Security & Fraud

News
After Heartbleed Bug Only 39% of Adults in U.S. Changed Passwords
May 01, 2014

According to a study, many adults have yet to change their passwords after the security flaw.

B2B Payments
Vietnam’s Asia Commercial Bank to Deploy CyberSource
April 30, 2014

CyberSource, a global provider of eCommerce payment management services, today announced a partnership with one of Vietnam’s largest privately held banks, ACB (Asia Commercial Bank). The agreement allows ACB to launch CyberSource’s global payment gateway solution and fraud management tool, Decision Manager. This will help...

News
HCE Warning From SIMAlliance
April 29, 2014

Host Card Emulation (HCE) is gaining wide traction in the industry as a way to bring NFC capacity to the masses. However, SIMAlliance, the non-profit industry association promoting the use of the Secure Element, warns that the system remains immature, unstandardized and relatively open to...

Sunlot Moves to Halt Japanese Mt. Gox Liquidation
April 29, 2014

A group of investors is splitting the bitcoin community with their plan to halt the liquidation of Mt.Gox through a purchase of the bankrupt bitcoin exchange. The group, Sunlot, has received approval from its North American and European creditors for the controversial plan and is...

B2B Payments
Small And Midsize Businesses Most Vulnerable, Latest Verizon Breach Report Finds
April 26, 2014

Though the Target and Neiman Marcus breaches late last year have received significant attention, a new report out by Verizon suggests the security emphasis should be on smaller entities that are most vulnerable. And most of the recent attacks appear to be coming from Eastern...

B2B Payments
Fraud Prevention, Regulatory Compliance and Risk Mitigation Tools Integrated into Global Payout, Inc
April 25, 2014

Global Payout, Inc. a program manager of B2B custom and conventional electronic payment solutions for domestic, international and multinational businesses, organizations and government agencies worldwide, announced they have integrated a set of fraud prevention, regulatory compliance and risk mitigation tools to its MoneyTrac(TM) Consolidated Payment...

Cool
Tax Returns, Confused Consumers Credit Card Fraud…And Other Friday Factoids
April 25, 2014

Do you know … How many billions of dollars will be lost to credit card fraud this year? How many consumers have no idea what NFC is or what it’s for? Or how many tax returns the IRS had in by tax day on April...

‘BadLepricon” Malware Turning Android Phones Into Surreptitious Bitcoin Miners
April 25, 2014

Advertised as a wallpaper app for Andriod phones in the Google play store, “Bad Lepricon” malware hijacks end-user devices like smartphones and tablets for the purpose of the computationally intensive process of mining bitcoins.  To escape detection, the malware monitors the phone for battery life...

Merchant Innovation
Bitcoin Tracker Week 21
April 25, 2014

Bitcoin traded in the in a fifty dollar range going from as low as about $450 and as high as $506, ending at $464 at about 7am EST on Friday. Our volatility index shows Bitcoin at a whopping 29 times more volatile than the euro....