Security & Fraud

Security & Fraud
Judge Tells Wells Board, Execs They Can Be Sued
October 06, 2017

Wells Fargo’s current and former executives and directors have to face most of the lawsuits lodged against the company and its executives by shareholders who want to hold them personally responsible for the fake accounts scandal. Get the Full Story Complete the form to unlock...

Security & Fraud
Dolphin Hacking And The Invisible Threats To Connected Commerce Economy
October 05, 2017

In a world where one of the three big credit bureaus can be hacked — and, as an American adult, one’s most sensitive financial information is probably already on the dark web — paranoia is not unreasonable. The fear that an international network of loosely connected criminals...

Security & Fraud
Senators Dissatisfied With Equifax’s $7M Deal With The IRS
October 05, 2017

Senators Elizabeth Warren and Ben Sasse have some questions for the Internal Revenue Service (IRS) when it comes to Equifax. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Security & Fraud
The CFPB Needs To Improve Its Cybersecurity, According To An Internal Investigation
October 05, 2017

According to a report from the Consumer Financial Protection Bureau’s internal inspector, the CFPB must do more to strengthen its protections against hacking. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Security & Fraud
Actually, 3B Users Were Affected By 2013 Yahoo Hack
October 04, 2017

Yahoo announced that it now believes a 2013 security breach exposed all 3 billion of its users at the time. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Security & Fraud
Inside Mastercard’s Journey To Predicting Card Fraud
October 04, 2017

In an age ever swelling with data breaches, reacting to fraud is not enough. Mastercard is rolling out its Early Detection System geared toward giving issuers advanced alerts on cards and accounts that may be at risk.  Being proactive is now the name of the...

Security & Fraud
Equifax Apology Tour: 2.5M More People Affected By Breach
October 03, 2017

Ahead of Equifax’s former Chief Executive Richard Smith’s testimony to Congress, the embattled credit scoring company said an additional 2.5 million customers may have been impacted by its massive data breach. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Security & Fraud
Wells Fargo Rehires Workers Fired In Fake Account Scandal
October 03, 2017

Wells Fargo, the embattled bank still reeling in the wake of a fake account scandal, has reportedly brought back more than 1,000 former employees, Reuters reported Monday (Oct. 2). Citing prepared congressional testimony by Wells Fargo, chief executive Tim Sloan said more than 1,780 employees who were let...

Security & Fraud
Cybersecurity Falls Short In September
October 02, 2017

Since Sept. 7, the media has been abuzz over the security breach at credit scoring company Equifax and the vast number of consequences the incident set in motion, from the resignation of the company’s CEO to lawsuits filed by state Attorneys General across the U.S....