Security & Fraud

News
Gemalto’s Big $890 Buy
August 11, 2014

Amsterdam-based Gemalto has moved to improve and expand its data security protection offerings through the acquisition of Maryland-based SafeNet. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...

News
PayPal Comments On Two-Factor Authentication Breach
August 11, 2014

In an ideal security world (an oxymoron, admittedly), vendors do not confirm or even acknowledge security holes until they have been fixed. Why encourage the bad guys any more than is necessary? Indeed, the hole that exists after a bug has been discovered and publicized...

News
Smile! You’re On Stupid Payment Thief Camera
August 08, 2014

One of the challenges for payment card security professionals is that, very often, these thieves are professionals who are highly trained, have substantial operating budgets and are very intelligent. This is not a story about one of them. This is a story about a woman...

News
Visa To Help Gas Stations Crack Down On Fraud
August 08, 2014

Visa wants to help fuel dealers combat fraud at self-service fuel pumps through the power of analytics data. With Visa Transaction Advisor (VTA), merchants can access risk scores in realtime and identify those that may be coming care of stolen, lost or counterfeit cards.  According...

News
Facebook Buys Web Security Firm PrivateCore
August 08, 2014

In what some are taking as yet another sign that Facebook is preparing to make a big e-commerce push, Facebook has announced it has acquired Palo Alto-based secure server tech company PrivateCore, a Palo Alto-based secure server technology company. Facebook plans to incorporate PrivateCore’s technology...

Cool
A Tale of Two Fraud Stats
August 08, 2014

As PYMNTS.comreported recently, the Federal Reserve for the first time in its triennial payments study collected data related to payments fraud. It recently published the full report, a 192-page document loaded with data. What the discussion on fraud in the full report suggests is: Why...

Company Spotlight
TSYS: How Card Issuers Can Address Consumer Security Concerns
August 08, 2014

TSYS published a white paper yesterday titled "Opportunity Knocks: How Card Issuers Can Address Consumers' Concerns Around Payment Security," following the results of the 2014 TSYS Consumer Awareness Data Security Study, according to a company release. The report examines how consumers' sentiments are changing around...

Mobile Commerce
Mobile Wallet Meets Social Media Identity Theft
August 07, 2014

It comes as no surprise that people tend to share a lot—far too much, most likely—on social media. But one company is flagging that when consumers combine mobile wallets with a very sharing-oriented social persona, identity theft problems are inevitable. Get the Full Story Complete...

Controversial
By The Numbers: Malware Fraud Heavy, And Rising
August 07, 2014

Financial institutions are well aware of the heightened threat they face from targeted attacks and malicious software campaigns. A new report from Kaspersky Lab puts that reality into numbers, with second-quarter increases in online banking threats and mobile malware. Get the Full Story Complete the...