Security & Fraud

News
Data Security Bill Moves Through House Committee
December 10, 2015

The Data Security Act of 2015 (H.R. 2205) took one step closer to becoming reality on Wednesday (Dec. 9) after it was voted out of the House Financial Services Committee, Credit Union Times reported. The bill came through on a 46-to-9 vote and, geared toward...

B2B Payments
The Uncharted Territory Of Blockchain Compliance
December 10, 2015

SMBs working across borders may embrace blockchain payments, but that means entering the largely uncharted territory of compliance. Here’s why, according to Align Commerce’s Jay Hansen.

News
FTC Tackles Online Privacy
December 10, 2015

The Federal Trade Commission announced Tuesday (Dec. 8) the appointment of an Internet privacy and security expert as its new chief technologist. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Merchant Innovation
Big Data Platform Platfora Nabs $30M
December 09, 2015

Big data is as ubiquitous to running a modern business as cash or POS systems, but that doesn’t mean that it’s easy or cost-effective to process all of that information in a timely and actionable manner. Fortunately, a startup that does just that is now...

Security & Fraud
EU Cybersecurity Law To Keep Companies In Check
December 09, 2015

EU lawmakers and member states are making a move to hold Internet firms accountable for reporting serious security breaches or else face sanctions, Reuters reported Monday (Dec. 7). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Another Cybersecurity Firm Looks To Go Public
December 09, 2015

Bloomberg Business is reporting that Blue Coat Systems has been taking pitches from investment banks for an initial public offering. This comes just nine months after the Internet security provider was acquired by private equity firm Bain Capital Partners LLC. Get the Full Story Complete...

News
Restaurant’s Payment Malware Incident Spans Seven States
December 09, 2015

The company known as CM Ebar LLC, which is the parent operation of the 29-unit Elephant Bar restaurant chain, said Tuesday (Dec. 8) that customers who used credit cards to pay for their purchases between August and December of this year may have been the...

In Depth
Fraudsters Move At The Speed Of Consumers
December 09, 2015

A recent white paper by IDology finds that in the wake of EMV, fraudsters are looking for new avenues to exploit – particularly over mobile devices.

Ex-Federal Agent Receives Maximum Sentence For Bitcoin Theft
December 08, 2015

Despite the potential surrounding bitcoin, the alternative payment method has been beleaguered by skepticism and ties to illegal goods ever since it first launched in early 2009. And many have become enthralled in the dark web that bitcoin can weave — even those who one would least...