International banks and other global private entities need to ensure that they do more than pay lip service to the data privacy laws of sovereign states, writes Andrew Waxman of IBM's consulting practice.
By Bob Russo, PCI Security Standards Council | February 05, 2014
The challenge of keeping data safe can’t be solved by a single technology, standard, mandate, or regulation. The PCI Security Standards Council is an example of the industry collaboration that is needed today.
Spear-phishing -- where emails lure readers or customers of trusted institutions to compromised websites -- has become one of the main tools fraudsters use to compromise endpoints inside financial institutions.
Customers are willing to switch banks if offered assurances on the security of their accounts and data, but nearly a third of customers think their bank doesn’t have a process for dealing with fraud cases, a new Infosys study found.