Cryptocurrency hackers stole from at least 6,000 Coinbase Global accounts in a hack between March and May 20, according to a breach notification letter sent to the customers who were affected, Reuters reported on Friday (Oct. 1). The California Attorney General’s office posted a copy...
Among the key advantages of payments orchestration — which allows merchants and platforms to connect to any combination of payment service providers (PSPs) through a single application programming interface (API) connection — are higher conversion rates and enhanced customer satisfaction. As Spreedly Head of Product...
Neiman Marcus Group has said it notified around 4.6 million online users that their personal data could have been accessed in a data breach dating back to May 2020, Reuters reported. For the millions of customers being notified about the incident, “approximately 3.1 million payment...
5G networks are fast emerging as reality, bringing with them lower latencies and blazing connectivity that promise to transform how people live, work and play. But for all the advantages 5G brings, enhanced cybersecurity is not one of them. On the contrary, for those building...
Passwords are, in a word, broken. We all know this — and yet we continue to use them almost reflexively. “Passwords provide a poor user experience in part because you need to remember all of them, and they’re an insecure form of authentication,” Entersekt Digital...
The Securities and Exchange Commission (SEC) has accused a Miami-based payday loan company and its CEO of defrauding its investors. The SEC announced the charges on Monday (Sept. 27) against Sky Group USA LLC and Efrain Betancourt, Jr., its chief executive officer, of fraudulently raising...
Synctera, which works with partnership banking, has rolled out new programs for card issuing and fraud protection, according to Finextra. The programs are called Synctera Card and Synctera Fraud. Synctera Card will allow FinTechs and sponsor banks to issue debit cards to customers and will...
It is getting harder for financial institutions to win what seems to be the endless war on financial crime. Incidences of money laundering, corruption continue to go unchecked, and one needs to look no further than the huge fines financial institutions (FIs) are hit with...
The U.S. investigation into crypto exchange Binance has expanded to include possible insider trading and market manipulation, Bloomberg writes. The inquiry has included the officials looking into whether Binance or its staff made money by taking advantage of its customers. The review involves the Commodity...
