Security & Fraud

News
Stolen, Unencrypted Laptop Leads To US HealthWorks Data Breach
June 03, 2015

U.S. HealthWorks, a California-based health care service provider specializing in urgent care and occupational medicine, recently alerted employees to a data breach after a password protected (but unencrypted) laptop was stolen in April. Get the Full Story Complete the form to unlock this article and...

Intuit Launches QuickBooks Mobile EMV Card Reader
June 03, 2015

Ahead of the October 2015 transition to the EMV liability standards, Intuit is offering the QuickBooks Mobile EMV Card reader, currently available to small businesses via pre-order. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

News
UK Government raises awareness on cyber security
June 03, 2015

According to UK government research published this week, the average cost of the most severe online security breaches for a big business now starts at £1.46 million ($2.23 million)– up from £600,000 ($919 680) in 2014. With 90 percent of large organizations and 74 percent of...

Top Issuers Stalled MasterCard’s Target Breach Settlement
June 03, 2015

When news broke that MasterCard’s $19 million security breach settlement with Target had come to a halt, there wasn’t much indication as to why — except that it didn’t get the necessary support. But a Wall Street Journal report yesterday (June 2), gave a bit more...

News
IRS Skipped Steps That May Have Prevented Breach
June 03, 2015

IRS is in the eye of the tiger, as the agency’s inspector general told Congress yesterday that the IRS failed to implement security upgrades to its computer systems, reported the Associated Press yesterday (June 2). At the end of May, the IRS announced that the data from...

Money Laundering Probe May End Citigroup’s Banamex USA Unit
June 02, 2015

Citigroup may wind down its Banamex USA operations as a part of a settlement with U.S. regulators amid allegations that the California-based unit has been beset by weak money laundering controls. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Blockchain Wallet Security Flaw Misroutes $8K Worth Of Bitcoins
June 02, 2015

Blockchain, the bitcoin wallet company, recently discovered it had sent $8,000 worth of bitcoins to a wrong address, which was a result of what the company called a security bug in its Android wallets. Get the Full Story Complete the form to unlock this article...

The Cyber Threats Hiding Beneath the Surface
June 02, 2015

“The battle between the ‘good guys’ and the cybercriminals will continue to intensify with consumers’ personally identifiable information in the wild.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Woolworths’ Email Mishap Leaks Gift Card Codes, More
June 01, 2015

A security breach experienced by Woolworths, an Australian supermarket chain, further fuels the debate on the growing costs of data breaches worldwide. Last week, a spreadsheet with the personal details (names, emails and gift codes) of thousands of Woolworths customers was mistakenly emailed to around...