Security & Fraud

Apple Patent Gives Peek Into Apple Pay Tech
March 06, 2015

An Apple patent application made public this week may hold some clues as to how Apple Pay will work in the future, not just with the iPhone and iPad, but also with the Apple Watch and other wearables. Get the Full Story Complete the form...

Mandarin Oriental Hotels Hit With A Breach
March 05, 2015

The Mandarin Oriental Group, proprietor of the eponymous hotels, seems to be the latest victim of an attack by cybercriminals. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

California Eyeing Bitcoin Business Licenses
March 05, 2015

California’s legislature is considering a license for Bitcoin exchanges that would require maintaining bank-style reserves against possible losses, CoinDesk reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Mobile
UK Banks Face Authentication Security Flaw
March 05, 2015

Several large U.K. banks may be at risk because of a security hole in their two-factor authentication systems, and regulators aren’t acting to deal with the problem, a security research company has revealed. Get the Full Story Complete the form to unlock this article and...

International
Report: U.S. Tops Financial Trojan Infection List
March 05, 2015

U.S. banks and their customers remained the top targets for financial malware in 2014, even as the infection rate for trojan-style attack software was cut in half, according to a new report from Symantec. Get the Full Story Complete the form to unlock this article...

Mobile Commerce
Defying Online Fraud Post US EMV Migration
March 05, 2015

By the end of 2018, U.S. card-not-present fraud losses are expected to reach $6.4 billion. While the U.S. migrates to EMV to help prevent card-present fraud, the fraudsters are migrating their focus to the online world. Organized crime rings are increasingly nabbing funds in jaw-dropping,...

Million-Dollar Hospital Cyberattack Sparks BOA Lawsuit
March 04, 2015

After a 2013 cyberattack cost it $1.03 million, a public hospital in Washington state is now suing Bank of America to recover some of its losses. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

International
Are Fake Goods To Blame For Alibaba’s Stock Slump?
March 04, 2015

Alibaba’s executive team has repeatedly said it’s taken strict measures to combat fraudulent sellers on its marketplaces, but there’s another force in China’s e-commerce market that’s making it harder to regulate: brushing. Get the Full Story Complete the form to unlock this article and enjoy...

News
Merchants Push For Tokenization Over EMV
March 04, 2015

Retailers are fed up with hearing from banks and credit unions that they don’t care about payment-card security and fraud, Bank Info Security reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...