Internet security company McAfee recently announced that the annual global cost of cybercrime is estimated to be anywhere from $375 billion to $575 billion, with the actual figure likely tipping above $400 billion. According to a recent McAfee survey, not only does cyber crime damage...
Operating under the McDonald’s signature golden arches on a red background and borrowing a modified Ronald McDonald as their mascot (in this iteration he’s pointing a gun a the viewer) McDumpals is clearly in violation of a slew of intellectual property laws. Get the Full...
Just a few months after the discovery of the risk the Heartbleed Bug posed to hundreds of thousands of servers nationwide, a new security bug in OpenSSL encryption was reported and patched yesterday, according to an advisory released by the OpenSSL group. The new bug is the most...
Don’t “over-rule” your fraud system. Don’t let the 95 percent suffer at the hands of the 5 percent who shouldn’t have to. Oh, and think you can substitute good employees for good documentation? Think again. These are but 3 of the 10 fraud solution “no-no’s”...
Hunting down and dealing with fraudsters quickly and accurately doesn’t just mean keeping the fraudsters out – it means knowing what customers need to be allowed in. That’s where having foolproof authentication becomes critical. ThreatMetrix’s new product, Trust Tags, is a “next gen” authentication tool...
The biometrics group at the Idiap Research Institute in Switzerland recently announced that they had found a way to “spoof” a vein recognition device. Previously, vein recognition software was considered to be difficult to hack or spoof. This was because the biometric patterns created by...
Bitcoin’s promising South American development has hit a bump in the road with Argentinian Central Bank having gone and issued a warning on the perils of getting involved with digital currencies. Though bitcoin is not the only digital currency, it is the largest one. Get...
In the digital age, data breaches are unfortunately becoming more common. American Express can add its name to the long list of companies affected by hackers getting access to consumers’ personal information. Get the Full Story Complete the form to unlock this article and enjoy...
BioCatch in late May launched an eCommerce fraud-prevention to that uses behavioral biometric analysis to detect suspicious behavior and authenticate repeat customers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
