Nine of the country’s largest payment card issuers who participate in the Payments Security task force estimate that they will have issued more than 575 million chip-enabled payment cards by the end of 2015.
New York's banks will face new cybersecurity assessments carried out by the Department of Financial Services (DFS), under plans unveiled by Governor Andrew Cuomo.
Headlines continue to highlight data breaches, especially those compromising payment, banking and personal data.
May 1, 2014
The silver lining to the breaches, according to the ACI report, is that although data breach-related fraud has had a negative impact on banks’ and financial institutions’ bottom lines, more than 40 percent of respondents indicated that their customers have appreciated the proactive outreach and response to market events, which helps to keep financial institutions on the right side of customer satisfaction, rebuilding brand trust.
What could this mean for the banking and finance industry?
April 1, 2014
A recent study shows that 95 percent of American bank ATMs still run on Windows XP, but Windows is discontinuing support (including security updates) of the XP operating system as of April 8, 2014.
How enterprises manage incidents outlines the strength and longevity of the business, and how they report vulnerabilities and adapt after a breach helps to stop incidents from reoccurring.