The U.S. Department of Justice has brought federal charges against three people who have been accused of being the masterminds behind a cyber fraud ring in connection to a case that involves a billion stolen email addresses, Reuters reported. Get the Full Story Complete the...
As the Federal Trade Commission looks to work with the White House to tighten data security laws, consumer protection officials have been both proponents and critics of the Consumer Privacy Bill that was released last month from the White House. Get the Full Story Complete...
Cybercrime is on the rise, as are its associated fraud rings that are now more immune than ever to the multitude of fraud prevention tactics out there. But is there a way to fight the criminals’ intelligence with even more sophisticated intelligence? Ken Jochims, Director...
Ross Ulbricht, the convicted creator of the Silk Road online drug bazaar, is set to be sentenced in May, but his lawyer has filed a motion in New York federal court requesting a retrial, CryptoCoinsNews reported. Get the Full Story Complete the form to unlock...
South Korea has officially cut off the use of magnetic-stripe payment cards for getting cash at ATMs, according to English-language newspaper, The Korea Herald. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Another point-of-sale vendor has been hit by cyberthieves. NEXTEP Systems has confirmed that a breach exposed payment card data for cards used at the Zoup restaurant chain, which uses POS devices from NEXTEP, Krebs on Security reported. Get the Full Story Complete the form to...
A consumer-issues strategy group is pushing card-issuing U.S. banks to support PINs when they issue new EMV chip cards this year, and not just the chip-and-signature approach that Visa and MasterCard are allowing them to use, Finextra reported on Monday (March 9). Get the Full...
[table id=32 /] 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...
Biometric technology is becoming increasingly used in the payments and commerce space, and with its ability to play a role in possibly reducing fraud, it’s likely to continue gaining popularity. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
