Security & Fraud

Security & Fraud
How One Hacker’s Flub Saved One Bank $1B
March 11, 2016

It’s hard to believe that taking the time to double-check spelling could have allowed unknown hackers to pull off a nearly $1 billion bank heist last month. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Security & Fraud
FCC’s Privacy Proposal Calls For Data Breach Disclosure
March 11, 2016

Thursday (March 10) marked the release of a proposal by the Federal Communications Commission to protect consumer privacy yet allow for data collection activities. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Security & Fraud
Why The FBI Thinks Ransomware Is A Growing Threat
March 11, 2016

An increasing number of Americans are finding themselves hit by so-called ransomware — malicious software that holds a user’s computer hostage unless the perpetuator is paid off, generally in bitcoin. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Security & Fraud
DOJ: Apple ‘Deliberately Raised Technological Barriers’ For FBI
March 11, 2016

The feud between Apple and the FBI has turned hostile, with the government agency calling out Apple’s actions as false and corrosive to the very system meant to protect rights. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Security & Fraud
FTC Nabs Brokers For Selling Consumers’ Bank Credentials
March 10, 2016

The Federal Trade Commission said on Wednesday (March 9) that it requested, and a federal district court granted, bans on seven people, Ideal Financial Solutions and that company’s subsidiaries from collecting or disclosing consumer information. The court, in turn, imposed nearly $80 million in judgments...

Why Eliminating The CVV Helped Fiverr Fight Fraud
March 09, 2016

Fiverr’s online marketplace connects creative professionals with businesses that need those services. The nature of those transactions also mirrored how the bad guys wreak their havoc: lots of small dollar buys in the same day. So in the spirit of being creative, Fiverr got creative...

Security & Fraud
Moving Encryption To A New Standard
March 09, 2016

As it stands now, encryption is good for payments security – but needs streamlined processes for adoption and also technology standards. Verifone’s VP of product security, Rob McMillon, explained how such goals can be attained.

Apple’s Mac Ransomware Crisis Contained
March 09, 2016

The good news for Apple this week is that the ransomware attack was contained. 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
Home Depot Settles 2014 Data Breach Suit
March 08, 2016

Another major step in the Home Depot 2014 breach case has been settled. 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 Today....