A Russian national has been indicted for a series of cyber attacks against financial institutions (including Chase Bank, Capital One, Citibank and the Boeing Employees’ Credit Union) and retail POS in the U.S., as well as for running various carding forums that resold payment card...
TSYS announced yesterday that it released its Enterprise Tokenization solution to secure payment card information for online, mobile, and digital wallet transactions, according to a company release.
Publicly, all retailers have—historically—said that data breach disclosures need to happen quickly and publicly. Privately, though, IT and security specialists have long questioned the point of such disclosures, especially the early ones. The initial reports are almost always wrong, shoppers can't do anything useful with...
Schnuck Markets (which does business as Schnucks) announced Monday (Aug. 11) that it has settled a 2013 security breach and will be sending checks to some of its shoppers. The settlement includes paying shoppers for “documented lost time,” which is unusual in these kinds of...
Major consumer brands have struggled for years to control the massive grey market, where the brand’s goods are sold without authorization—and where the items sold may be counterfeit items of much lesser quality. This problem is especially challenging in much of the Asian E-Commerce space—and...
When it comes to fighting cybersecurity threats, there are many possible philosophies, but one school of thought says that if you can’t beat ‘em, it’s time to consider paying them. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Amsterdam-based Gemalto has moved to improve and expand its data security protection offerings through the acquisition of Maryland-based SafeNet. 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...
In an ideal security world (an oxymoron, admittedly), vendors do not confirm or even acknowledge security holes until they have been fixed. Why encourage the bad guys any more than is necessary? Indeed, the hole that exists after a bug has been discovered and publicized...
One of the challenges for payment card security professionals is that, very often, these thieves are professionals who are highly trained, have substantial operating budgets and are very intelligent. This is not a story about one of them. This is a story about a woman...
