Security & Fraud

News
FTC Can Hold Companies Liable For Lax Cybersecurity
August 25, 2015

A federal court said on Monday that companies that fail to provide their consumers with “reasonable protections” against data breaches can be sued by consumer protection agencies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

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Business Security Gets Crowdsourced
August 24, 2015

As the nature of security threats, both physical and cyber, continue to evolve so have the strategies companies are using to combat the sophisticated nature of these criminal activities. One of those strategies is the idea of “crowdsourcing” security efforts, which involves security executives sharing...

News
Taxpayers Sue IRS Over Data Breach
August 24, 2015

While the Internal Revenue Service is still dealing with the repercussions of the massive cyber attack that compromised the data from tax returns for roughly 330,000 people, now it is also facing a class action lawsuit.

News
Facebook’s Cybersecurity Platform Hits Critical Mass
August 24, 2015

More than 90 companies are now using Facebook’s cybersecurity platform ThreatExchange to share security and threat information.

Gang Members Indicted On Identity/Card Fraud
August 24, 2015

Members of an Elizabeth, New Jersey-based street gang turned to white collar crime, with an emphasis on identity fraud, NJ.com reported last week (Aug. 17). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

International
China Cracks Down On Cybercrime With 15K Arrests
August 24, 2015

Chinese police arrested 15,000 people for allegedly committing cybercrimes, which came as a result of the investigations of more than 7,400 cases involving offenses such as hacking, online fraud and the illegal sale of personal information.

News
Consumer’s Chip Card Conundrum
August 24, 2015

The EMV migration deadline is coming and while consumers will be faced with a change in the way they pay, it may be merchants who truly aren’t prepared for the shift.

Ashley Madison Hack Sparks Lawsuit
August 24, 2015

The Ashley Madison data breach that leaked the personal information of 37 million people has sparked a class-action lawsuit. 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...

Why The Ashley Madison Hack Is More Scary Than Funny
August 22, 2015

Still laughing about the Ashley Madison hack? Might just be time to sober up. This time, watching an embarrassing hack unfold might have been a bit of guilty fun - but the Web is full of opportunities for consumers to do things they might not...