News

Security & Fraud
DHS Says SEC Computers Have Five Critical Cyber Security Weaknesses
September 22, 2017

It turns out even the Securities and Exchange Commission’s (SEC) computers aren’t super secure, even following a breach last year, according to a report in Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Security & Fraud
Equifax CEO To Explain Leak To Congress
September 22, 2017

Members of Congress are getting ready to grill Equifax CEO Richard Smith, who is set to testify about his company’s massive data breach that impacted as many as 143 million Americans. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Security & Fraud
Wells Fargo CEO To Appear Before Congress
September 22, 2017

Wells Fargo, the embattled bank, will have its Chief Executive Tim Sloan testify in front of Congress early next month. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Security & Fraud
SEC Reveals EDGAR Database Was Hacked
September 22, 2017

The U.S. Securities and Exchange Commission faced criticism Thursday (Sept. 21) over its cybersecurity practices and disclosures after it revealed its EDGAR database for corporate filings was hacked last year and could have been used for insider trading. Get the Full Story Complete the form...

Security & Fraud
FTC Fines Mobile App Pact For Charging Customers Who Met Exercise Goals
September 22, 2017

The Federal Trade Commission (FTC) announced Thursday (Sept. 21) it had settled with mobile app company Pact which promised cash incentives to consumers who committed to fitness and nutrition goals. Those incentive were never paid out by the health app, and consumers were instead billed...

Security & Fraud
CTFC Cracks Down On Alleged Bitcoin Ponzi Scheme
September 22, 2017

The U.S. Commodity Futures Trading Commission announced it has filed civil fraud charges against a New York man and his company over an alleged bitcoin investment scheme. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Digital Banking
ECB Could Require Fintechs To Have More Liquidity, Capital Buffers
September 22, 2017

The European Central Bank (ECB) may start requiring bank startups that want to enter the FinTech zone to have more liquidity and capital buffers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Security & Fraud
Banks Pressure Equifax To Get Its Act Together
September 22, 2017

Financial services firms, it seems, are running out of patience with Equifax. 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 daily newsletter, PYMNTS Today. By...

B2B Payments
Equifax Hit With Small Business Class Action Suit
September 22, 2017

Equifax, which is enduring the fallback from the latest major cybersecurity breach to rock the U.S. market, now has to face up to small businesses (SMBs) affected by the event. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...