A group of 77 Chinese nationals have been arrested by Kenyan police, accused of running a cybercrime operation. “Equipment capable of infiltrating bank accounts, Kenya’s M-Pesa mobile banking system and cash machines were discovered after a series of raids,” noted The Guardian. Get the Full...
Swedish payments company Klarna is preparing to drop $100 million for U.S. operations, which will be based in Columbus, Ohio. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
PayPal has closed a security hole that could have allowed an attacker to hijack the account of any of its users in a targeted attack, according to VentureBeat. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Retailers feeling the rush of a Black Friday weekend high shouldn’t forget they’re also facing a major buzzkill on New Year’s Day: As of Jan. 1, they’ll face a new version of the Payment Card Industry’s security requirements, according to Crain’s Chicago Business Get the...
For the first time since 2010, federal regulators have released a new guidebook on how to meet anti-money-laundering (AML) regulations, Bank Info Security reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
A federal judge on Tuesday (Dec. 3) ruled that most of the data breach lawsuit claims against Target can continue and that banks pressing that lawsuit were almost fully correct in its allegations. That doesn’t mean, of course, that the judge found the claims to...
In the military, there is a concept called acceptable losses and it, candidly, calculates how many of your fighters are likely to be killed under different scenarios. But all businesses do similar calculations – building in losses as part of “doing business” is the ROI...
American Express has updated its Amex Mobile app for iOS with a key new feature: Now iPhone and iPad users can log into their accounts by fingerprint, 9 to 5 Mac reported on Tuesday (Dec. 2). Get the Full Story Complete the form to unlock...
Two websites pretending to be from the Bitcoin Foundation are trying to steal Bitcoin users’ cryptocurrency — and there may be more scammers out there, according to VentureBeat. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
