Security & Fraud

Security & Fraud
AIG Predicts Cyber Insurance From Firms In Greater China Will Skyrocket
August 10, 2017

American International Group (AIG), the insurance company based in the U.S., predicted the number of cyber insurance policies will skyrocket from Chinese companies and in other parts of Asia due to the WannaCry ransomware attack that wrecked havoc on companies around the globe a few...

Security & Fraud
New Standards For Authenticating Digital Identity
August 10, 2017

Fraud is constantly evolving, so why shouldn’t digital identity protection? The National Institute of Standards and Technology recently updated its Digital Identity Guidelines, to include authentication — and the scope goes well beyond passwords. PYMNTS’ Karen Webster checks in with Sunil Madhu, chief executive officer of...

Security & Fraud
BoA Testing Samsung Iris Tech For Authentication
August 09, 2017

Bank of America is reportedly launching a pilot of Samsung Electronics technology that will enable customers to access the mobile banking app via a photo of their eye. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Security & Fraud
Your P@$$w0rd Is Bad – Here’s Why
August 09, 2017

Your clever password, dotted with capital letters, numbers and symbols isn’t so clever after all. The man who wrote the book on crafting uncrackable passwords now tells the Wall Street Journal that he was all wrong: short and goofy-looking isn’t the key to better security....

Security & Fraud
California To Look Into Auto Insurance Allegations At Wells Fargo
August 09, 2017

The state of California is gearing up to investigate allegations that Wells Fargo and National General Insurance sold residents insurance they didn’t need. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Security & Fraud
Coding Error To Blame In Breaches At Commonwealth Bank?
August 08, 2017

In regards to the Commonwealth Bank breaches — might it all have been due to coding errors? 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...

Security & Fraud
FTC Charges 12 With Laundering Millions In Credit Card Charges
August 08, 2017

The Federal Trade Commission (FTC) announced news on Monday (Aug. 7) that it charged twelve people with money laundering millions of dollars in credit card charges via fraudulent merchant accounts. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Security & Fraud
Samsung’s Heir Lee Could Face Twelve Years In Prison
August 08, 2017

Samsung’s heir, Lee Jae-yong, is facing recommendations from South Korean prosecutors that he serve a jail term of twelve years. 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
UK Regulators Crack Down On Car Hacking
August 07, 2017

The U.K. government released new regulation guidelines on Sunday (August 6) that call on makers of internet-connected cars and trucks to place more stringent cybersecurity protections in the vehicles to prevent against hackers. Get the Full Story Complete the form to unlock this article and...