by | Jan 4, 2016 | Data Breach, Fraud, Payments
According to the global 2015 Cost of Data Breach Study by the Ponemon Institute, the average total cost of a data breach for the participating companies increased 23 percent over the past two years to $3.79 million. Now breach costs are likely to rise further as banks...
by | Oct 13, 2015 | Compliance, Corporate Culture, Payments, Risk
Last week I outlined ideas on implementing appropriate best practices in structuring effective compliance programs. Leveraging program management disciplines can streamline the logistics of compliance management. However, process alone is not sufficient without the...
by | Sep 30, 2015 | Industry Verticals, Payments, PCI, Public Policy
Earlier this month, the U.S Secret Service, in collaboration with the Payment Card Industry (PCI) Security Standards Council, released a Joint Advisory Bulletin: Mobile Payment System Vulnerability. The advisory discuses the Growing Criminal Exploitation of...
by | Apr 30, 2015 | Payments, PCI
Every so often it’s useful to sit back and reexamine a subject from a 40,000 foot perspective. In the last six to eight weeks, three unrelated items have caused me to do just that as I think about security issues in the payments card arena, never an easy subject even...
by | Jan 30, 2015 | Payments, Tokenization
2014, on balance, was a very good year for progress in securing electronic retail payment transactions. Most importantly, many of the key payments stakeholders seemed to coalesce around the general understanding that three basic tools, EMV chip cards, payment...
by | Oct 30, 2014 | Industry Verticals, Payments
Apple Pay hit the streets with the release of IOS 8.1 the week of October 20th and at least at the physical point of sale, the mechanics largely seem to be working as planned. With the exception of about 1000 Bank of America customers who experienced quickly corrected...
