More bad bank security news. It seems that a group of “Russian-speaking attackers” stole a wide range of bank security credentials using Qbot malware that was installed on some 500,000 bank PCs, according to a report in Bank Info Security, which cites a reported from...
The big bitcoin crash of 2014. That was last weekend and this week. Economist David Evans wrote a piece that put it in context. After 6 years, Bitcoin transactions remain flat, flat, flat. No other payments innovation on the face of the earth would continue...
Even though online shopper authentication systems—including Verified by Visa and MasterCard SecureCode—have been around a long time, a newly-released survey suggests that only 57 percent of retailers are bothering to use them. Get the Full Story Complete the form to unlock this article and enjoy...
A new very sophisticated set of attacks on European ATMs—using malware that has now spread to U.S. ATMs—involves knowing the time of day when the ATM malware is expecting instructions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
The details are continuing to leak out from the massive Chase attack this summer, with the New York Times now reporting that a dozen other financial institution were attacked, including Fidelity Investments and E*Trade, which were “victimized in some way by the attacks.” Get the...
Pizza Hut, who was the first retailer to truly push the capabilities of the iPhone app and has been a longtime massive support of Apple efforts, said some decidedly non-cheerleaderish comments on Monday (Oct. 6) during a tradeshow panel. Get the Full Story Complete the...
According to the National Retail Federation, merchants rely on the holiday season to generate 20 to 40 percent of their annual revenue, which means suffering the largest retail breach in history (at the time) four days before Christmas is the retail equivalent of a plague...
Smart, fast-moving, adaptable and flexible. No, we’re not talking about the latest payments innovator, we’re talking about the cybercrook. They’re finding new ways to wreak havoc with payments. But what if there was a way to fight the crooks’ intelligence with even more intelligence? On...
Fraud has become a “Whac-a-Mole” game – when fraud is whacked in one area, it pops up in another, says Stephen Ryan, Senior Vice President of Business Development at Brighterion. One of the reasons why fraud solutions on the market today aren’t effective is that...
