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Financial IT - News, Features, and Slideshows
A lawsuit filed in Tennessee earlier this month has resurfaced questions about a bank's responsibility in protecting customers against cyberheists.
A coalition of retail industry trade groups this week called for the creation of an open tokenization standard for protecting credit and debit card data from theft and misuse.
Visa announced a new simplified digital payment service called Visa Checkout, which is designed to allow customers to pay quickly for goods online on any connected device.
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.
Some financial services companies are looking to migrate their ATM fleets from Windows to Linux in a bid to have better control over hardware and software upgrade cycles.
More than six out of 10 ATM machines in the country will be running on an obsolete operating system when Microsoft pulls the plug on Windows XP on April 8, raising serious security and compliance issues for the systems' operators.
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.
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.
Nasdaq's unprecedented trading halt today stemmed from a technical glitch with a core data feed that disseminates market data for Nasdaq-listed securities.
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.
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.
Specialty retailer Genesco faces an uphill battle in its precedent-setting US$13.3 million lawsuit against Visa USA, a Garner analyst said.
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.
Citigroup is cutting 11,000 jobs, many in IT, as part of a restructuring announced Wednesday.
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.
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