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...
Unveiling a series of proposed new virtual currency regulations for New York state—which will likely be copied by other states and potentially federal regulators as well—Benjamin M. Lawsky, the superintendent of the New York State Department Of Financial Services, said that virtual currency startups need...
Five retail trade organizations including the Food Marketing Institute, National Association of Convenience Stores, National Grocers Association, National Restaurant Association, National Retail Federation and the Retail Industry Leaders Association have written to the United States Comptroller of Currency and the Senate Banking Committee to clear...
When breach notification letters become as common as holiday cards and promotional flyers from the local grocer, they tend to lose any impact. That’s the concern being raised following poll results released Wednesday (Dec. 17) from the Wall Street Journal and NBC News that showed...
