Stories about: Visa

A lack of financial penalties and a mandate to publicly admit data breaches may be clouding the real state of credit card payment and security in Australia, according to a senior executive from the Payment Card Industry Security Standards Council.

A Gartner Inc. analyst is urging companies that do business with Heartland Payment Systems Inc. and RBS WorldPay Inc. not to switch to other payment processors just because of Visa Inc.'s decision this month to remove Heartland and RBS WorldPay from its list of service providers that are compliant with the PCI data security rules.

Acknowledging the need for controls that go beyond those offered by the Payment Card Industry (PCI) Data Security Standard, a senior Visa executive Thursday described two new initiatives to reduce payment card fraud being tested by the company.

Visa's top risk management executive Thursday dismissed what she described as "recent rumblings" about the possible demise of the PCI data security rules as "premature" and "dangerous" to long-term efforts to ensure that credit and debit card data is secure.

Days after Visa seemingly confirmed that a data breach had taken place at a third payment processor, following on the recent breach disclosures by Heartland Payment Systems and RBS WorldPay, the credit card company is now saying that there was no new security incident after all.

Think you can guess the No. 1 threat to the security of your stored data? If you said hackers, or even trouble-making insiders, you'd be wrong. While malicious threats are an ongoing concern, it's your well-meaning employees who are more likely to unknowingly expose your company's stored data through, say, a file-sharing network or a misplaced laptop.

Swedish police are unraveling a scheme where criminals stole credit card details by tampering with a point-of-sale (POS) terminals at a Toys R Us store in Malmö.

Stein Bagger, the Danish IT executive who turned himself in to Los Angeles police on Saturday and confessed to being wanted by Interpol, is being held by U.S. immigration officials and will be sent back to Denmark to face charges.

IBM, LexisNexis and the Secret Service are among a group of corporations, government agencies and academic institutions that has formed to study and help solve identity management challenges around cybercrime, terrorism and narcotics trafficking.

Nearly seven years after 9/11, information-sharing problems that hobble law enforcement are just beginning to be solved.