Security & Fraud

News
Security Flaw In Open Source Log-In Tools Could Leave Social Media Users At Risk
May 06, 2014

Another week, another extremely serious and hitherto unknown security flaw has been discovered. This time the holes seems to be in found in the log-in tools OAuth and OpenID–which are used prominently on such extremely popular sites as Facebook, Google+, LinkedIn and Microsoft, among others. Discovered...

B2B Payments
Risk Compliance Division Signs Contract With Walmart
May 06, 2014

Ebix, Inc an international supplier of On-Demand software and E-commerce services to the insurance, financial and healthcare industries announced that the Company’s Risk Compliance Solutions — RCS Division signed a contract with Walmart Canada Corporation to monitor and track certificates of insurance for Walmart. The...

News
PayPal Unaffected By OAuth, OpenID Security Flaw
May 06, 2014

As reported by PYMNTs earlier, a new security flaw has been found that effects the many, many websites that make use of OAuth or OpenID log-in tools.  Called the Covert Redirect flaw, this serious hole makes it theoretically for cyber-criminals to create malicious phishing links to capture...

News
Target CEO Steps Down After Data Breach
May 05, 2014

CEO Gregg Steinhafel has agreed to step down five months after the data breach compromised 40 million customers.

Commentary
The Payments Networks’ Next Real Threat
May 05, 2014

What begins with an 'A' and is the biggest threat to the payments networks since Judge Leon? ACH. I know, you thought we were going to say Apple. But the Paym launch in the UK got MPD CEO Karen Webster to thinking about the impact...

News
Symantec: Anti-Virus Is Dead
May 05, 2014

In a move that sounds surprisingly similar to an admission of defeat at the hands of novel hackers, anti-virus software maker Symantec has declared its intention to get out of the breach prevention end of the the anti-virus game, and instead moving its focus to...

News
FDC’s Bisignano: Security Dialogue Has Risen To C-Level
May 02, 2014

Something about level of importance, but it certainly helps get the discussion up the ladder. That appears to be the case with security, as the recent retailer breaches and the impending EMV liability-shift mandates that take effect in fall 2015 have moved the dialogue on...

Mobile
Heartbleed Attack Undetectable on Old Android Devices
May 02, 2014

According to reports, old versions of Android are still vulnerable to the bug.

Cool
Green Light For Green Dot’s Q1 Performance
May 01, 2014

Who didn’t feel the brunt of the brutal winter? Well Green Dot did, but not enough to jar Q1 results. An unexpected one-time revenue event, plus a bump on active cards and purchase volume gave investors something to smile about.