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Payment Security

February 26, 2014 - The rise of bitcoin over the last year has piqued the interest of cybercrooks, who have created more than 100 unique families of malware designed to steal virtual currencies, according to Dell SecureWorks.

February 25, 2014 - Card fraud in the Single euro payments area (Sepa) increased in 2012 for the first time in four years, hitting EUR1.33 billion, European Central Bank figures show.

February 6, 2014 - US Congress is looking into the possibility of speeding up the rollout of Chip and PIN terminals in the US, and associated credit and debit card technology to combat the recent spate of security issues experienced by major retailers, such as Target.

February 3, 2014 - As retailers increasingly look to mobile as a way to generate revenue, fraud threats are impacting merchants to the tune of $283 for every $100 of actual fraud losses through the mobile channel, according to the LexisNexis® True Cost of Fraud(SM) Mobile Study released today. Conducted by LexisNexis and Javelin Strategy & Research, the study highlights key fraud issues effecting mobile retailers, while also articulating ways to combat retail fraud.

February 24, 2014 - A collection of US state financial regulators has become the latest body to launch an investigation into bitcoin and other virtual currencies. Meanwhile, the boss of troubled exchange Mt. Gox has resigned from the board of the Bitcoin Foundation.

February 5, 2014 - Target has promised to accelerate its $100 million programme to roll out smart card technology in stores to help guard against further fraud.

January 31, 2014 - A greater number of banks are embracing the trend towards mobile banking among their customers, according to a new report.

February 13, 2014 - Employees at U.S. Bank have begun a pilot of new software that utilises voice biometrics to allow consumers to access their credit card accounts on mobile devices.

February 4, 2014 - The Electronic Payments Coalition issued the following statement regarding recent merchant data breaches and the security of the electronic payments system:

January 30, 2014 - Barclays is the clear leader in Forrester's latest rankings of secure banking websites in the UK, and offers the most extensive online banking functionality out of UK's largest retail banks and building societies, according to a new report out today.

February 12, 2014 - Underscoring its commitment to deliver information security excellence, FIS™ (NYSE: FIS), the world's largest provider of banking and payments technology, announces its selection by Microsoft as a partner in the fight against cybercrime. The global companies signed a partnership agreement today at Microsoft's Cybercrime Enforcement Summit in Redmond, Wash.

February 4, 2014 - Today, the PCI Security Standards Council (PCI SSC), an open global forum for the development of payment card security standards, testified before the U.S. Senate Subcommittee on National Security and International Trade and Finance.

January 29, 2014 - Accuity, the global standard for payment efficiency and compliance solutions today announced the launch of their cybercrime watch list, powered by Veri-Site™. This solution is a proprietary, open source database that provides risk-relevant intelligence regarding rogue websites, IP theft, cybercrime, web-enabled transnational organized crime and sanctioned entities operating online. This new solution enables financial institutions and payment service providers to screen against high-risk entities that use the internet to conceal their true identity.

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