Security & Fraud

Security & Fraud
CFPB Fines Mastercard, UniRush $13M
February 02, 2017

The Consumer Financial Protection Bureau (CFPB) announced Wednesday (Feb. 1) that it took action against Mastercard and UniRush for alleged breakdowns that the government watchdog said left tens of thousands of economically vulnerable RushCard users unable to access their own money to pay for basic...

Security & Fraud
Identity Fraud Numbers Rose 16 Percent In 2016
February 02, 2017

The number of identity fraud victims rose 16 percent in 2016, marking the highest level since Javelin Strategy & Research began tracking the trend in 2003. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Security & Fraud
Trump To Sign Cybersecurity Executive Order
February 01, 2017

Cybersecurity is a big issue in the U.S., and President Donald Trump is taking steps to increase the government’s role in combating it by signing an executive order Tuesday (Jan. 31) that requires the heads of government agencies to have a more direct part in...

Security & Fraud
Vesta’s Vista On The Merchant’s Fraud Challenge
February 01, 2017

ECommerce merchants: Call it a trifecta of pressures hitting you right where you live — at the top and bottom lines. Vesta’s Tom Byrnes, CMO, told Karen Webster that the digital age has brought a whole new set of challenges when it comes to fighting...

Security & Fraud
Ransomware’s Latest Victim — Hotels
January 31, 2017

Name any connected device or object, and there’s a chance it will be hacked. From baby monitors to smartphones and beyond, there’s virtually nothing that can’t be breached and/or compromised. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Security & Fraud
Hacker Tracker: Yahoo In Hot Water, Selfie Security Risks, US Data Breaches Surge
January 27, 2017

There are times when cyberthreats can come in places where you least expect them. 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 our daily newsletter, PYMNTS...

Security & Fraud
Americans Don’t Trust Institutions To Protect Their Digital Security
January 27, 2017

According to new data released by the Pew Research Center, the majority of Americans have at this point been hacked or otherwise have had their data or identity stolen.  The study also found that Americans are becoming increasingly less sure that their personal data is secure...

Security & Fraud
Visa Finds Counterfeit Fraud Is Down 52 Percent Since First Full Year Of Chip Cards
January 27, 2017

The start of 2017 marked the first full year since the U.S. started moving to EMV chip cards, and Visa found that, since then, counterfeit fraud has dropped by 52 percent. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Security & Fraud
Russian Hacker Tracker At Kaspersky Lab Arrested On Treason Charges
January 26, 2017

One of the top cybercrime experts at Russia’s biggest cybersecurity firm was arrested on charges of treason last month. 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...