Security & Fraud

SEC Issues Second Warning About Investing In Bitcoin
May 12, 2014

More trouble for the seemingly constantly under-siege bitcoin. The Securities and Exchange Commission has once again warned investors away from the digitally backed currency. “A new product, technology, or innovation – such as Bitcoin – has the potential to give rise both to frauds and...

Breach Round Up
Social Media Latest To Feel Security Flaw Impact
May 10, 2014

Another week, another discovered security flaw. This week’s flaw, dubbed “Covert Redirect,” allows cyber-attackers to disguise themselves as log-in popups based on an affected site’s domain. Social media sites are among those affected, leaving potentially millions of users at risk of having personal information stolen.

News
Acid ATM’s: The Security Solution Of The Future?
May 09, 2014

While most security experts are looking toward the technologically cutting edge to solve pressing security problems, researchers in Zurich are going back to nature to find inventive ways to fight off thieves. Specifically, they are looking to the bombardier beetle which comes naturally equipped with one...

News
New York Getting Serious About Cyber-Security Threat
May 08, 2014

Coming soon to New York’s banks– a cyber security assessment to be carried out by the state Department of Financial Services (DFS).  The proposed security audits come on the heels of a DFS report that indicates that the number of attacks from all sorts of...

B2B Payments
Can Multiple Banking Relationships Ruin Cash Flow?
May 07, 2014

Not having standardized payment workflows makes it difficult for many companies with wieldy systems to track their cash flow, according to a new report. Consolidating banking relationships and centralizing the process can save money through greater efficiencies while also reducing the potential for fraud.

News
Bitcoin-based Crowdfunding Raises $125K for Assassination
May 07, 2014

This particular website is only accepting bitcoins to protect the identity of crowdfunders and assassins through their financial transactions.

News
After The Breach, Target Sets the Bar For Credit Card Security
May 06, 2014

In the months since a massive, multi-month data left tens of millions of customer’s data exposed, Target has been leading the industry in adopting more stringent anti-fraud mechanisms, including an accelerated adoption of  chip-and-PIN (EMV) technology for its store-branded credit cards. Though Europe has been...

CA Technologies
Get The Payments Security Playbook on May 22nd
May 06, 2014

Who in payments isn't looking for the playbook for how to beat the new breed of fraudster at his game? Well, CA Technologies believes it has one and it includes 10 "rules of the road" that detects possible opportunities for fraud, and then shuts it...

News
Department of Defense Sees Bitcoin as Possible Terrorist Threat
May 06, 2014

The virtual currency is seen as a potential finance threat because of an unclassified memo that was discovered.