Security & Fraud

News
DDoS Attacks Cost Banks Up To $100K Per Hour
April 27, 2015

Denial-of-service attacks against financial networks are increasing, and recent reports say they’re costing banks as much as $100,000 per hour, according to American Banker. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Banks To Judge: Stop The Target/MasterCard Settlement
April 24, 2015

Some of the banks and credit unions whose customers’ MasterCard payment cards were compromised in Target’s huge 2013 data breach are trying to stop a proposed $19 million settlement between the retailer and the card brand, Reuters reported. Get the Full Story Complete the form...

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Google’s Security Algorithm For Payments
April 23, 2015

Speaking at a Wall Street Journal forum in New York, Google Chief Compliance Officer Andy Hinton said Tuesday (April 21) that the world’s most successful search firm has turned its expertise in data analysis to compliance and is working to develop an algorithm that can spot...

HP And FireEye Join Breach-Fighting Forces
April 22, 2015

HP and cybersecurity company FireEye are partnering to beef up HP’s security consulting business and give FireEye more global reach, the companies announced on Tuesday (April 21). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

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Virginia Launches First State Cybersharing Organization
April 22, 2015

Virginia has launched a project to build the first state-level organization for sharing cybersecurity threat information between the government and the private sector, the state’s governor, Terry McAuliffe, announced on Monday (April 20). Get the Full Story Complete the form to unlock this article and...

Verifone Turns to Thales for Payment Data Encryption
April 21, 2015

Verifone has hired a new security detail. 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 newsletter, PYMNTS Today. By completing this form, you agree...

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Are Small Retailers And Banks Likely To Miss The EMV Deadline?
April 21, 2015

While chip-embedded cards have been popular abroad for almost two decades, in the U.S., the mag stripe has hung around. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Raytheon’s Retail Play
April 21, 2015

Cybersecurity firm Raytheon has made a $1.7 billion dollar bet that it can translate the security skills it currently brings to bear for its military and intelligence clients into protection for retailers and banks. Get the Full Story Complete the form to unlock this article...

Cybersecurity Bill Inches Closer To Legislative Approval
April 21, 2015

It hasn’t been swift or without controversy, but the cybersecurity legislation is making its way through the ranks on Capitol Hill.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....