Security & Fraud

PayPal iPhone App Adds Touch ID
May 28, 2015

PayPal is making a move beyond the password of iOS users. 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 completing...

Skipping Out on the EMV Deadline
May 28, 2015

With the deadline for the EMV liability shift mandate looming ever closer, the simple fact is that a majority of U.S. merchants aren’t going to meet it. Whether that’s unintentional or deliberate, they will all face the same consequences. PYMNTS recently caught up with Chris...

CFPB Debt Collection Regulation Delayed
May 27, 2015

The banking, lending, and debt collection industries will have to wait a bit longer than expected for the Consumer Financial Protection Bureau’s (CFPB) progress on the debt collection rulemaking. This is the second delay since the U.S. government independent agency launched its advanced notice of...

IRS Breach Exposes Household Data
May 27, 2015

The data from tax returns for roughly 100,000 households was stolen by cybercriminals who used the IRS’s online services to hack the database, the IRS said yesterday (May 26). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Fraud Prevention: What’s A Merchant To Do?
May 27, 2015

To call an account takeover an “inconvenience” would be an understatement. But the fact is, the eCommerce industry is faced with the challenge of balancing the prevention of that very serious and potentially greatly harmful crime with something that is simply a matter of convenience:...

Bluetooth’s Not-So-Smart Tech Security Flaws
May 26, 2015

Bluetooth Low Energy (BLE) is at the center of cybersecurity attention, raising concerns about privacy and confidentiality. Context, a specialized consultancy, proved that BLE signals transmitted by many mobile phones, wearable devices and iBeacons, including the iPhone and leading fitness monitors, could be easily recorded...

MasterCard’s Target Breach Settlement Halted
May 26, 2015

The news that Target and MasterCard both failed to reach the required approval thresholds for the $19 million settlement tied to security breaches set off a flurry of press releases from the companies and interested parties last week. Get the Full Story Complete the form...

International
US Investigating UK Uber Payment Breach
May 26, 2015

Some British customers of Uber’s ridesharing app have claimed that money has been taken from accounts for rides they never took – a claim that has spurred U.S. authorities to look into how those users have been charged by the service. Get the Full Story...

International
Inside NSA’s Plans To Hack Smartphone App Stores
May 26, 2015

The National Security Agency, along with several U.S. allies, developed a covert plan to hack smartphones using Samsung and Google apps. The intelligence efforts – which sought to infect those apps with spyware in an effort to monitor and “misinform” targets – were disclosed Thursday...