Security & Fraud

How Much Did The Target, Home Depot Breaches Really Cost?
February 26, 2015

2014 was the year of breaches for Target and Home Depot. 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...

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Majority Of Breaches Caught By Outside Source
February 26, 2015

When cyberthieves attack, it takes months for anyone in the victimized organization to spot the breach — and increasingly, that doesn’t happen until law enforcement, banks or other outsiders flag an apparent problem, according to a new report by security company Mandiant. Get the Full...

Mobile
NY Regulators Target Money Laundering
February 26, 2015

New York bank regulators are considering massive programs to audit large banks’ cybersecurity and anti-money-laundering (AML) systems, The Wall Street Journal reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Anthem Breach Put 8.8 Million Non-Customers’ Data At Risk
February 25, 2015

Following the announcement earlier this month of a massive cyberattack, Anthem has more good news to share with the American public today.  While most companies breached by computer criminals only manage to see the data of their own customers go out the door, Anthem has...

Gemalto Confirms NSA Hack (But Says Mass Encryption Key Theft Didn’t Happen)
February 25, 2015

The world’s biggest maker of SIM cards for mobile phones, Gemalto, confirmed in an early AM press conference that it has “reasonable grounds” to believe that the NSA and GCHQ hacked its network in 2010-2011.  The Dutch firm went on to note that while the...

News
Apple Pay Makes Chase’s Investor Day
February 25, 2015

Apple Pay is making Chase’s day — at least that’s the one of the story lines that came out of JPMC’s investor day yesterday (Feb. 24). That, and a case against the JPMC breakup (again).  Get the Full Story Complete the form to unlock this...

Banks Turn To Alt-Lenders And Non-Traditional Data For Lending Decisions
February 25, 2015

At a time when more and more U.S. consumers have credit histories that are thin or damaged, banks are turning to alternate ways of deciding the creditworthiness of potential borrowers — including the scoring systems of alternative lenders, according to American Banker. Get the Full...

MasterCard’s Latest HCE Moves
February 25, 2015

MasterCard now has cloud-based in-store mobile payments live in 15 countries, with another 10 in the pipeline, the card brand announced on Tuesday (Feb. 24). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

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AmEx: 38 Percent Of Small Retailers Don’t Have EMV Plans
February 25, 2015

With the deadline for accepting EMV payment cards now just months away, 38 percent of U.S. small merchants still don’t have plans to upgrade their point-of-sale systems, according to a new American Express survey released Tuesday (Feb. 24). Get the Full Story Complete the form...