Yahoo, which is reeling from a massive data breach, is reportedly facing a class-action lawsuit over it. 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 to our...
It’s been a year since the EMV card reader deadline. Now, the big card companies — Visa, Mastercard, American Express and others — are all facing a class-action lawsuit brought by retailers over the new chip readers. Get the Full Story Complete the form to...
Bluefin Payment Systems, the provider of PCI-validated point-to-point encryption (P2PE) solutions for retail, health care and higher education, announced on Tuesday (Oct. 4) the issuance of patent #9,461,973 by the United States Patent & Trademark Office on systems and methods for Decryption-as-a-Service (DaaS). The patent encompasses...
Long ago, a cartoon ran in The New Yorker, showing a canine seated at a desktop computer. “On the internet,” ran the caption, “nobody knows you’re a dog.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Democratic U.S. presidential candidate Hillary Clinton promised that Wells Fargo will be held accountable for its recent scandal and what she described as the bank’s “egregious corporate behavior.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
It looks like the conventional wisdom of the last few years — that big hacks lead to big waves of customer defections — is turning out to be less right that one might assume. Get the Full Story Complete the form to unlock this article and enjoy...
Hackers who steal money from corporate banks often use so-called “money mules,” people willing or tricked into withdrawing funds in cash and wiring the money to the bad guys, but according to Krebs on Security, the mules are increasingly being told to remit the money...
A 53-year-old businessman has been charged with fraud targeting Puerto Rico’s second-largest commercial bank, Westernbank. The bank subsequently failed, showing losses connected to the fraud of $140 million. Westernbank was taken over by the Federal Deposit Insurance Corporation.
Yahoo’s data breach seemed the last gasp for Yahoo. But the company’s legacy lives on. Because the breach in 2014 was so large and it is not clear when the company was aware of the attack or whether authorities should have been informed earlier, the...
