess security
Banks face security and reputational issues due to lawsuits filed by fraud victims, experts say. Article
-
Alleged credit card trafficker arrested
Russian who allegedly advertised and sold stolen credit card information online is arrested in France. Article
-
How to foil ATM card skimming
ATM skimming is on the rise. Experts offer advice on how to protect your ATMs and customers from ATM data theft. Article
-
Former bank teller sentenced for fraud
Ex-Bank of America teller sold customer data to others who used it to make fraudulent withdrawals. Article
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Microsoft unveils online fraud reporting system
Internet Fraud Alert will give researchers a place to report stolen online bank account credentials and other compromised data. Article
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About Debit and credit card fraud prevention
When it comes to your business partner security, you're only one mistake away from a security disaster. Learn about business partner and vendor security issues, plus how to ensure security when working with third-party providers and tips for building security into SLAs.