Security & Fraud

Security & Fraud
VPN Apps Removed From Apple’s China App Store
July 31, 2017

Apple has reportedly removed VPN apps from its store in China. Virtual private networks (VPNs) could enable users to access China’s uncensored Internet. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Security & Fraud
British ‘Spiderman’ Hacker Receives Suspended Sentence In Germany
July 28, 2017

A British hacker-for-hire known as “Spiderman” was given a suspended sentence by a German court Friday, but could still face criminal charges in Britain. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Security & Fraud
It’s Only ‘Hacking’ When Bad Guys Do It
July 28, 2017

A virtual lynch mob has swarmed the Facebook page of the Budapest Transit Authority (BKK in Hungarian), leaving more than 45,000 one-star reviews after the BKK arranged for the arrest of a helpful teenage “hacker” who exposed a loophole in its payments system. Get the...

Security & Fraud
Ransomware Hacks Costs Exceed $25M
July 28, 2017

With ransomware cyberattacks raging, companies and individuals have paid out more than $25 million during the course of the last two years in an effort to get their data back from hackers. Get the Full Story Complete the form to unlock this article and enjoy...

Security & Fraud
North Korean Hackers’ New Target? Bank Accounts
July 28, 2017

In news good for no one anywhere, it seems the North Korean army of cybercriminals has decided to reorganize itself to prioritize greater specialization.  According to WSJ reports out this morning — the cyber dark army has splintered into smaller groups and is increasingly focused...

Security & Fraud
BTC-e Operator Indicted Following Tuesday Arrest
July 28, 2017

Alexander Vinnik, the 38-year-old Russian man behind the bitcoin exchange BTC-e, has been arrested and indicted. Reuters reported news that a U.S. jury made the decision on Wednesday (July 26). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Security & Fraud
Barclays Reveals Client Names To German Finance Agency
July 28, 2017

Barclays, the U.K. investment bank, has reportedly revealed the names of clients as well as trading information to the German Finance Agency by accident. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Security & Fraud
Mastermind Behind BTC-e Virtual Currency Exchange Arrested In Greece
July 27, 2017

Alexander Vinnik, the 38-year-old Russian man who is accused of being behind the BTC-e virtual currency exchange and bitcoin laundering $4 billion or more, has reportedly been arrested in Greece. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Security & Fraud
Italy’s UniCredit Announces Data Breach Affecting About 400,000 Customers
July 27, 2017

Italy’s UniCredit has confirmed that the personal financial data of about 400,000 customers has been compromised. 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...