Security & Fraud

News
Home Depot Still Repairing Data Breach Costs
May 20, 2015

Like Target, Home Depot knows all too well that the true cost of a payments data breach won’t be known until long after the dust from the cyberattack settles. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Debit Card Data Theft Via ATM On The Rise
May 20, 2015

Just as merchants are cracking down at the point of sale, data thieves are finding a new target from which to skim debit card data – the ATM. Between January and April of this year alone, the number of assaults on consumer debit launched through...

PayPal To Pay CFPB-Imposed Fine Of $25M For Deceptive Credit Accusations
May 20, 2015

Following an order from the Consumer Financial Protection Bureau announced Tuesday (May 19), PayPal has agreed to pay the imposed fine of $25 million related to deceptive credit accusations from the agency. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Google, Apple Urge Data Protection In White House Letter
May 20, 2015

Some of the world’s largest technology conglomerates, including Apple and Google, are joining forces to encourage the White House to get tough on data encryption. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Alibaba Turns QR Codes Visual To Fight Fake Goods
May 19, 2015

When Alibaba invested in Israeli QR code developer Visualead in January, it was obvious that Alibaba was going to integrate some sort of QR codes into its products — but it wasn’t quite clear how. Get the Full Story Complete the form to unlock this article and...

What’s Next, This Week
May 18, 2015

Uncle. 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 this form, you agree to receive marketing communications from PYMNTS...

News
How To Stop Account Takeovers
May 15, 2015

Account takeover fraud costs total to almost $5 billion, with fraud activity rising by 70 percent in the past two years, says a recent study by Javelin Research. But now, simplify authenticating a customer is no longer an up to par method to prevent these...

News
Banks Making Some Progress On Disclosures – But Not Enough
May 15, 2015

Big U.S. banks are making improvements in how they disclose information to their checking account customers, how much detail they give and also how they resolve disputes – but the efforts are not enough, according to a new Pew Charitable Trusts report unveiled Tuesday (May...

Europe
Russian Hackers Gearing Up Wave Of International iBank Attacks
May 15, 2015

According to the experts at root9B – a cybersecurity firm populated by former State Department and Defense Department workers – an alleged Russian cybercrime gang is gearing up for a major attack on U.S. banking institutions. The group has been known under such names as...