Security & Fraud

Cool
Tax Returns, Confused Consumers Credit Card Fraud…And Other Friday Factoids
April 25, 2014

Do you know … How many billions of dollars will be lost to credit card fraud this year? How many consumers have no idea what NFC is or what it’s for? Or how many tax returns the IRS had in by tax day on April...

‘BadLepricon” Malware Turning Android Phones Into Surreptitious Bitcoin Miners
April 25, 2014

Advertised as a wallpaper app for Andriod phones in the Google play store, “Bad Lepricon” malware hijacks end-user devices like smartphones and tablets for the purpose of the computationally intensive process of mining bitcoins.  To escape detection, the malware monitors the phone for battery life...

Merchant Innovation
Bitcoin Tracker Week 21
April 25, 2014

Bitcoin traded in the in a fifty dollar range going from as low as about $450 and as high as $506, ending at $464 at about 7am EST on Friday. Our volatility index shows Bitcoin at a whopping 29 times more volatile than the euro....

Company Spotlight
Risk Management Patent Assigned to MasterCard International
April 25, 2014

A patent originally filed in October 2010 was assigned to MasterCard International, Purchase, NY, according to Insurance News Net. The patent was developed by a team of five members, and offers “methods for risk management” in mobile devices like smart phones that can be used...

MiiCard’s $21 Billion Dollar Solution
April 24, 2014

There is no one in the financial services industry that likes identity theft, but after 20 years of watching it climb consistently upward annually, a certain level of acceptance has set in.  Fish have swim, birds have fly and fraudsters have to steal consumers identities,...

Mobile Commerce
Massachusetts Bill Would Require Added ATM Security Measures
April 24, 2014

A state lawmaker in Massachusetts reportedly has introduced a bill that would require banks to install added security measures at their ATMs, and representatives for both the ATM and banking industries are fighting it. Get the Full Story Complete the form to unlock this article...

News
Heartbleed keeps bleeding
April 24, 2014

Hackers are taking advantage of the Heartbleed situation. Customers’ session tokens remain vulnerable allowing hackers to masquerade as a legitimate authenticated user. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Merchant Innovation
Beacondo Plans to Simplify iBeacon Integration for Mobile Apps
April 24, 2014

Beacondo is free for anyone to use and will provide a simpler way to create iBeacon-supported apps.

News
Retailers Continue to Spend Billions on Data Security
April 24, 2014

The National Retail Federation testified before a field hearing of the House Homeland Security Subcommittee on Cybersecurity, Infrastructure Protection, and Security Technologies.