Security & Fraud

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...

Security & Fraud
Teenage Do-Gooder Arrested in So-Called ‘Cyberattack’
July 26, 2017

A teenager trying to help the Budapest Transport Authority (BKK in Hungarian) patch its online payment system was instead arrested for his good deed and accused of launching a cyberattack against the organization. Get the Full Story Complete the form to unlock this article and...

Security & Fraud
PSD2 Is Coming To Europe And Bringing Big Changes
July 26, 2017

Come next year, FIs will need to share consumer data with FinTechs and merchants courtesy of PSD2. In the latest PYMNTS Digital Identity Tracker™, powered by Socure, Euro Banking Association Secretary General Thomas Egner shares the ways in which FIs must protect this newly shared...

Security & Fraud
Wells Fargo Faces Scrutiny Over New Data Breach
July 25, 2017

Wells Fargo, reeling from a fake account scandal, is facing more regulation scrutiny due to the unauthorized release of client data on tens of thousands of bank accounts. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Security & Fraud
NEW REPORT: Shutting Down PSD2’s New Security Threat
July 25, 2017

Protecting digital identities is all about keeping up — keeping up with new technology, new regulations and, of course, bad actors.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Security & Fraud
  Botnet Hackers: About To Be Exposed?
July 24, 2017

Sunlight is the best disinfectant, as the saying goes — but will light shine on the ways, whys and wherefores in botnet hacking? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Security & Fraud
AlphaBay and Hansa Market — Two Dark Web Markets — Have Been Shut Down
July 21, 2017

Working cooperatively, American and European authorities reported yesterday (July 20) that they have shut down two of the largest online black markets — AlphaBay and Hansa Market. Their respective operators have also been arrested. Get the Full Story Complete the form to unlock this article...

Security & Fraud
FTC: Fraudsters Posed As Attorneys In Debt Collection Scheme
July 18, 2017

The Federal Trade Commission (FTC) is putting the kibosh on a debt collection operation’s illegal activity. The operation had been extorting money from consumers, who did not actually owe anything, by pretending to be lawyers and threatening victims with lawsuits or arrest if they didn’t...

Security & Fraud
Awake Security, Cybersecurity Startup, Launches With $31M
July 18, 2017

Awake Security announced news on Monday (July 17) that it has closed more than $30 million in funding from venture capital (VC) firms Greylock Partners and Bain Capital Ventures and the general availability of its advanced security analytics solution. Get the Full Story Complete the...