Security & Fraud

Security & Fraud
Kaspersky Lab Finds New Version Of Faketoken Aimed At Ride Hailing Customers
August 18, 2017

Kaspersky Lab announced Thursday (Aug. 17) it has discovered a new modification of the Faketoken Android Trojan, a mobile banking Trojan that can steal credentials from popular ride hailing applications. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Security & Fraud
Survey Says Security Professionals Doubt Effectiveness of Encryption Backdoors
August 18, 2017

Venafi, the provider of machine identity protection, announced Thursday (Aug. 17) that, based on survey results, the majority of IT security professionals think encryption backdoors aren’t effective and can be potentially dangerous. Get the Full Story Complete the form to unlock this article and enjoy...

Security & Fraud
Too Much Security? There’s No Such Thing
August 18, 2017

Retailers are retailers, not security experts. Too often, their best efforts can create friction at the point of sale for consumers, which leads to shopping cart abandonment and lost revenue, all while feeding the illusion of “too much security.” Get the Full Story Complete the...

Security & Fraud
June’s Cyberattack Cost Maersk $300M
August 17, 2017

Losing money is never something that companies look forward to, but it’s likely something that’s expected to happen from time to time. With today’s digital sphere ingrained in every aspect of business, it’s tough not to have some part of the business taken advantage of...

Security & Fraud
Worldwide IT Security Spending To Hit $86.4B This Year
August 17, 2017

Worldwide spending on information security products and services will reach $86.4 billion in 2017, marking a seven percent increase over 2016. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Security & Fraud
Kaspersky Lab Catches Backdoor In NetSarang System
August 16, 2017

NetSarang — a software vendor “used by hundreds of large companies worldwide, including those in financial services, education, telecoms, manufacturing, energy and transportation,” according to a spokeswoman from Kaspersky Labs — has closed and locked a dangerous back door in one of its software systems, which hackers...

Security & Fraud
Interview With A Financial Vampire
August 16, 2017

There’s a lot of money in stolen credit cards. Fraud magnate Bern Ersell declined to tell PYMNTS exactly how much, but he did give a virtual tour of his international fraud syndicate. Get the Full Story Complete the form to unlock this article and enjoy...

Security & Fraud
APT 28 Is Reportedly Behind European Hotel Wi-Fi Attack
August 14, 2017

APT 28, a cyber spying group that is suspected to be connected to military intelligence in Russia, was likely behind a cyberattack of hotel guests in countries mainly in Europe in July. Get the Full Story Complete the form to unlock this article and enjoy...

Security & Fraud
Suspect Caught In Alleged London Cryptocurrency Fraud
August 11, 2017

Ding, ding, ding! And the winner of the newest frontier of financial fraud is cryptocurrency. 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,...