Archive for tag: Bank Security

Are Cloud Services Safe? iCloud Breach Revives Debate

September 12, 2014

By Penny Crosman Are cloud services secure enough for corporate use? It’s a question bankers have pondered for at least a decade, and the iCloud breach illustrates both the pro and con arguments. On the one hand, storing any kind of sensitive material anywhere on the Internet makes it a target for hackers. On the […]

The Role of Big Data in Monitoring Real-Time Payments Fraud

August 29, 2014

By Mike Urban Predictive and behavioral analytics hold the key to tracking fraud in a real-time payments environment. The US Federal Reserve announced in early 2014 plans to update the financial services infrastructure to accommodate faster payments, even a path to real-time funds transfer. This is a noble goal, but real-time payments could come with […]

CUNA and NAFCU Opt Out of Data Security Pact

February 21, 2014

By David Morrison CUNA and NAFCU both declined to participate in a new partnership between banks and retailers because the other groups would not stress that retailers must do their part to protect consumer data. Thursday’s announcement of the as yet unnamed effort included some of the largest retail and banking associations, including the National […]

Target Breach: Why Smartcards Won’t Stop Hackers

January 31, 2014

By Mathew Schwartz “Chip and PIN” smartcard adoption in the United States is long overdue. But the security improvement wouldn’t have stopped Target’s BlackPOS malware attackers. Say what you will about “smart” credit cards or EMV card-security technology: None of it would have prevented the recent theft of shoppers’ credit cardinformation from Target and Neiman […]

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