So far this year (and there’s still one more day), Verizon reported that there have been 2,216 confirmed data breaches across 65 countries. Even more disturbing, perhaps, is that 68 percent of those breaches took months for the breached companies to discover. If that’s not...
The Federal Trade Commission, which was conducting a probe into Facebook and its practices, will be forced to shutter the investigation due to the government shutdown, according to a report by The Washington Post. The FTC was looking into a few things, including whether Facebook...
The Federal Bureau of Investigation (FBI) is warning about a new form of fraud that targets companies, schools and nonprofits around the United States. According to the Associated Press, “money mules” are individuals who (often) unknowingly use their bank accounts to transfer funds for criminals. The FBI...
Will the New Year bring an increase in cyberattacks? According to one security expert, the answer is, unfortunately, yes. According to Robert Ackerman, Jr., founder and managing director of cybersecurity venture firm AllegisCyber, and co-founder of DataTribe, a cybersecurity startup in Washington, D.C., companies should expect to see...
The Securities and Exchange Commission (SEC) and various state regulators have been investigating more than 90 cryptocurrency cases in which investors lost money. According to a report in The Wall Street Journal, the SEC is currently investigating BitConnect, a crypto investment platform that investors poured money into...
Dr. Akli Adjaoute, CEO of Brighterion, wrote this AI-focused piece as part of our 2018 year-end eBook. On Dec. 3, 2018, the U.S. Treasury’s FinCEN and Federal Banking agencies issued a joint statement encouraging innovative industry approaches to combating money laundering, terrorist financing and other illicit...
China will not stop its cyberespionage campaign against America any time soon, an expert told CNBC. Michael Fuchs, a senior fellow at the Center for American Progress, said the attacks will continue for the foreseeable future. “I think it is very fair to say that...
Microsoft issued an emergency security update for Internet Explorer after hackers were able to exploit a new flaw in several versions of the browser. “A remote code execution vulnerability exists in the way that the scripting engine handles objects in memory in Internet Explorer,” the company...
You don’t always have to go out on a limb in payments to make an accurate prediction of things to come. Take the transition to EMV in the U.S., as Damon Moorer, president and CEO at TCM Bank N.A., told PYMNTS in a recent interview. Before the...
