Topic:

Security/Fraud

Latest Headlines

Latest Headlines

Where have all the hackers gone?

It's been awhile since the last major data breach, which makes one wonder, have the hackers moved on from retail or is this a calm before another storm? Probably both and neither.

PCI June 30 compliance deadline looms; big fines possible for retailers

While many retailers are under the gun for the EMV liability shift deadline in October, there's an earlier cutoff on June 30 that may be just as important to meet: five mandatory changes in compliance for the Payment Card Industry Data Security Standard version 3.0.  

Target's $19 million breach settlement with MasterCard falls through

The proposed $19 million settlement between Target and MasterCard over losses incurred from the 2013 data breach has fallen through. The deal did not gain enough support from credit card issuers.  

Tokenization no POS panacea; retailers need balanced security strategy

Payment security technology is top-of-mind for most retail IT executives who are seriously considering, if not aggressively adopting, EMV chip card systems, tokenization, Apple Pay and point-to-point encryption. All are important, but none are complete solutions in and of themselves.  

Congress proposes easing data breach reporting laws

Minor cybersecurity data breaches will not have to be disclosed under legislation proposed in both the U.S. House and Senate in recent months.

Widespread EMV chip card adoption won't happen until 2020: Forrester

EMV chip card payments won't reach "broad" adoption for at least a few more years, and tokenization must be prioritized to secure the payment chain, according to a new report from Forrester Research.  

Visa won't budge on fraud liability shift deadline

Visa has no intention of extending the October fraud liability shift deadline for EMV chip cards. The credit and debit card network will continue its rollout plan for EMV even though a majority of retailers and some banks won't be ready for it in October. That's when retailers or banks will assume liability for fraudulent card use depending on who is least prepared to accept the EMV chip cards.

Cybersecurity bill takes big step forward in Congress

The House of Representatives is expected to pass a bill that would encourage private companies to share access to their computer data with federal investigators.

Retailers adopt proven strategies to curb POS breaches

Security breaches at the point-of-sale don't just impact business operations and customer loyalty, they strike an expensive and damaging blow to an retailer's bottom line.  

The importance of pushing back the EMV fraud liability shift deadline

As the payment wars between retailers and credit card issuers rage on, both sides would be well served if the EMV October fraud liability shift deadline were pushed back, because neither group is fully prepared to meet it. The dispute has been brewing for months and stems in no small part from the long and bloody conflict over card interchange fees. There's no love lost between retailers and their banking partners.