T-Mobile was reportedly hacked in a recent cyberespionage attack on American and international telecommunications companies. Hackers with ties to a Chinese intelligence agency were able to get into the T-Mobile network as part of a monthslong effort to spy on the cellular communications of high-value...
Risk management has been a longstanding principle in payments and commerce. Identifying risks, and being able to avoid them, is key to accelerating growth. And as businesses rely on digital payments, the role of the chief information security officer (CISO) has become central to protecting...
American Express has formed a deal with financial data company MX Technologies, giving their users access to improved financial management capabilities. The API-powered data access agreement will offer customers new digital banking options by connecting their American Express accounts with third-party financial institutions and FinTech...
Over 160 of the world’s largest enterprises had their data stolen this year. All by the same attack strategy. Each of the businesses, ranging from AT&T and Santander Bank to Advance Auto Parts and Ticketmaster parent company LiveNation, had uploaded massive volumes of sensitive customer...
October 07, 2024
As artificial intelligence (AI) chatbots enter workplaces, they’re not just boosting productivity — they’re opening digital back doors to corporate secrets, with over a third of employees unwittingly playing the role of gatekeepers. A Sept. 24 survey by the National Cybersecurity Alliance revealed a startling trend: 38% of employees share sensitive work information with AI […]
July 30, 2024
As digital commerce evolves, businesses are constantly seeking innovative solutions to enhance their payment processes. And providers are working around the clock to give them exactly that. The emergence of...
July 23, 2024
The U.S. Commerce Department plans to unveil proposed regulations next month concerning connected vehicles, with a specific focus on critical software components manufactured in China and other nations deemed as...
July 10, 2024
Maybe there’s one bit of stolen digital information fraudsters can’t make use of: tokens. Calling them “the magic behind payments,” Valeri Vanourek, vice president of digital products at Discover® Global...
November 25, 2024
New York state has penalized two auto insurance giants for failing to secure customer data. Geico and Travelers will pay a combined $11.3 million in penalties “for having poor data security,” which allowed more than 120,000 New Yorkers’ information to be compromised, the New York Department of Financial Services (NYDFS) announced Monday (Nov. 25). The […]
November 17, 2024
T-Mobile was reportedly hacked in a recent cyberespionage attack on American and international telecommunications companies. Hackers with ties to a Chinese intelligence agency were able to get into the T-Mobile...
November 07, 2024
American Express has formed a deal with financial data company MX Technologies, giving their users access to improved financial management capabilities. The API-powered data access agreement will offer customers new...
September 29, 2024
The information security chief for SolarWinds says the world needs tough cybersecurity laws. Tim Brown made this case in an interview Sunday (Sept. 29) with the Financial Times (FT), his...
