How will Diane Ness and BITS help banks reduce fraud? As the new head of fraud-reduction programs for the technology division of the Financial Services Roundtable, Ness says education and communication about emerging threats will be a priority.
To expose security flaws in Iran's banking system, one hacker took an extreme step: He stole details on 3 million debit accounts. One fraud expert warns that similar hacktivist attacks are likely worldwide.
The cost of a data breach is down, say the latest Ponemon Institute study. But as the Global Payments breach shows, organizations still have many reasons to be concerned, says researcher Larry Ponemon.