Security & Fraud

International
Major Cyber Attacks Crippling Private Insurance Firms
February 09, 2015

Just hours after Anthem, the second-largest U.S. health insurer, announced it had suffered a massive security breach, the largest Lloyd’s of London insurer said cyber attacks are now too big for private insurance companies to handle, according to the Financial Times. Get the Full Story...

Loyalty & Rewards
Cash-Back Site BigCrumbs Is Offline After User Accounts Were Breached
February 09, 2015

Cash-back shopping service BigCrumbs.com will be offline for as long as three weeks after discovering that some of its members’ accounts had been compromised — even though the site itself doesn’t appear to have been breached, ECommerceBytes reported. Get the Full Story Complete the form...

Why Payments Players Should Be Worried About The Anthem Breach
February 07, 2015

American poet Taylor Swift noted in her classic work “Shake It Off “The haters gonna hate (hate, hate, hate, hate), and the players gonna play (play, play, play, play).” However, if she was really on top of the trends, she might also have added  and the...

Connecting The Dots On Cybercrime
February 06, 2015

“We had no way to connect the dots.” 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...

News
ID Theft Ring Uses Ill-Gotten Gains To Buy Apple Gift Cards
February 06, 2015

Five people accused of running an identity theft ring in New York City will face charges relating to a 394-count indictment for stealing personal information from hundreds of dental patients. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

News
Anthem Attack Looks Like The Work Of Chinese Hackers
February 06, 2015

The massive data breach at health insurer Anthem appears to be the work of Chinese state-sponsored hackers who may have been searching for material to use in blackmailing government employees, Bloomberg reported on Thursday (Feb. 5). Get the Full Story Complete the form to unlock...

Mobile Commerce
Rising Mobile Commerce Fraud Costing Retailers
February 06, 2015

Mobile commerce fraud is costing retailers an average of 3 percent of their total revenues, and the faster m-commerce grows, the more fraud will cost, according to a study released Thursday (Feb. 5). Get the Full Story Complete the form to unlock this article and...

FBI Says Hack Attacks Easy to Prevent
February 05, 2015

At a point when data security and fraud protection are becoming more important issues for retailers after a recent spat of high profile data breaches and new hearings on the issue in Washington, FBI investigators have discovered that over 90 percent of the data breaches reported...

Home Depot Plaintiffs May Use Target’s Lead Counsel
February 05, 2015

Buoyed by the success of the Target data theft case back in 2013, the main counsels of that case will now be part of the plaintiff’s general counsel in the Home Depot multi-district litigation case regarding that company’s own experience with data hackers between April...