BioCatch, an Israel-based firm that uses an individual’s common tendencies when using online banking and eCommerce sites to identify potential fraud patterns, recently secured $10 million in Series A funding. The company plans to use the funds toward expansion in American and European markets.
PayPal has discovered a flaw in its two-factor authentication (2FA) system that would allow a motivated hacker to by-pass the system merely by switching the device’s internet connectivity on and off. PayPal explained the system flaw on its blog yesterday, as well as the measures...
There is no doubt that the Target breach was the catalyst for igniting EMV in the US. But why did it take such an extreme event to move merchants and issuers into an EMV frame of mind? In a recent podcast interview, MPD CEO Karen...
New debit card issuer research from Pulse found that 84 percent of U.S. financial institutions reissued cards as a result of the recent data breach at Target. That’s up from the typical year when just 29 percent that reissue all cards exposed in a breach....
Outside of the television program Breaking Bad, car washes are almost never threatening or frightening things, and are certainly not the kind of places most consumers tend worry about when it comes to credit card fraud. Which is exactly why it is the type of...
Facebook engineer Greg Stefancik has made his opinion about biometrics known. In an interview with The Australian, Stefancik said that the technology is no good as an authentication method because of its irrevocability. Additionally, the engineer told Computer World that he wants to eventually move...
While the infamous Heartbleed virus reared its ugly head back in April, a recent report showed that over 300,000 unpatched servers could still be at-risk. According to Errata Security’s Robert Graham, efforts to patch remaining systems are slowing drastically. As reported by PC World, Graham...
Andreessen Horowitz is placing the second biggest bed in the venture-capital firm’s history on Tanium Inc., a largely unknown start-up that helps companies pinpoint security threats to sprawling and vast computer networks. Andreessen is buying into Tanium for a whopping $90 million, pegging the company’s...
Keith Alexander, the former National Security Agency chief and head of the U.S. Cyber Command, recently spoke to cyber consultants about the potential dangers facing the financial industry. According to a recent Bloomberg article, Alexander retired in March, but is now trying to speak directly...
