Security & Fraud

Fed Still Hasn’t Alerted 21.5M Data Breach Victims
July 16, 2015

In the two months since discovering that the sensitive personal information of 21.5 million Americans was compromised by a hack of U.S. federal computer networks, the government has yet to officially notify any of the victims, Reuters reported Tuesday (July 14). Get the Full Story Complete...

Alipay’s New Password System Triggers Security Concerns
July 16, 2015

A week has gone by since Alibaba affiliate Ant Financial released its updated Alipay mobile app, but recent feedback from Chinese customers has shown that there is still some work to do. Get the Full Story Complete the form to unlock this article and enjoy...

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Verifone: “EMV Is No Cure-All”
July 16, 2015

The payments industry is the midst of a sea change, with EMV looming and new regulations mandated by the third iteration of PCI DSS. But those guidelines and standards may not be enough, says Verifone’s Joe Majka. Here’s what security officers at firms large and...

Mobile Biometrics May Dominate mCommerce By 2020
July 16, 2015

The mobile biometrics industry could generate as much as $34.6 billion in annual revenue by 2020 and could disrupt the payment industry around the globe — chiefly through offering alternative means of both securing and processing mobile payments, Acuity Market Intelligence said Wednesday (July 15)....

Why United Airlines Gave Hackers Millions Of Frequent Flyer Miles (On Purpose)
July 16, 2015

If we were to tell you that today hackers are walking around with a few million frequent flyer miles care of United Airlines, your first thought might be that they had been the victims of a data breach at the hand of cybercriminals. Get the...

What’s Next In Identity Verification
July 16, 2015

If creating a “perfect identity” is the next big thing in payments and online transacting, what’s needed to make it more than a pipe dream? That’s what IDology and its identity verification platforms have been fine-tuning to enable. CEO John Dancu shares his thoughts on...

Jack Ma-Linked Company Under Investigation
July 15, 2015

Alibaba Founder Jack Ma has gotten his name tangled into another regulatory tussle. 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....

RedOwl Lands $17M To Advance Behavioral Analytics
July 14, 2015

RedOwl, a provider of insider risk management and security analytics, announced yesterday (July 13) that it secured $17 million in Series B funding, led by Allegis Capital. The funding round also included participation from Blackstone, as well as previous angel investors, bringing RedOwl’s total funding...

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Google Bets Big On Cybersecurity with $100M Investment
July 14, 2015

Cybersecurity company CrowdStrike announced the completion of a $100 million Series C funding round yesterday (July 13), led by Google Capital. Rackspace also participated in the round, along with existing investors Accel and Warburg Pincus, bringing the company’s total funding raised to $156 million. Get...