Fed to step-up focus on payment security with study, working groups: Fed's Powell

WASHINGTON (Reuters) – The U.S. Federal Reserve is stepping-up its focus on payment security as the industry reaches a “critical juncture” driven by new technologies, Federal Reserve board governor Jerome Powell said on Wednesday. Speaking at a conference in New York, Powell said the U.S. central bank would early next year launch a study analyzing […] Read more »

Fast-food runner Sonic's payment systems breached: KrebsOnSecurity

(Reuters) – U.S. fast-food chain operator Sonic Corp has acknowledged a breach affecting an unknown number of store payment systems, KrebsOnSecurity reported on Tuesday. The cyber security blog said that millions of credit and debit card numbers were being sold on underground exchanges. (bit.ly/2xve25F) Sonic could not be reached for comment and Reuters was not […] Read more »