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Facebook Data Breach Fines Could Top $1B

Facebook, the beleaguered social media giant that is facing intense scrutiny into its business practices, could be on the hook for a...

Chinese Hackers Target Navy to Steal Secrets

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Chinese Hackers Target Navy Contractors To Steal Military Secrets

Chinese hackers have targeted U.S. Navy contractors and subcontractors to steal classified military information, according to a report by The Wall Street...

Govt. Cyberattacks May Be Linked to Lazarus Grp.

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Govt. Cyberattacks May Be Linked To Lazarus Group

Dozens of companies around the world were infiltrated by hackers using malicious software programmed to steal information, according to a report by...

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News

Five At Five: The ‘Amazon Effect’ And Hiring

Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes the latest data about...

FCA: Most Boards Don't Know Cybersecurity Risks

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FCA: UK Banks Face Cybersecurity Risks

The Financial Conduct Authority (FCA), the U.K. watchdog, released the findings of a study Wednesday (Dec. 12) showing that boards and management...

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Marriott Hack Part Of Broader Chinese Intelligence-Gathering Effort

The Marriott data breach which exposed the data on about 500 million guests was part of a wider campaign by China to gather information,...

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Microsoft Bug Hunter Able To Take Over Subdomain

Microsoft’s accounts were accessible by a bug hunter residing in India who was able to take over the success.office.com subdomain because it...

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Report: 91 Pct Of Retailers Aren’t PCI Compliant

With retailers struggling to get compliant with the Payment Card Industry Data Security Standard, qualified security assessors are going to be in more...

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Facebook Played Favorites With Data

Facebook, under renewed scrutiny for its business practices, enabled certain companies such as Netflix and Airbnb to access the friends lists of users...

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China May Have Been Behind Marriott Data Breach

The hackers behind that data breach at Marriott International may have been working for the government of China as part of an...

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Global Payments

Natixis Payments Brings Apple Pay To Apetiz; UniCredit Rolls Out Google Pay

Welcome to The Axis, your late look at payments news from around the world. Coverage includes France’s Natixis Payments bringing Apple Pay to...

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FTC Seeks Input On ID Theft Prevention Rules

The Federal Trade Commission announced Tuesday (December 4) it is seeking comment on whether the agency should make changes to rules requiring...

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A Hacker Group Has A List Of 35K CFOs To Target

Chief financial officers at some of the world’s biggest banks and mortgage companies are in the crosshairs of a hacker group that compiled...

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Mastercard, Microsoft Team On Digital ID

Mastercard and Microsoft announced Monday (December 3) a strategic collaboration to improve how people manage and use their digital identity. In a...

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2015 Marriott Breach: Prelude To 2018 Cyberattack?

Marriott International, which announced last week it was the victim of a hack in which the bad guys accessed its reservation database...

Partnerships / Acquisitions

Google

Google CEO To Face Congress Over Data Privacy

Sundar Pichai, Google’s chief executive is preparing to testify before the U.S. Congress next week in what is expected to be a...

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Deutsche Bank Denies Merger With UBS, Commerzbank

Deutsche Bank is not concerned it will be a takeover target despite a steep sell-off in its stock late last week after...

Ex-DoJ Staffer Pleads Guilty In 1MDB Scandal

George Higginbotham, a former Department of Justice employee in the U.S., pleaded guilty as part of the 1Malaysia Development Berhad bribery and...

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Congress Writes Second Letter To Amazon About Rekognition

Eight members of Congress wrote a letter to Amazon CEO Jeff Bezos on Thursday, reiterating its concerns about the tech giant’s facial...

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Dunkin’ Alerts DD Perks Account Holders That Hackers May Have Accessed Data

Dunkin’, the operator of Dunkin’ Donuts franchises, is alerting DD Perks rewards program account holders that its profiles and data may have...

Hackers Are Using Leaked NSA Tools To Target Networks

The UPnProxy vulnerability that was used more than a year ago as a National Security Agency (NSA) hacking tool is still going...

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Facebook Could Face Coordinated Regulation By Nine Countries

Facebook could face coordinated regulation by nine countries after chief executive Mark Zuckerberg refused to be questioned by an international committee on...

EU Files Privacy Complaint Against Google

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EU Watchdogs File Privacy Complaint Against Google

Google is facing a privacy complaint filed by a group of European consumer watchdogs that contend the internet giant used manipulative tactics...

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UK Financial Firms Plagued By Tech Outages

Financial Services companies in the U.K. aren’t doing a good job keeping their IT systems up and running, with the Financial Conduct...

Uber Fined by UK, Dutch Regulators for Breach

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Uber Gets Fined By UK, Dutch Regulators For 2016 Data Breach

Uber was hit with a fine by U.K. and Dutch regulators on Tuesday (Nov. 27) for the data breach in 2016 that...

3.2K

Money Laundering? Dutch Police Find $400K In Washing Machine

Money laundering took on a new meaning this past week after Dutch police arrested a man who had hidden $400,000 in cash...

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Travel Payments

EU Probes Sabre, Amadeus Over Airline Ticket Prices

The European Union has launched an inquiry into deals between players in the air travel industry that may have resulted in a...

3.2K

Department Of Justice Accuses Globvision CEO Raul Gorrin Of Bribery

The U.S. Justice Department has accused Raul Gorrin, the owner of Globvision, the Venezuelan television channel and Seguros La Vitalicia, the insurance...

Bank Regulation

ECB To Launch Watchdog Network For AML

The European Central Bank is gearing up to launch a network of watchdogs that share information on money laundering in an effort...

Facebook Stock Faces Pressure After Report

Facebook Stock Hits Two-Year Low

Facebook, the leading social media company, is facing pressure after The New York Times issued a damaging report, with the stock falling...

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Danske Bank Whistleblower Implicates Major EU Bank, US Lenders

Danske Bank whistleblower Howard Wilkinson, speaking during a public hearing at the Danish parliament Monday (Nov. 19), contended that a major European...

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SEC Charges Two Firms With ICO Violations

The U.S. Securities and Exchange Commission late last week settled charges with two companies it charged with offering digital tokens in a...

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Healthcare.gov Hack Exposes Consumer Data

The Centers for Medicare and Medicaid Services (CMS) confirmed on its website that it was the victim of a data breach in...

Survey Shows How Consumers Protect Their Data

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Ping Identity Survey Shows Consumers Will Go To Great Lengths To Protect Their Data

Ping Identity, the Identity Defined Security (IDS) company, announced on Wednesday (Nov. 7) that it has released the results of the Ping...

Radisson Hotel Rewards Members’ Data Compromised In Breach

The Radisson Hotel Group suffered a data breach that impacted its loyalty and rewards program customers, reported ZDNet. According to a report...

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Department Of Justice Announces Indictments In 1MDB Fund Scheme

The U.S. Justice Department announced Thursday (November 1) a three-count criminal indictment charging two individuals in a conspiracy to launder billions of...

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Biometrics

Chinese Banks Embrace Facial Recognition To Fight Fraud

Banks in China have embraced micro-expressions technology as they try to combat fraud earlier by studying the facial movements of customers. The...

Banking

Chief Administrative Officer, Chief Auditor At Wells Fargo Take Leaves Of Absence

Wells Fargo announced Wednesday (October 25) that its chief administrative officer Hope Hardison and chief auditor David Julian have begun leaves of...

Safety and Security

Apple CEO Calls On The US To Embrace EU-Type Privacy Laws

Tim Cook, the chief executive of Apple, is calling on the government in the U.S. to embrace privacy laws that are similar...

SWIFT-Payment-Controls-cross-border-security

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SWIFT Launches Payment Controls To Beef Up Protections

SWIFT announced Monday (October 22) the launch of Payment Controls, a new in-network solution to combat fraudulent payments and to help strengthen...

Facebook-cybersecurity-merger-databreach

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Facebook Is Looking To Buy A Cybersecurity Company

Facebook is reportedly gearing up to acquire a cybersecurity company in an effort to assure users that security is a top priority...

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