In a surprising move, eBay is allowing sellers to cancel auction transactions for an 11-day period–as long as they used PayPal to finance the original transaction. The move follows a recent hacking of the e-retailers customer database. However, if buyers didn’t use PayPal to pay for...
PayPal users ought to be particularly vigilant about phishing scammers. A new report released by the CYREN GlobalView Security Lab revealed a 73 percent increase in the number of phishing attacks aimed at PayPal users. During a two-week sampling taken during the first quarter of...
As part of a new government plan to reduce money laundering, cash transactions between businesses in Israel will be limited to 5,000 shekels ($1,400) by law. Israel is likely to collect 40 billion-50 billion shekels from the move – nearly 20 percent of the country’s annual...
Something called Willy Report surfaced on Sunday suggesting that the spike in bitcoin price last year from $200 to $1200 was the result of bots creating fake accounts in an effort to drive up the price. These accounts were never funded with real money. The...
Transaction security at the point of sale is the centerpiece of EMV-based payments. But are the smart chips in the cards all that secure? Apparently not. At least that’s the contention of University of Cambridge researchers who say they found two serious problems with the...
Memorial Day is better known in the U.S. as the time to honor those who served in the military. Unfortunately, the BBB is reporting that it has become the perfect opportunity for scammers to target those who are serving or have served their country, especially...
It has been a long week at eBay. Connecticut, Florida and Illinois are initiating joint probe over the circumstances that lead eBay to announce earlier this week that customers needed to change their passwords due to an unspecified security risk that was detected in the...
Retail leaders’ efforts to come together in the fight against cybercrime took a new turn recently with the formation of a sharing center to pool their knowledge. Their efforts were bolstered by three government agencies who have an interest in keeping a lid on cybercrime....
eBay is asking users to change their passwords because of a database cyberattack. The company says there is no evidence the compromise has resulted in unauthorized activity for eBay users or that anyone gained access to financial or credit card information, which is stored in...
