The theft of 4.5 million patient records from a Tennessee hospital chain should have banks worried about both fraud from identity theft and the security of their own networks, according to American Banker. Get the Full Story Complete the form to unlock this article and...
More than 1,000 merchants have been hit by the Backoff malware, given that it was “detected in October 2013 and was not recognized by antivirus software until August 2014,” according to a joint statement issued Friday (Aug. 22) by the U.S. Department of Homeland Security...
Visa and MasterCard will face class-action lawsuits over the questionable security of their payment cards in the wake of the massive 2013 Target payment-card breach, according to Law360. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
United Parcel Service said that 51 of its franchised UPS Stores suffered a payments-related data breach affecting about 105,000 payment transactions between January and August, according to the Wall Street Journal on Wednesday (Aug. 20). Get the Full Story Complete the form to unlock this...
In the wake of the payments-related data breach at the Supervalu grocery chain, the company has been hit with a class-action lawsuit, Bank Info Security reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Square will not require retailers to buy a new version of its Square Stand point-of-sale hardware for next year’s U.S. transition to supporting EMV “chip and PIN” cards, the company said in a blog post on Wednesday (Aug. 20). Get the Full Story Complete the...
“Breaches are pretty much a daily occurrence now,” says Jonathan Hancock, Director of Fraud Management Solutions for TSYS, “and consumers who haven’t been hit personally are numb to the news.” But here’s the great irony: When something does happen, consumers blame the retailer, but expect...
EMV is getting real in the US as consumers are now getting chip cards in the mail. But if it’s going to take many years before all merchants are able to accept chip cards and all consumers carry them, why not skip straight EMV and...
The number of jobs on banks’ anti-money laundering teams is up 54 percent in 2014 year-to-year in the U.K. following a string a scandal and heavy fines for British Banks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...