Security & Fraud

News
Retailers Considered Still Vulnerable to Card Fraud Until Banks Upgrade to EMV
April 14, 2014

After the Target and Neiman Marcus security breaches, one would assume that U.S. retailers were doing what they can to help prevent another incident.  However, Bloomberg Business Week is reporting that many retailers are still vulnerable to credit card fraud.  Get the Full Story Complete...

News
Regulators Call On Banks to Step-Up Security Measures In Response to Heartbleed Bug
April 11, 2014

Earlier this week the Heartbleed exploit – a fault in OpenSSL that could theoretically grant an attacker to access to confidential information in an affected system with just a simple network request- was discovered. OpenSSL is an used in fundamental security software by organizations and companies...

IdentityMind Partners with Jumio to Create Bitcoin Compliance Program
April 11, 2014

Earlier this week, IdentityMind announced at the Inside Bitcoins event in New York that they will be partnering with Jumio and launch its IGNITE program. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

News
eCommerce Sites Warn Sellers About the Heartbleed Bug
April 11, 2014

This week the Heartbleed bug was made public and many sites like eBay; Etsy and PayPal are giving advice to merchants who are worried. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

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Alipay Plans to Invest in Mobile Payment Security
April 11, 2014

Alipay, the payment unit of Chinese e-commerce firm Alibaba Group, plans to invest CNY 40 million in order to create an online payment security investment fund, according to Telecompaper. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

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Amazon And PayPal Users Accounts Unaffected By Heartbleed Bug
April 11, 2014

PayPal also posted a blog advising users that there was no need to take additional action or change passwords. 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...

Payments Industry Awaits Potential Fallout Of ‘Heartbleed’ OpenSSL Flaw
April 11, 2014

Well, it might not constitute breach news per se – or it doesn’t yet anyway– but the announcement this week that two-thirds of all online websites for the past two years had been vulnerable certainly was. The security flaw, dubbed Heartbleed,” had made openly available...

Stores’ Use Biometric Face Data Sets Off Privacy Controversy In Japan
April 10, 2014

A program run between 115 Japanese supermarkets and convenience stores to share biometric customer face data has drawn criticism for offering a wide variety of possible customers’ rights abuses. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

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Retailers Could Soon Be Liable For Hacking Damages In California
April 07, 2014

A bill is making its way through the California state legislature that would make companies like Target liable for damages after successful cyber-attacks against their system expose customer data.  Currently banks and credit card companies are on the hook for customer financial losses as a...