Adoption of chip technology will not only help the U.S. payments infrastructure prepare for expected acceleration in mobile-based payments, Visa says, but will improve transaction security by providing dynamic authentication.
Bob Russo says the long-awaited PCI guidance on tokenization should provide merchants with a baseline for standardization and best practices, and serve as a roadmap for how tokenization can complement compliance with the PCI-DSS.
Some 200 people have reported fraudulent debit and credit transactions hitting their accounts after dining at Margarita's Mexican Restaurant in Texas. Investigators believe a third-party vendor may have been hacked.
The new virtualization guidance issued by the PCI Security Standards Council urges organizations to take a risk-based approach when dealing with virtualization methods, especially within cardholder data environments.
"We appear to be asking DHS to take on new cybersecurity roles and missions while it is establishing its basic core competencies," Melissa Hathaway says. "Is this reasonable? Do we want DHS to become a first party regulator?"
Some organizations hesitate to involve law enforcement in their breach investigations for fear that exposing the hack would cost them their reputations and money. A Justice Department contingent tells a gathering of lawyers why that impression is wrong.
After firing off a letter to Apple Computer CEO Steve Jobs that questions the secret tracking, Sen. Al Franken schedules a May 10 hearing before a Senate Judiciary subcommittee he chairs on protecting mobile privacy.
This kind of problem happens to everybody, says Marcus Ranum, CSO of Tenable Network Security, in response to the widely publicized breach at RSA. And maybe hes right. Perhaps this kind of problem does happen to everyone. But should it?
Fraud, risk management emerging technologies -- these issues know no boundaries. That's why we're launching a series of new international BankInfoSecurity sites to draw proper attention to local issues that impact the global banking industry.