Security & Fraud

News
After The Breach, Target Sets the Bar For Credit Card Security
May 06, 2014

In the months since a massive, multi-month data left tens of millions of customer’s data exposed, Target has been leading the industry in adopting more stringent anti-fraud mechanisms, including an accelerated adoption of  chip-and-PIN (EMV) technology for its store-branded credit cards. Get the Full Story...

CA Technologies
Get The Payments Security Playbook on May 22nd
May 06, 2014

Who in payments isn't looking for the playbook for how to beat the new breed of fraudster at his game? Well, CA Technologies believes it has one and it includes 10 "rules of the road" that detects possible opportunities for fraud, and then shuts it...

News
Department of Defense Sees Bitcoin as Possible Terrorist Threat
May 06, 2014

The virtual currency is seen as a potential finance threat because of an unclassified memo that was discovered.

News
Security Flaw In Open Source Log-In Tools Could Leave Social Media Users At Risk
May 06, 2014

Another week, another extremely serious and hitherto unknown security flaw has been discovered. This time the holes seems to be in found in the log-in tools OAuth and OpenID–which are used prominently on such extremely popular sites as Facebook, Google+, LinkedIn and Microsoft, among others. Get...

B2B Payments
Risk Compliance Division Signs Contract With Walmart
May 06, 2014

Ebix, Inc an international supplier of On-Demand software and E-commerce services to the insurance, financial and healthcare industries announced that the Company’s Risk Compliance Solutions — RCS Division signed a contract with Walmart Canada Corporation to monitor and track certificates of insurance for Walmart. The...

News
PayPal Unaffected By OAuth, OpenID Security Flaw
May 06, 2014

As reported by PYMNTs earlier, a new security flaw has been found that effects the many, many websites that make use of OAuth or OpenID log-in tools.  Called the Covert Redirect flaw, this serious hole makes it theoretically for cyber-criminals to create malicious phishing links to capture...

News
Target CEO Steps Down After Data Breach
May 05, 2014

CEO Gregg Steinhafel has agreed to step down five months after the data breach compromised 40 million customers.

Commentary
The Payments Networks’ Next Real Threat
May 05, 2014

What begins with an 'A' and is the biggest threat to the payments networks since Judge Leon? ACH. I know, you thought we were going to say Apple. But the Paym launch in the UK got MPD CEO Karen Webster to thinking about the impact...

News
Symantec: Anti-Virus Is Dead
May 05, 2014

In a move that sounds surprisingly similar to an admission of defeat at the hands of novel hackers, anti-virus software maker Symantec has declared its intention to get out of the breach prevention end of the the anti-virus game, and instead moving its focus to...