Security & Fraud

SEC Probing BoA About Possible Customer-Protection Violation
April 29, 2015

The Security and Exchange Commission is reviewing if Bank of America violated its customer-protection rules that were put in place to protect its clients’ accounts, The Wall Street Journal reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

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CFPB Issues Ruling Against Bank For Illegal Overdraft Fees
April 29, 2015

The Consumer Financial Protection Bureau announced yesterday (April 28) that it has made its first enforcement ruling against a bank that was accused of issuing illegal overdraft fees from its customers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Starbucks POS Glitch Shows Gap In Register Tech
April 28, 2015

When Starbucks’ POS experienced a massive glitch last week, some consumers rejoiced as they got free coffee (except those who were turned away when stores shut down). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Would You Hire A Professional To Hack Your Systems?
April 27, 2015

  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. By completing this form, you agree to receive marketing communications from PYMNTS...

200K eCommerce Sites At High Risk For Hack
April 27, 2015

New data from Check Point Software Technology shows that there may be have been a “massive vulnerability” in the Magento eCommerce Platform that could have a significant impact on the security of the eCommerce Market. Get the Full Story Complete the form to unlock this article...

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DDoS Attacks Cost Banks Up To $100K Per Hour
April 27, 2015

Denial-of-service attacks against financial networks are increasing, and recent reports say they’re costing banks as much as $100,000 per hour, according to American Banker. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Banks To Judge: Stop The Target/MasterCard Settlement
April 24, 2015

Some of the banks and credit unions whose customers’ MasterCard payment cards were compromised in Target’s huge 2013 data breach are trying to stop a proposed $19 million settlement between the retailer and the card brand, Reuters reported. Get the Full Story Complete the form...

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Google’s Security Algorithm For Payments
April 23, 2015

Speaking at a Wall Street Journal forum in New York, Google Chief Compliance Officer Andy Hinton said Tuesday (April 21) that the world’s most successful search firm has turned its expertise in data analysis to compliance and is working to develop an algorithm that can spot...

HP And FireEye Join Breach-Fighting Forces
April 22, 2015

HP and cybersecurity company FireEye are partnering to beef up HP’s security consulting business and give FireEye more global reach, the companies announced on Tuesday (April 21). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...