California’s legislature is considering a license for Bitcoin exchanges that would require maintaining bank-style reserves against possible losses, CoinDesk reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Several large U.K. banks may be at risk because of a security hole in their two-factor authentication systems, and regulators aren’t acting to deal with the problem, a security research company has revealed. Get the Full Story Complete the form to unlock this article and...
U.S. banks and their customers remained the top targets for financial malware in 2014, even as the infection rate for trojan-style attack software was cut in half, according to a new report from Symantec. Get the Full Story Complete the form to unlock this article...
By the end of 2018, U.S. card-not-present fraud losses are expected to reach $6.4 billion. While the U.S. migrates to EMV to help prevent card-present fraud, the fraudsters are migrating their focus to the online world. Organized crime rings are increasingly nabbing funds in jaw-dropping,...
After a 2013 cyberattack cost it $1.03 million, a public hospital in Washington state is now suing Bank of America to recover some of its losses. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Alibaba’s executive team has repeatedly said it’s taken strict measures to combat fraudulent sellers on its marketplaces, but there’s another force in China’s e-commerce market that’s making it harder to regulate: brushing. Get the Full Story Complete the form to unlock this article and enjoy...
Retailers are fed up with hearing from banks and credit unions that they don’t care about payment-card security and fraud, Bank Info Security reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
$16 billion was stolen from 12.7 million identity fraud victims in 2014 — and that was an improvement, according to a Javelin Strategy study released on Tuesday (March 3). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Customer credit and debit card information on Natural Grocers’ cash registers has been illegally accessed; what’s being done with that information remains to be seen. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
