Security & Fraud

TaxSlayer Discloses Data Breach Details
February 08, 2016

It appears that TaxSlayer may have sustained a bit of a wound itself in the area of customer data security. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Security & Fraud
Former UK Bank Chief Wants To See The End Of High Denomination Paper Currency
February 08, 2016

Peter Sands, former chief executive of U.K.-based Standard Chartered Bank, thinks that high denomination bills have outlived their usefulness in legitimate transactions and are now functioning as “the currency of corrupt elites.” In a paper published on Sunday (Feb. 7), he advocates for the abolition of the €500...

Security & Fraud
Russian Authorities Allegedly Nab BoA, JPMorgan Hackers
February 08, 2016

Three months ago, Russian authorities staged raids on a Moscow film production and distribution company, tied to an effort to shutter what Reuters reported Saturday (Feb. 6) stands as “one of the world’s most notorious financial hacking operations.” Get the Full Story Complete the form to unlock...

Security & Fraud
Samsung Patent Reveals Vein Payments Authentication Plans
February 05, 2016

You know Samsung for its phones, electronics and Samsung Pay. Now, it may be time to think of Samsung in a different vein. Literally. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Security & Fraud
OPM Officials Issued Subpoena Over Breach Details
February 05, 2016

As the investigation into the massive data breach that rocked the U.S. Office of Personnel Management (OPM) rolls on, the House Oversight and Government Reform Committee issued a subpoena for additional documentation relating to last year’s cybersecurity disaster. Get the Full Story Complete the form...

Why eBay Isn’t Fixing Its Latest Security Problem
February 04, 2016

When a third-party researcher uncovers evidence of a high-profile security bug that puts consumers’ account information at risk, the company in question rushes to the rescue with patches, updates and press releases. However, when researchers from security startup Check Point Software notified eBay of a...

Security & Fraud
Alibaba’s Taobao Market Sees 20M User Accounts Compromised By Hackers
February 04, 2016

Alibaba’s Taobao eCommerce marketplace has come under attack from hackers who attempted to access over 20 million active accounts, according to a state media report posted on the Chinese Internet regulator’s website. Hackers reportedly attempted to crack the site using Alibaba’s own cloud computing services....

Security & Fraud
The Next Dimension Of 3D Secure
February 04, 2016

Where did 3D Secure 1.0 work? In security, naturally, bringing a robust and effective solution in that regard to eCommerce. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Security & Fraud
China’s $7.6B Ponzi Scam Exposes Online Finance Risks
February 04, 2016

In the latest Ponzi scheme of size and of headlines, the news of a $7.6 billion fraud emanating out of China exposes the risks of plunging into online finance, Reuters reported Wednesday (Feb. 3). Get the Full Story Complete the form to unlock this article...