A patent originally filed in October 2010 was assigned to MasterCard International, Purchase, NY, according to Insurance News Net. The patent was developed by a team of five members, and offers “methods for risk management” in mobile devices like smart phones that can be used...
There is no one in the financial services industry that likes identity theft, but after 20 years of watching it climb consistently upward annually, a certain level of acceptance has set in. Fish have swim, birds have fly and fraudsters have to steal consumers identities,...
A state lawmaker in Massachusetts reportedly has introduced a bill that would require banks to install added security measures at their ATMs, and representatives for both the ATM and banking industries are fighting it. Reacting to acts of violence occurring near ATMs, the lawmaker,...
Hackers are taking advantage of the Heartbleed situation. Customers’ session tokens remain vulnerable allowing hackers to masquerade as a legitimate authenticated user. “[With} an active session token, the attacker successfully hijacked multiple active user sessions and convinced the VPN concentrator that he/she was legitimately...
Beacondo is free for anyone to use and will provide a simpler way to create iBeacon-supported apps.
The National Retail Federation testified before a field hearing of the House Homeland Security Subcommittee on Cybersecurity, Infrastructure Protection, and Security Technologies.
Pop Quiz, how many rewards program are you a member of right now? If your answer is in the family of “ummm, I don’t know, a lot?” then according to New York Times Reporter and best-selling author Charles Duhigg, those rewards programs are failing both...
Fingerprint-based identification has had a bumpy road to adoption. It is popular with the right people: Apple incorporated a touch-based fingerprint scanner into the iPhone 5s and Samsung recently release the Galaxy S5 with a much touted fingerprint scanner. However fingerprint scanning has some problems....
According to a Verizon’s annual report on data breach investigations, hackers in 2013 were particularly invested in Web application attacks, cyber-espionage and point-of-sale intrusions. Finance suffered the most at the hands of cyber-criminals and was the victim of 465 separate reported breach incidents. Finance’s dubious distinctions...
