Third-party risks have been in the spotlight since the Target Corp. breach. Banking institutions are on edge about how they should be addressing those risks. The Fed has been gathering data about how emerging payments are impacting fraud. As the 2015 liability shift date for card fraud set by Visa and MasterCard looms, banks and retailers have equal incentives to ensure end-to-end security. The liability shift also is expected to be an incentive for merchants and banks to jump on the EMV bandwagon. The onus is now on banks to educate their customers about emerging card fraud risks.”]
Source: https://www.cuinfosecurity.com/blogs/third-party-risks-focus-at-chicago-summit-p-1665