Security & Fraud

Study Shows Security Gaps In Vendor Risk Management
July 09, 2015

With cyberattacks and data security threats looming at insecure access points, organizations must make improvements to their risk management programs in order to keep pace with the latest risks and challenges, according to the “2015 Vendor Risk Management Benchmark Study.” Get the Full Story Complete...

Gimbal Rolls Out USB-Powered Proximity Beacons
July 08, 2015

Gimbal, a mobile technology company based in San Diego, said Tuesday (July 7) that it is launching a Bluetooth Smart (low energy) beacon for use across a variety of devices. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Fed Demands Santander Clean Up Risk Management
July 08, 2015

The Federal Reserve is mandating that Banco Santander SA make sweeping changes in its risk management practices at its U.S. unit, The Wall Street Journal reported Tuesday (July 7). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

How A Phone Scam Cost One Hedge Fund $1.2M
July 08, 2015

While all eyes are on cyberattacks and security breaches, a new type of fraud made out of a single phone call is a harsh reminder that technology cannot protect from a human — even if honest — error. Get the Full Story Complete the form...

Controversial
JPMorgan Settles for $136M In Credit Card Probe
July 08, 2015

JPMorgan will pay $136 million — $11 million more than had been initially anticipated — to settle U.S. state and federal probes into the bank’s practices around the buying and selling of consumer credit card debt. Get the Full Story Complete the form to unlock...

FTC Halts Payday Lending Fraud Scheme
July 07, 2015

The Federal Trade Commission is cracking down on payday loan operators accused of withholding millions of dollars from consumers by keeping them attached to loans that were never authorized, the FTC announced today (July 7). Get the Full Story Complete the form to unlock this...

PayPal’s Xoom Deal Hits Potential Shareholder Snag
July 07, 2015

Just three business days after PayPal announced it will acquire international money transfer provider, Xoom, for $890 million in an all cash deal, an investigation into the deal has surfaced.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Global Cybercriminal Who Hacked ATMs For $14M Jailed
July 07, 2015

After pleading guilty to bank fraud almost a year ago, an international cybercriminal has officially been sentenced to more than four years in prison for his role in hacking ATMs in an amount above $14 million. Get the Full Story Complete the form to unlock...

How TNS And Verifone’s Deal Enhances Payments Data Security
July 07, 2015

Transaction Network Services (TNS) and Verifone have forged a new agreement with an eye towards security. 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...