78 Results
Pat Carroll Founder/Executive Chairman at ValidSoft
2014 shocked us all into the reality that no institution or organization, no matter how big or sophisticated, was immune to being “hacked” or “breached”. Towards the end of the year, we were all numbed into submission and the shock factor resulting from the headlines that continued to dominate, was replaced with an uneasy bewilderment. Already thi...
27 January 2015 /security Information Security
By now, most participants in the US payments industry are finally about to realize that the day of the mag stripe is doomed and that EMV, the secure payment card technology rolled out in Europe nearly a decade ago, is finally about to make its debut in the US. Incredulous as it may seem, the financial integrity of the payment card industry continu...
28 October 2014 /payments Disruption in Retail Banking
Recently, I wrote a piece highlighting some of the startling data released on the true costs of fraud published in a report by Lexis Nexis. This report examined the costs of fraud across a number of dimensions including channel, payment method, merchant type and location, providing a great view on the true scope of the issues now confronting the p...
13 October 2014 /security /payments Innovation in Financial Services
“If only I would have known” is a phase that Jennifer Lawrence, Kate Upton and possibly as many as 100 celebrities and notable personalities are likely saying after a reported massive breach of Apple’s iCloud service resulted in the unauthorized access to, and release of, personal information and photos. While the FBI, dozens of security vendors an...
05 September 2014 /security /payments Information Security
Payment Services Directive 2.0, Why “PSD2” is A Much-Needed Step Towards Uniformity and Accountability in the European Payments Industry Rules and regulations serve many purposes, from ensuring that business activities are conducted consistently and fairly, to ensuring that providers and their customers are protected from harm, intentional or oth
18 August 2014 /payments /regulation Innovation in Financial Services
Remote Access Vulnerabilities and “Backoff” PoS Malware to Lead to Potential Next Wave of Target-Style Attacks this Holiday Season Data breaches, identity theft and stolen payment card credentials are the gifts that keep on giving (or taking, depending on your perspective), just ask any of the 100+ million consumers caught up in the wave of sec...
11 August 2014 /payments Innovation in Financial Services
The payments world is all abuzz about the potential of biometrics to solve many of the serious payment security issues we now face. Not only does biometric authentication – be it voice, iris or even Apple’s Touch ID finger print scanner - allow us the ability to finally kill or reduce the role of the dreaded and much maligned password, it opens up...
10 July 2014 /security /payments Innovation in Financial Services
No matter what part of the payment industry you’re in, earning and retaining your customer’s trust is paramount. In light of numerous data breaches and even government spying, companies the world over have to work harder than ever to earn their customer’s trust –especially when it comes to protecting their personal data and privacy. This fact was ...
13 June 2014 /security Innovation in Financial Services
In the ongoing game of one-upmanship between hackers and payment fraud prevention technology, new research presented at the 35th IEEE Symposium on Security and Privacy suggests that the fraudsters have yet another vector to utilize, exploiting new vulnerabilities within existing implementations of EMV/Chip and Pin. The new research suggests that c...
03 June 2014 /security Innovation in Financial Services
Recent developments at the European Parliament have proven to be a key milestone for the European Commission's data protection reform. Parliamentary support is now ensured for vital legislation which will mean individuals have much better control over their own personal data. The legislation is set to enable greater data protection and privacy for...
25 March 2014 /regulation Innovation in Financial Services
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