Online payment fraud resulted in billions of dollars in losses last year. Stopping fraud without impacting the experience for trusted customers is critical for organizations where any fraud prevention measure that adds to customer friction is a non-starter. Attend this webinar to learn methods to...
“Cyberattacks are likely to eclipse terrorism as a domestic danger over the next decade. … That’s where the bad guys go. There are no safe neighborhoods. All of us are neighbors online.” – FBI Director James Comey, The Guardian Here are the cold hard facts....
U.S. Bank employees are piloting software that lets customers speak a simple passphrase, such as “my voice is my password” to access a credit card account on a mobile device. The feature – called voice biometrics – allows select credit card customers to use their...
In a TV news interview this week in Detroit, a former hacker spoke about his experience as a credit card thief, but suggested it was all for fun, at least from his perspective. The man did not give his name but said that he had...
FIS and Microsoft have announced a new cybersecurity partnership. The deal includes the integration of FIS officials with Microsoft’s Cybercrime Center, which the company established in November. The two businesses also will work with the U.S. Department of Homeland Security on cybercrime initiatives, FIS said...
A group of U.S. banks, retailers and trade organizations have forged a new partnership to promote the fight against cybersecurity threats. The Retail Industry Leaders Association and The Financial Services Roundtable are among a number of organizations that are pooling resources and forming working groups,...
04 March 2014 The source code for Mt. Gox, the troubled virtual-currency exchange, has been leaked online by an anonymous hacker. Additionally, the person also disclosed to TechCrunch that he or she stole 20GB worth of customer information, including allegedly passport and other personal identification data. The...
04 March 2014 One of Citigroup’s banking affiliates, Banamex USA, is being hit by twin inquires related to fraud and money-laundering regulation compliance. Banamex, which provides banking services to communities in the United States and Mexico, recently revealed in SEC filings that it had been...
05 March 2014 Chicago’s First American Bank recently issued an advisory telling customers not to use their payment cards in local taxis. “We have become aware of a data breach that occurs when a card is used in Chicago taxis, including American United, Checker, Yellow, and...
