Security & Fraud

Security & Fraud
NSA Alerts Microsoft To Windows Security Flaw
January 15, 2020

In a move designed for public reassurance and transparency, the National Security Agency (NSA) will now be more forthright, sharing cybersecurity attacks with companies rather than discreetly analyzing them in secret for the agency’s internal use. On Tuesday, The New York Times reported that the...

Security & Fraud
Travelex Systems Back Online; Customers Receive Refunds
January 13, 2020

Foreign exchange company Travelex is back online with some of its electronic services after its system was brought down by hackers nearly two weeks ago, Reuters reported on Monday (Jan. 13). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Security & Fraud
You Haven’t Been Yourself Lately: Digital Identity Trends 2020
January 13, 2020

The launch of EMV chip cards in the U.S. in the early 2000s had much of the hoped-for effect: By 2017, both Mastercard and Visa had reported that counterfeit fraud was more than halved. Get the Full Story Complete the form to unlock this article...

Security & Fraud
Security Group Warns Iranian Hackers Could Target US Electric Utilities
January 12, 2020

Iranian hacking groups are targeting U.S. electric systems, and intelligence officials worry that escalating tensions between the two countries could only make things worse in the future. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Security & Fraud
Travelex Checking Employees’ Computers For Signs Of Ransomware
January 11, 2020

Some employees of Travelex, a company that was recently hit with a ransomware attack, were forced to hand over their laptops to technicians to see if their machines were infected and whether they can be fixed, according to a report by the Financial Times. Get...

Security & Fraud
The Troubling Ripple Effects Of The Travelex FX Hack
January 10, 2020

It might make sense that as commerce goes ever global, and as banks do an increasing volume of business cross-border, that the hackers and fraudsters would look at FX as a lucrative way to ply their malevolent trade. Get the Full Story Complete the form...

Security & Fraud
ICO Fines Dixons Carphone £500K After Breach Affects 14M Consumers
January 10, 2020

Dixons Carphone is staring down the barrel of a £500,000 (about $650,000) fine by the Information Commissioner’s Office over an incident of compromised data that affected over 14 million customers, according to published reports Thursday (Jan. 9). Get the Full Story Complete the form to...

Security & Fraud
Travelex Attack Forces Shutdown Of Samsung Pay’s Cross-Border Transfers
January 09, 2020

A New Year’s Eve ransomware attack on Travelex continued to affect global businesses and customers today, including multiple Samsung Pay users, according to reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Security & Fraud
Travelex Attack Forces UK Banks To Halt Foreign Currency Service
January 09, 2020

Lenders including Barclays, HSBC, Royal Bank of Scotland and Virgin Money had to stop foreign currency services after exchange provider Travelex was hit by a ransomware gang, according to reports on Thursday (Jan. 9). Get the Full Story Complete the form to unlock this article...