Europe’s largest hacker group claims it can defeat fingerprint-scanning security like Apple Pay’s TouchID with just a few photos that show a user’s fingers, according to VentureBeat. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
When interest rates rise in mid-2015, the credit-card business will likely see more subprime cardholders, higher credit losses for card issuers and greater reliance on customers who use their cards to borrow, not just earn rewards, American Banker reported. Get the Full Story Complete the...
While it’s not quite faster to list all the retailers and other institutions that haven’t been breached, the list of those who’ve been targets is long and scary. As we look back a year ago, who would have ever thought that the Target breach would be eclipsed – at 40...
A data broker who helped scammers steal millions of dollars from payday loan applicants is the target of a lawsuit filed last week by the Federal Trade Commission. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The Russian cyberthieves believed to be responsible for retailer payment-card breaches at Staples, Bebe Stores and 14 other chains have also stolen an estimated $25 million directly from banks’ internal payments systems, according to a report by Russian and Dutch security researchers. Get the Full...
The largest bank breach to date at JPMorgan Chase could have been avoided if the bank had installed a simple security fix in a long overlooked server in its network, according to sources close to the bank. JPMorgan spends $250 million a year on compuer...
Forget about wallets that protect your contactless credit and debit cards. San Francisco “Internet clothing company” Betabrand says it has a better solution: $168 men’s jeans and a $195 women’s blazer that come with pockets specifically tailored to block radio waves from the NFC chips...
Staples on Friday (Dec. 19) said that it has now confirmed that at least 1.16 million payment cards were impacted in the breach it announced in September. It found malware at 115 of its more than 1,400 stores and is now reporting that “malware may...
The number of overly complex solutions being proposed for payment-card fraud keeps increasing, even though the industry already knows how to solve the problem, according to security blogger Brian Krebs. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
