Tennessee firm blames bank for $193K cybertheft
A lawsuit filed in Tennessee earlier this month has resurfaced questions about a bank's responsibility in protecting customers against cyberheists.
Jaikumar Vijayan | 14 Aug | Read more
A lawsuit filed in Tennessee earlier this month has resurfaced questions about a bank's responsibility in protecting customers against cyberheists.
Jaikumar Vijayan | 14 Aug | Read more
Industry efforts to shore up payment card security after the massive data breach at Target appear to be devolving into a battle over chip vs. PIN technology between retailers and credit card companies.
Jaikumar Vijayan | 27 Mar | Read more
A senior executive from Visa Inc. dismissed concerns over the manner in which the Europay MasterCard Visa (EMV) chip card standard is being implemented in the U.S. and insisted the move will yield significant security benefits for retailers, consumers and banks.
Jaikumar Vijayan | 18 Feb | Read more
A group representing 22 of the world's largest banks is pushing for broad adoption in the U.S. of payment card technology called tokenization, citing shortcomings in the planned migration to the Europay MasterCard Visa smartcard standard over the next two years.
Jaikumar Vijayan | 12 Feb | Read more
Nasdaq's unprecedented trading halt today stemmed from a technical glitch with a core data feed that disseminates market data for Nasdaq-listed securities.
Jaikumar Vijayan | 22 Aug | Read more
Cyber exercises, like the Quantum Dawn 2 drill carried out by dozens of Wall Street firms this week, can be useful in helping financial firms close critical gaps in their incident response capabilities, analysts said.
Jaikumar Vijayan | 19 Jul | Read more
Even as several states have put in place, or are proposing new laws barring employers from monitoring the social media activities of their employees, one Wall Street regulator is seeking exemptions to such rules for some financial services companies.
Jaikumar Vijayan | 23 Apr | Read more
Specialty retailer Genesco faces an uphill battle in its precedent-setting US$13.3 million lawsuit against Visa USA, a Garner analyst said.
Jaikumar Vijayan | 15 Mar | Read more
Though U.S. officials blamed Iran for an ongoing stream of distributed denial of service attacks against major U.S. banks, security experts say there's not enough evidence yet to assign blame.
Jaikumar Vijayan | 11 Jan | Read more
A Maine construction company that sued its bank after losing $345,000 in an online banking heist settled its dispute after a protracted legal battle that raised questions about a bank's responsibility in protecting customer accounts against cyber fraud.
Jaikumar Vijayan | 27 Nov | Read more