The banking, lending, and debt collection industries will have to wait a bit longer than expected for the Consumer Financial Protection Bureau’s (CFPB) progress on the debt collection rulemaking. This is the second delay since the U.S. government independent agency launched its advanced notice of...
The data from tax returns for roughly 100,000 households was stolen by cybercriminals who used the IRS’s online services to hack the database, the IRS said yesterday (May 26). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
To call an account takeover an “inconvenience” would be an understatement. But the fact is, the eCommerce industry is faced with the challenge of balancing the prevention of that very serious and potentially greatly harmful crime with something that is simply a matter of convenience:...
Bluetooth Low Energy (BLE) is at the center of cybersecurity attention, raising concerns about privacy and confidentiality. Context, a specialized consultancy, proved that BLE signals transmitted by many mobile phones, wearable devices and iBeacons, including the iPhone and leading fitness monitors, could be easily recorded...
The news that Target and MasterCard both failed to reach the required approval thresholds for the $19 million settlement tied to security breaches set off a flurry of press releases from the companies and interested parties last week. Get the Full Story Complete the form...
Some British customers of Uber’s ridesharing app have claimed that money has been taken from accounts for rides they never took – a claim that has spurred U.S. authorities to look into how those users have been charged by the service. Get the Full Story...
The National Security Agency, along with several U.S. allies, developed a covert plan to hack smartphones using Samsung and Google apps. The intelligence efforts – which sought to infect those apps with spyware in an effort to monitor and “misinform” targets – were disclosed Thursday...
Concerns over human and drug trafficking have led some big banks to make an extreme move in an attempt to avoid illegal money that is flowing over the border (or, more accurately, crawling under the border in dozens of long underground tunnels) and ending up...
With financial oversight focused on legitimate banks, some less-than-kosher loan providers are reaping the benefits. 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,...
