IRS is in the eye of the tiger, as the agency’s inspector general told Congress yesterday that the IRS failed to implement security upgrades to its computer systems, reported the Associated Press yesterday (June 2). At the end of May, the IRS announced that the data from...
Citigroup may wind down its Banamex USA operations as a part of a settlement with U.S. regulators amid allegations that the California-based unit has been beset by weak money laundering controls. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Blockchain, the bitcoin wallet company, recently discovered it had sent $8,000 worth of bitcoins to a wrong address, which was a result of what the company called a security bug in its Android wallets. Get the Full Story Complete the form to unlock this article...
“The battle between the ‘good guys’ and the cybercriminals will continue to intensify with consumers’ personally identifiable information in the wild.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
A security breach experienced by Woolworths, an Australian supermarket chain, further fuels the debate on the growing costs of data breaches worldwide. Last week, a spreadsheet with the personal details (names, emails and gift codes) of thousands of Woolworths customers was mistakenly emailed to around...
“Are the cybercriminals getting smarter? Are they really that much smarter than we are?” 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 to our daily newsletter, PYMNTS...
When the news of the IRS data breach hit earlier this week (May 26), IRS Commissioner John Koskinen said the agency was “confident that these are not amateurs.” And a report that came out yesterday (May 28), indicates those suspicions have been confirmed. Get the Full...
The conversations about digital identity and how to secure it have never been more active – or more necessary – prompted recently by any number of news reports related to the compromise of a consumer’s identity in a digital environment. Get the Full Story Complete...
In an effort to uncover security flaws in government computer systems – and of course fix those flaws – the American Civil Liberties Union has recommended that federal officials reward people who report those very glitches. Get the Full Story Complete the form to unlock...
