Security & Fraud

News
US And UK Will Stage Cyber Attacks Against Banks
January 19, 2015

The U.S. and U.K. will hold joint “cyber wargames” to improve cooperation between the two countries. But President Barack Obama stopped short of endorsing British Prime Minister David Cameron’s campaign to outlaw encryption for phones and email that law enforcement wouldn’t be able to penetrate,...

Are Payment-Card Breaches Already Being Reported In 30 Days?
January 19, 2015

Are businesses that suffer payment-card breaches already reacting to last week’s push by the White House to speed up disclosures? For the third time in the past week, a notable breach has been publicly disclosed within 30 days. Get the Full Story Complete the form...

News
Credit Union Regulator Will Pay For Losing Audit Data
January 19, 2015

Three months after examiners from the National Credit Union Administration lost a thumb drive containing names and account numbers of a credit union’s members during an audit, the federal regulator said it will reimburse the credit union for its costs in the breach, Bank Info...

Unmasking Dread Pirate Roberts — The Bitcoin Edition
January 17, 2015

If only Piper Chapman’s girlfriend, the protagonist in the Netflix series, “Orange is The New Black,” knew the alleged Dread Pirate Roberts and his Libertarian bitcoin Web project, Silk Road, maybe she wouldn’t have had to ask Piper to carry the suitcase full of drug money...

International
Mobile Malware Surges In The US, Mainly On Android
January 16, 2015

Mobile users encountered malware nearly twice as often in 2014 than during 2013 — up from 4 percent to 7 percent, CSO Online reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

B2B Payments
SWIFT Extends Sanctions Screening Service To Cover All Financial Messaging
January 15, 2015

Global financial-messaging network SWIFT has extended its Sanctions Screening service to support all messages used in financial transactions, regardless of format or financial network, according to Cash & Treasury Management File. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Apple Pay
Apple Watch Will Use A Four-Digit PIN For Payments
January 15, 2015

Apple Watch will use a four-digit passcode that users must type before making Apple Pay payments, CSO Australia reported on Wednesday (Jan. 14). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

News
Airport Parking Companies: We Were Breached
January 15, 2015

Two online airport parking services have confirmed that they suffered payment card data breaches in December, Krebs on Security reported on Wednesday (Jan. 14). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

News
First Data Plugs Into UL Tools For EMV Migration
January 14, 2015

With the clock ticking down toward the October 2015 deadline for retailers to accept EMV chip payment cards, First Data said it will offer its customers EMV testing tools that have been certified by Visa and MasterCard. Get the Full Story Complete the form to...