Current retailer security for protecting credit card and personal information isn’t strong enough. That’s the takeaway from a Bizrate survey released on Tuesday (Feb. 3) that found 60 percent of consumers said payment security is inadequate at brick-and-mortar stores, websites and mobile commerce sites and...
A new study shows that even when real names and other personal information are stripped from customer data, it’s often possible to use just a few pieces of the information to identify a specific person, the New York Times reported. Get the Full Story Complete...
Another online airport parking reservation service has apparently been hit by a payment card breach — and once again the breach has links to the massive card thefts from Target and Home Depot, according to Krebs on Security. Get the Full Story Complete the form...
On Friday (Jan. 30), Google posted a “Year in Review, Year in Preview” report on its Security Rewards Programs. 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...
In what may be one of a few legal battles regarding financial liabilities of data breaches, the United States District Court ruled that supermarket chain Schnuck Markets is only liable for the first $500,000 in damages resulted from a series of data hacks between 2012...
United States business groups are calling upon China to postpone the implementation of new regulations that some are saying could be a “backdoor” for espionage and hacking by the Chinese government, according to an industry trade letter attained by the BBC. Get the Full Story...
The Securities and Exchange Commission has charged ex-Capital One analysts Bonan and Nan Huang with insider trading after it was found that they were using the company’s consumer database to predict stock prices from retail sales data, according to a formal litigation release from Jan 22. Get...
The Personal Data Notification & Protection Act, unveiled earlier this month to the Federal Trade Commission, would set a national standard for how companies respond to cybersecurity breaches. But it may not be the quintessential solution in data protection – not without the implementation of...
As smartphones increasingly become like digital wallets with the rollout of features like Apple Pay and online identification becoming more common, it is only a matter of time before people become confident enough to put more sensitive information on their phones beyond just bank cards....
