Security & Fraud

The White House Breach and Payments’ Wake Up Call
April 13, 2015

When the history of cybersecurity in the digital age is written, it may be possible that the extreme and detailed coverage of Hillary Clinton’s use of personal email to transact State Department business will go down as one of the great examples of burying the...

China Accused Of Running 10-Year Ring Of Cyber Espionage
April 13, 2015

A new report from security firm FireEye released yesterday (April 12) accuses the Chinese government of having involvement in a decade-long cyber espionage operation aimed at attacking government agencies, corporations and journalists in India and across Southeast Asia. Get the Full Story Complete the form...

News
GE Sets Timetable To Get Out Of Banking Business
April 13, 2015

GE Capital will sell off about $275 billion in assets over the next two years in an effort to get rid of its designation as a Systemically Important Financial Institution (SIFI), GE announced on Friday (April 10). Get the Full Story Complete the form to...

Hotel Management Company Becomes Repeat Breach Victim
April 13, 2015

A hotel management group has confirmed payment-card breaches in 10 of its hotels, just months before the affected point-of-sale (POS) systems were scheduled to be converted to tokenization — which might have blocked the breaches. Get the Full Story Complete the form to unlock this...

News
Time To Ditch Cash? Citi Economist Says ‘Yes’
April 13, 2015

Citi Chief Economist Willem Buiter is arguing that cash should be outlawed, so central banks will be able to reduce interest rates below zero in times of crisis, according to Bloomberg News. Get the Full Story Complete the form to unlock this article and enjoy...

Coinbase Hacked Via SendGrid
April 10, 2015

SendGrid, a mass email service used by big name firms like Uber, Spotify and Pinterest (among 180,000 other companies), seems to be the means hackers used to go after bitcoin exchange Coinbase. Get the Full Story Complete the form to unlock this article and enjoy...

Amazon Lawsuit Targets Fake Reviews
April 10, 2015

First Alibaba, now Amazon. It seems that for eCommerce leaders, monitoring fraudulent behavior is just one of the tasks that comes with the territory. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

News
Dimon: JPMorgan “Aggressive” On Expanding Payments Business
April 10, 2015

JPMorgan Chase CEO Jamie Dimon kept up his critical tone toward regulators and their potential role in preventing the next financial crisis in his annual letter to shareholders sent April 8. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Mobile Commerce
Stopping $6.4 Billion Worth Of Post-EMV Fraud
April 10, 2015

By 2018, card fraud is expected to more than double, reaching $6.4 billion. As the U.S. migrates to EMV, CNP fraud in particular is expected to not shockingly spike with fraudsters turning to new channels. Tackling CNP fraud, however, is particularly tricky – the underlying...