Security & Fraud

Security & Fraud
Post-Netspend Agreement, FTC Mails Off $10M To Consumers
September 18, 2018

The Federal Trade Commission (FTC) announced that it is sending out more than 430,000 checks totaling more than $10 million to those impacted by Netspend’s prepaid mastercard misleading claims over its reloadable prepaid debit cards. Netspend serves those without a bank, specializing in providing prepaid Visa...

Security & Fraud
Altaba Sells Yahoo Japan Stake; Settles Yahoo Data Breach Lawsuits For $47M
September 17, 2018

Altaba, the holding company for Yahoo assets, announced on Monday (Sept. 17) that it has sold the remaining shares of Yahoo Japan. The transaction was completed last week, but the company was restricted in announcing it until Monday. Altaba also said it settled the lawsuits...

Security & Fraud
Anatomy Of A Bank Heist, SWIFT-ly Done By Phishers
September 17, 2018

In 2016, $81 million disappeared from Bangladesh’s central bank. It could have been a lot worse — hackers tried to get away with $1 billion. U..S court filings this month may have revealed whodunit — and how. The cyberattack made off with the bucks via...

Security & Fraud
A Single Sign-On For Mobile Apps Coming Via US Wireless Carriers
September 14, 2018

AT&T, Sprint, T-Mobile and Verizon have joined forces to create a new service that could eliminate the need for a login and password for all the apps on your phone. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Security & Fraud
DEEP DIVE: How Banks Use Data To Build Customer Profiles
September 14, 2018

PYMNTS examines the latest threats to digital banking platforms, and how FIs are looking to stop fraudsters in their trackers.

Security & Fraud
Ant Financial Denies Stealing Equifax IP
September 13, 2018

Ant Financial, the payment affiliate of Alibaba, pushed back on a Wall Street Journal report that alleged the company used Equifax intellectual property to create its credit rating product. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Security & Fraud
F-Secure Researchers Find Security Weakness In All Modern PCs
September 13, 2018

F-Secure, the security firm, announced Thursday (Sept. 13) that consultants for the company have found a weakness in all modern computers that hackers could use to steal encryption keys and other data. Get the Full Story Complete the form to unlock this article and enjoy...

Security & Fraud
Pre-Data Breach, Equifax Suspected China Of Spying
September 13, 2018

Before it was the victim of a massive data breach that exposed the personal information of 143 million customers, Equifax was worried that sensitive data had been stolen by Chinese spies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Security & Fraud
Cybercriminals Harass FIs 81M Times In 2018 So Far
September 13, 2018

A new report has revealed that financial institutions (FIs) were hit with 81 million cybercrime attacks in the first half of 2018, with 27 million of those breaches targeting the mobile channel. Get the Full Story Complete the form to unlock this article and enjoy...