December 22 – The Conference of State Bank Supervisors (CSBS) has issued Cybersecurity 101: A Resource Guide for Bank Executives. The guide is a non-technical, easy-to-read resource on cybersecurity that community bank CEOs, senior executives and board members can use to help mitigate cybersecurity threats at their banks. The guide puts into one place industry-recognized standards and best practices for cybersecurity currently used within the financial services industry.
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December 11 – Increased security and reduction of in-person counterfeit card fraud are major drivers for the ongoing migration to EMV chip payments in the U.S. However, the advanced security processes going on behind the scenes of a chip transaction may be confusing for stakeholders new to the technology. The EMV Migration Forum simplifies one of the fundamental security features of chip transactions – the cryptogram – in a new video tutorial just released.
November 17 – According to the new Banking & Financial Services Cybersecurity: U.S. Market 2015-2020 report, published by Homeland Security Research Corp. (HSRC), the surge and sophistication of "successful” cyber-attacks against the U.S. major retail chains, banks & financial services enterprises during the past year, in which over 500 million customers’ bank records and payment cards have been compromised, urged the boardrooms of the U.S. financial institutions to take action.
November 3 – Elavon, a leading global payments provider and wholly owned subsidiary of U.S. Bancorp, has announced enhanced products for EMV readiness, security and support for Apple Pay.
October 28 – Businesses processing credit and debit payments can help protect themselves against new and evolving fraud threats by implementing EMV chip technology, tokenization and encryption security technologies in conjunction, the Smart Card Alliance Payments Council states in a recently released white paper.
October 28 – Genetec, a leading provider of unified IP security solutions, has announced that Cornhusker Bank in Lincoln, Nebraska, has revamped its security operations across all branches using Genetec Security Center, a unified security platform that blends video surveillance (Omnicast) and access control (Synergis).
October 28 – According to a just-published USA consumer survey by Phoenix Marketing International, the use of NFC in mobile phones is still facing an uphill battle to obtain market acceptance amongst phone users and will still very much remain a fringe payments platform in comparison to plastic payment cards.
October 20 – The National Retail Federation issued the following statement from President and CEO Matthew Shay, who was present for a White House announcement regarding data and payment security:
October 17 – CBA’s President and CEO Richard Hunt issued the following statement in response to the planned announcement by President Barack Obama on several steps related to data security and consumer financial transactions:
October 20 – ShopKeep, a cloud-based small-business technology provider, has announced that it is strengthening the security of its product with the release of an NFC for Apple Pay enabled card reader. This new card reader brings the latest advancement in US payment technology to thousands of merchants. It also provides merchants and consumers with an added layer of security because of the two-factor authentication needed for EMV smart card payments (chip and pin) and contactless payments, such as Apple Pay (biometrics and tokenization).