Senators propose hearings on Target data breach

by Terry Dooley — SVP & CIO, ITS, Inc

Following the recent Target data breach, three U.S. Senators are pushing lawmakers to assemble to discuss the future of cyber security standards for businesses…

Card fraud: The target on the US market's back

After a widely reported Target breach, consumers are being schooled in realities the ATM industry has known for some time.

EMVCo to develop tokenization spec

January 16, 2014

EMVCo has announced that it will expand its scope of work from chip-based payments to include tokenization. This will allow the global technical body to…

US government sends warning letter to retailers about ongoing breach investigation

January 16, 2014

Reuters reports that the U.S. government today sent a confidential 16-page letter to retailers, which it says "describes the malicious software and techniques…

Dynamic authentication: A new answer to card skimming

Mimi Hart, CEO of MagTek, explains a new angle on stopping skimmers from using a compromised card. (From the ATM & Mobile Executive Summit in Washington, D.C.)

On-board biometrics: The next-gen ID card?

January 16, 2014

Oslo, Norway-based Zwipe has developed a biometric card that reads the user's fingerprint, activating in less than a second, a company news release said. Users…

You can't get rid of the fraud risk until you get rid of the card

With a safer, less expensive alternative available, is it security driving the move to EMV - or stakeholder interests?

Assume all handsets are compromised

Jim Pitts, project manager of the BITS Financial Services Roundtable, explains why he tells his FI members to expect the worst when it comes to customers…

Can a fraudster add malware to an app that's already in the app store?

CrowdStrike broke into the App Store and bypassed the security validation mechanism. Their CTO describes the demo conducted at a conference a few years ago.

Will uncertainty about debit routing delay MasterCard EMV dates?

January 14, 2014

Ever since the July 31, 2013, ruling by Judge Richard Leon that struck down not only the Fed's fee cap rules but also its debit routing scheme, the payments…

6 'must see' exhibits at Wincor World 2014

by Suzanne Cluckey — Owner, Suzanne Cluckey Communications

Exhibits, keynotes and workshops at next week's trade fair will focus on ATM channel excellence and branch transformation.

Data security bill makes another appearance in the Senate

January 9, 2014

In the aftermath of the recent data security breach at Target, Senate Judiciary Committee Chairman Patrick Leahy, D-Vt., has reintroduced the Personal Data…

8 more arrests in $45M bank heist

January 8, 2014

Nearly a year after a bank job that siphoned off $45 million from two Middle East FIs, Spanish police have announced the arrest of another eight suspects…

TMG white paper addresses biometric ID potential

January 6, 2014

Payments processor The Members Group has published the second in a series of four fraud-themed white papers. "Biometric Authentication Heading for Payments…

Double-encrypted PINs provide extra layer of protection in breaches

by Dan Kramer — Senior Vice President, Marketing & Merchant Servic, SHAZAM

As Target breach updates continue to roll out, PIN compromise is among the hot topics. The question as to whether PINs were exposed in the holiday-season…

ATM mandates in India create a quandary for FIs

January 3, 2014

In the wake of a brutal machete attack on a woman at an ATM in Bangalore on Nov. 19, many of India's state governments are requesting — if not requiring — that…

Why the iPhone platform is so secure

"I know this because we've hired a lot of people out of Apple," says Dmitri Alperovitch of CrowdStrike. (From the ATM & Mobile Executive Summit.)

How NFC was hacked

"The good news is the proximity has to be very close," says Dmitri Alperovitch of CrowdStrike. (At the ATM & Mobile Executive Summit.)

Thieves infect ATMs with malware via USB drives

December 31, 2013

At the Chaos Computing Congress in Hamburg, Germany, details were revealed about a July attack on European ATMs.

Is bluetooth vulnerable?

Yes and no, says CrowdStrike's CTO. (Mostly no.) (From the ATM & Mobile Executive Summit.)