Cyber spies working for or on behalf of the Chinese government have increased cyberattacks against official and corporate targets in Vietnam. The attacks come at a time of increased tension over the South China Sea. Cybersecurity company FireEye told Reuters that the cyberattacks came in...
A spambot computer program, which collects email addresses to send out spam messages to consumers, has exposed 711 million email addresses and a number of passwords. NBC News reported that the data breach occurred because spammers neglected to secure their servers, allowing the information to...
Think you automatically qualify for an automatic refund when you’re a victim of bank fraud? Think again. You’d better take “duty of care,” at least with RBS. CNBC reports news that RBS CEO Ross McEwan told The Daily Mail that banks may not always need to...
Digital Shadows, the industry leader in digital risk management, revealed its findings on the changing habits and tactics of organized credit card fraud gangs, discovering a new trend in the form of remote learning “schools.” According to a press release, these schools — available to...
As FedEx Corp.’s TNT unit is still working to fulfill deliveries and catch up on some transactions by hand, the company said its information systems may never fully recover from a June cyberattack that is also expected to affect its earnings. According to Bloomberg Technology,...
Honda Motor Co. had to stop production at a domestic vehicle plant in Japan for a day after finding the WannaCry ransomware in its computer network. According to Reuters, the automaker shut production on Monday (June 19) at its Sayama plant, northwest of Tokyo, which...
Following the recent worldwide ransomware attack, counterterrorism and cybersecurity expert Richard Clarke says the first thing to do is learn from mistakes. Clarke recently spoke with PYMNTS' Karen Webster about what banks and other companies involved in digital commerce can do to avoid the fallout...
Tax season is a busy time for cybercriminals, with consumers’ personal data being sold online so thieves can file fraudulent tax returns and cash in on refunds. According to Bloomberg News, experts recently found bulk sales of W-2 forms on the dark web after a scammer had...
While retailers of late have worked hard to broaden the range of experiences they offer, there are some things that no reasonable person would expect merchants to do. The general expectation is that retailers will be experts in selling goods — and hopefully experts on...
