U.S. providers should be “on alert” for an increase in payments fraud experts warn. The European Union’s (EU’s) new Payment Services Directive (PSD2) raises the bar for security and may cause cybercriminals to focus on targets in this country.
Payment Card Industry
In brief: With fraud getting more expensive, startups are taking a new look at ways to shore up the security of ATM networks and other card transactions – cards are optional.
In-brief: Starwood Hotels said on Friday that it was the victim of a malicious software infection on point of sale (POS) systems at restaurants, just the latest in a string of high profile hotel chains to admit that it was the victim of a cyber attack involving compromises of point of sale systems and the theft of customer data.
In-brief: Efforts to secure the Internet of Things will be challenged both by a backlog of old software and hardware, and by the rapid pace of technology evolution, experts warned at the recent Security of Things Forum in Cambridge, MA.
In-brief: According to data from Experian, fewer than one in ten consumers who have had personal information exposed in a major data breach take advantage of credit monitoring services offered by the company responsible for the breach – evidence of what the company says is data breach fatigue.