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Three Dimensional Data Sourcing Can Combat 'Multigrain' Malware
A recent spate of cyber-attacks leveraging POS (Point-of-Sale) malware against big retailers is drawing attention to a relatively new malware strain called "multigrain."  more »
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Although complete migration to EMV is expected to take up to seven years, CNP (card-not-present) merchants will struggle with increased fraud as criminals shift online to more vulnerable remote payments. more »
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After planting its roots firmly in data encryption and enterprise content management for Payment Card Industry security compliance, Hyland has turned its attention toward fraud detection. more »
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Banks and their merchant clients face a costly problem stemming from how prepared they are to deal with attacks that sidestep the point of sale. more »
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The expansion of devices connected to the Internet of Things is raising security and privacy concerns, spurring the Smart Card Alliance (SCA) to take action. more »
Bloomberg News
IBM has released a set of blockchain cloud services built to meet security and compliance standards for companies in regulated industries — particularly, financial services, healthcare and government. more »
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There is some good and bad EMV-related news for the U.S. when it comes to chargebacks and false declines. more »
New details unearthed about how cybercriminals stole $81 million out of a Bangladesh Bank account at the Federal Reserve Bank of New York provide insight into how the theft occurred, some of the vulnerabilities that were exploited and what banks can learn from the incident. more »
Bloomberg News
McDonald's has been at the fore of many new digital initiatives around the world, and it has played a significant role in demonstrating how MasterCard can flex its international scale to build new services and avoid being disrupted. more »
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MasterCard Inc., the second-largest U.S. payments network, reported profit that beat analysts’ estimates as card spending increased. more »
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An organization could go to great lengths to protect its internal network only to have all that effort undone by its third party service provider failing to take proper security measures. more »
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EMV chip card protections at the point of sale and a general corporate awareness of card data security are helping lower the number of data compromises worldwide. But fraudsters are moving quickly to bigger targets. more »
"[Consumers] either weren't using it, or just had an e-mail alert, and we can move beyond e-mail at this point," said Visa SVP Mark Nelsen
Visa issuers will be required by October of this year to provide a transaction alert service to cardholders — but if they don't have a plan in place this week, Visa will step in with its own offering. more »