Security & Fraud

NY Bank Regulator Alerts Bank Of Breach
March 09, 2015

New York’s top banking regulator, Benjamin Lawsky, has taken the unusual step of issuing an alert after a laptop containing bank customer data was stolen from a banker’s car in January. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Why Apple’s Fraud Problem Is Bigger Than Apple
March 06, 2015

There’s an old saying, taken from a story in the Old Testament, that goes something like this – “Be ever cautious, every rich man’s house has a servant’s entrance.” The saying is meant as a warning to never feel too secure. Get the Full Story...

How Apple Is Being Haunted By The Ghosts Of Previous Data Breaches
March 06, 2015

The headlines for Apple have been rough this week, following a report from a researcher at Drop Labs that indicated that fraud is running “rampant” on Apple Pay. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

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ICBA Allocates $600K For EMV Adoption
March 06, 2015

Community banks are about to get a little help with their transition to EMV chip cards — at least if they use payment services from the Independent Community Bankers of America’s ICBA Bancard subsidiary. The organization said this week it has pledged $600,000 to support...

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JPMC Just Squeaks By Fed’s Stress Test
March 06, 2015

JPMorgan Chase, which has been fighting to keep from getting smaller in the face of new capital requirements, passed the first round of the Federal Reserve’s 2015 stress tests — but it finished in the bottom 5 among the 31 big banks tested, according to...

Apple Patent Gives Peek Into Apple Pay Tech
March 06, 2015

An Apple patent application made public this week may hold some clues as to how Apple Pay will work in the future, not just with the iPhone and iPad, but also with the Apple Watch and other wearables. Get the Full Story Complete the form...

Mandarin Oriental Hotels Hit With A Breach
March 05, 2015

The Mandarin Oriental Group, proprietor of the eponymous hotels, seems to be the latest victim of an attack by cybercriminals. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

California Eyeing Bitcoin Business Licenses
March 05, 2015

California’s legislature is considering a license for Bitcoin exchanges that would require maintaining bank-style reserves against possible losses, CoinDesk reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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UK Banks Face Authentication Security Flaw
March 05, 2015

Several large U.K. banks may be at risk because of a security hole in their two-factor authentication systems, and regulators aren’t acting to deal with the problem, a security research company has revealed. Get the Full Story Complete the form to unlock this article and...