Security & Fraud

Payments Industry Awaits Potential Fallout Of ‘Heartbleed’ OpenSSL Flaw
April 11, 2014

Well, it might not constitute breach news per se – or it doesn’t yet anyway– but the announcement this week that two-thirds of all online websites for the past two years had been vulnerable certainly was. The security flaw, dubbed Heartbleed,” had made openly available...

Stores’ Use Biometric Face Data Sets Off Privacy Controversy In Japan
April 10, 2014

A program run between 115 Japanese supermarkets and convenience stores to share biometric customer face data has drawn criticism for offering a wide variety of possible customers’ rights abuses. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

News
Retailers Could Soon Be Liable For Hacking Damages In California
April 07, 2014

A bill is making its way through the California state legislature that would make companies like Target liable for damages after successful cyber-attacks against their system expose customer data.  Currently banks and credit card companies are on the hook for customer financial losses as a...

News
Switzerland Restricts Financial Transactions for Blacklisted Russian Officials
April 07, 2014

Swiss authorities announced last week a decision to impose restrictions on financial transactions against some Russian officials 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...

Alternative Finances
Will Louisiana Send Prepaid Packing?
April 07, 2014

Yet another state, Louisiana, is looking to convert plastic back to paper, at least when it comes to how tax refunds are distributed. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Iris Recognition: See the Future
April 07, 2014

Iris recognition technology has arrived and to be the security of the future. 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....

Breach Round Up
Breach Focus Turns To Credit Bureaus
April 04, 2014

In the past couple of weeks, Target and its security assessor have faced scrutiny over the breach Target experienced at the end of last year. Hit with a lawsuit by two banks one day, the institutions a week later dropped the litigation without saying why....

News
State Attorneys General Probing Experian Breach
April 04, 2014

 U.S. state attorneys general reportedly have launched a multistate investigation into a breach in which crooks allegedly gained access to some 200 million Social Security numbers via a unit of credit bureau Experian PLC. Get the Full Story Complete the form to unlock this article...

News
Banks Drop Target, Trustwave Suit
April 02, 2014

Trustmark National Bank and Green Bank N.A. have dropped their lawsuit against Target and its security assessor, Trustwave Holdings Inc. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....