Security & Fraud

Security & Fraud
Lumber Liquidators Hit With $13.5M Fine In Importing Scandal
February 03, 2016

While foodies have grown a conscience in the 2010s and started caring about each stop on the food chain their meals come from, the same can’t quite be said for wholesale lumber customers. However, the Department of Justice has been keeping an eye out nonetheless....

Security & Fraud
TalkTalk Shares Costs Of Massive Payments Breach
February 03, 2016

Just months after British broadband provider TalkTalk suffered what has been regarded as one of Britain’s biggest online security breaches, the company has confirmed that the “significant and sustained” cyberattack caused it to lose up to 101,000 customers and cost it up to £60m (roughly...

Banks’ Big Security Threats? Tellers With Too Much Data
February 02, 2016

With all the talk about cybersecurity, technology investments and what threats banks must worry about, there’s one key aspect that may be being overlooked. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Security & Fraud
Fed’s $6B Security System Not Up To Snuff
February 02, 2016

A secret audit by the Government Accountability Office (GAO), which released a public version of its findings last week, found that a federal security system worth nearly $6 billion is not doing its job of blocking hackers from accessing agency computers, Re/code reported Monday (Feb....

Security & Fraud
FireEye Bulks Up With Another Acquisition
February 02, 2016

Invotas International Corp. has a new owner just a few months after being spun off from CSG Systems International Inc. late last year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Security & Fraud
MasterCard Adds Cybersecurity-Focused Exec To Ranks
February 02, 2016

MasterCard took another step in securing its cybersecurity-focused plans when it announced the appointment of Alexander N.M. Niejelow as its senior VP of public policy, starting Feb. 8. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Security & Fraud
Landry’s Defines Payments Breach Scope
February 02, 2016

In Las Vegas, the house always wins. But in the seedy underbelly of the Internet, there’s nothing casinos can do when lax cybersecurity policies leave backdoors wide open to hackers and about the liability that follows. Get the Full Story Complete the form to unlock this...

Security & Fraud
Inside JPMorgan’s Half-Billion Dollar Cybersecurity Bet
February 01, 2016

Back in August we learned that JPMorgan Chase had plans to double its cybersecurity spending budget to about $500 million by 2016. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Justice Served To Payment Card-Stealing Malware Creator
February 01, 2016

The co-creator of a malicious malware that was used to steal payment card data and passwords from millions of computers worldwide was sentenced to five years’ probation on Friday (Jan. 29), Reuters reported. Get the Full Story Complete the form to unlock this article and...