Visa has agreed to increase the reimbursement paid to banking institutions that must reissue cards in the wake of a merchant breach. Now the smaller card issuers, such as community banks, are getting paid the most.
A judge's decision to allow MasterCard's settlement with Target to stand isn't likely to be appealed and could discourage banking institutions, some experts say, from continuing to pursue a breach-related class-action lawsuit they filed against the retailer.
It's unlikely that the same hackers that hit Sally Beauty in 2014 struck the company a second time this year, several threat intelligence experts say. Find out the latest theories about what may have led to the apparent second breach of the retailer.
The emergence of the EMV chip in the U.S. is soon going to change the payments game for issuers and merchants. Here, Sophos' Chet Wisniewski describes what bankers should be doing now to prepare.
The latest victim of malware attacks against point-of-sale system vendor NEXTEP is foodservice management company Compass Group, which says payment card data for up to 70,000 users of self-service kiosks was exposed.
As the U.S. completes its payments migration to the EMV chip, merchants and card issuers should be bracing for an uptick in card-not-present fraud, says Carol Alexander, head of payment security at software provider CA Technologies.
A class-action suit filed by U.S. banks and credit unions that's pending against Target could prove fruitful for the banks and credit unions, says attorney Chris Pierson, chief security officer at invoicing and payments provider Viewpost.
Point-of-sale systems provider Harbortouch Payments has confirmed that it recently identified and contained a malware breach that affected "a small percentage" of the merchants that it serves.
Target has agreed to pay a total of up to $19 million to issuers of MasterCard payment cards over losses and expenses they incurred as a result of the retailer's massive 2013 data breach.
The Target breach was the hot topic for many RSA 2014 attendees, but Gartner's Avivah Litan was already talking about the next Target - a UK retailer that may have suffered a similar hack, exposing payment card data.
Experts debate the value of new PCI guidance for how businesses should use penetration testing to identify network vulnerabilities that could be exploited for malicious activity. Does the new advice go far enough?
To help take down global "carding" rings, the U.S. Justice Department wants to expand current law so it can prosecute those who commit fraud anywhere in the world that involves U.S. payment card data.
U.S. prosecutors are asking a judge to rescind his decision to provide a free defense for a Russian citizen who faces 40 charges relating to the alleged theft and sale of at least 2 million credit card numbers.
Target Corp.'s pending settlement of a consumer class action lawsuit is more about public relations than compensating victims, some observers say. But will it have an impact on a pending suit filed by banks?
Apple has unveiled its long-awaited Apple Watch, which the company will begin shipping in nine countries on April 24. Security experts highlight the use of Bluetooth and Wi-Fi as potential security concerns and discuss other security-related issues.
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