Security & Fraud

Breach Bill Still Too Weak, Consumer Groups Say
April 17, 2015

With the Data Security and Breach Notification Act headed to the floor of the U.S. House of Representatives for a full vote, some digital rights and privacy groups say the bill should be at least as strong as the state breach-notification laws it will replace...

Banorte Taps CA Technologies To Battle Fraud
April 16, 2015

The largest Mexican-controlled bank has turned to CA Technologies to strengthen its fraud prevention operations. 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,...

Measuring The Speed Of Theft
April 16, 2015

So how fast does stolen data travel? This is not the set-up for a poorly conceived joke – instead it is the subject of a new experiment created by tech security firm Bitglass. Get the Full Story Complete the form to unlock this article and enjoy...

Data Breach Notification Legislation Moves Forward
April 16, 2015

The controversial data breach notification legislation made its way past the committee level yesterday (April 15) when the House Energy and Commerce Committee approved the measure 29-20. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

CFPB Moves To Clean Up Credit Card Agreement Data
April 16, 2015

The CFPB has taken the next steps toward enhancing the credit card agreement submission process in terms of how companies submit with the bureau, the organization announced yesterday (April 15). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

MasterCard To Settle With Target Over Breach
April 15, 2015

After what was reportedly months of negotiations, it seems Target and MasterCard are narrowing down on a settlement that will see financial institutions reimbursed to the tune of around $20 million. The settlement is intended to reimburse FIs for the costs incurred as a result...

US Commerce Secretary: Cybersecurity Concerns Can’t Trump Trade
April 15, 2015

While on a visit to China yesterday (April 14), U.S. Secretary of Commerce Penny Pritzker said cybersecurity measures must be addressed outside of trade regulation agreements, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

News
Massive Cyberattacks Still Use Same Old Tricks
April 15, 2015

Did it seem like 2014 saw an unprecedented surge in cyberattacks and breaches, with a whole array of new attacks? That simply isn’t the case, according to the 2015 Verizon Data Breach Investigations Report, which Verizon Enterprise released on Tuesday (April 14). Get the Full...

UK Banks May Be Underreporting Cyber Fraud
April 15, 2015

Roughly 80 percent of online crime in the U.K. goes unreported, and only about 4 percent gets an adequate police response –in part because banks would rather close their eyes to the problem, City of London Police Commissioner Adrian Leppard has confirmed. Get the Full...