Earlier this week the Heartbleed exploit – a fault in OpenSSL that could theoretically grant an attacker to access to confidential information in an affected system with just a simple network request- was discovered. OpenSSL is an used in fundamental security software by organizations and companies...
Earlier this week, IdentityMind announced at the Inside Bitcoins event in New York that they will be partnering with Jumio and launch its IGNITE program. The program will provide anti-money laundering (AML) Bitcoin compliance for major Bitcoin exchanges. The transactions will be monitored for startups through...
This week the Heartbleed bug was made public and many sites like eBay; Etsy and PayPal are giving advice to merchants who are worried. “Merchants need to own and solve the issue themselves,” Z-Firm’s Rafael Zimberoff said. He also gives advice for sellers who operate...
Alipay, the payment unit of Chinese e-commerce firm Alibaba Group, plans to invest CNY 40 million in order to create an online payment security investment fund, according to Telecompaper. The fund will focus on mobile payments and created with other companies. The company believes that...
PayPal also posted a blog advising users that there was no need to take additional action or change passwords. “While we always advise our customers to be cautious and aware of the security of their personal and financial information, in this case we want to...
Well, it might not constitute breach news per se – or it doesn’t yet anyway– but the announcement this week that two-thirds of all online websites for the past two years had been vulnerable certainly was. The security flaw, dubbed Heartbleed,” had made openly available...
A program run between 115 Japanese supermarkets and convenience stores to share biometric customer face data has drawn criticism for offering a wide variety of possible customers’ rights abuses. The shop-lifting prevention system operated by a Nagoya-based software development company, scans and stores customer face data...
A bill is making its way through the California state legislature that would make companies like Target liable for damages after successful cyber-attacks against their system expose customer data. Currently banks and credit card companies are on the hook for customer financial losses as a...
Swiss authorities announced last week a decision to impose restrictions on financial transactions against some Russian officials “The Federal Council on April 2, 2014 decided not to introduce the EU sanctions on the territory of Switzerland. However, we will take steps to prevent the circumvention...
