Big Retailers fight Big Banks over Target-esque cyber liability

Well, Target’s December 2013 data breach is turning out to be historic. The largest ever in number of affected customers? Check. The widest ever in exposure of cardholder and personal data? Check. The costliest ever in cyber liability and brand damage? Check, no doubt. It’s the cost that terrifies the retail and bank industries. Neither […]

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Expanded Apple Touch ID payments can succeed – but should they?

Apple’s strategy for mobile payments is becoming clearer – the convenience of Touch ID payments for any and every purchase.  The Wall Street Journal has a good piece on it. Now Sebastien Taveau, a FIDO Alliance expert and founding board member, has weighed in on Apple’s Touch ID payments.  He damns Apple’s biometric security vision with […]

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Target reports data breach, affects 40 million cardholders

Well, it’s not a good day to be a Target customer – or Target shareholder, for that matter.  The retailer has reported that 40 million customers who shopped at the company’s brick-and-mortar stores during Thanksgiving 2013 to December 15 had their payment card information stolen. Since we’re talking about Point of Sale (POS) fraud that […]

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NFC contactless payments aren’t secure…this is news?

EMV (Europay-MasterCard-Visa) payment cards are a tried-and-true solution for combatting card present or point of sale fraud.  The embedded microprocessor chip encrypts transaction data differently for each purchase.  Optional use of a PIN code to complete transactions offers even more security, combining Something You Have with Something You Know to achieve two-factor authentication. So what’s […]

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