In a TV news interview this week in Detroit, a former hacker spoke about his experience as a credit card thief, but suggested it was all for fun, at least from his perspective. The man did not give his name but said that he had...
FIS and Microsoft have announced a new cybersecurity partnership. The deal includes the integration of FIS officials with Microsoft’s Cybercrime Center, which the company established in November. The two businesses also will work with the U.S. Department of Homeland Security on cybercrime initiatives, FIS said...
A group of U.S. banks, retailers and trade organizations have forged a new partnership to promote the fight against cybersecurity threats. The Retail Industry Leaders Association and The Financial Services Roundtable are among a number of organizations that are pooling resources and forming working groups,...
04 March 2014 The source code for Mt. Gox, the troubled virtual-currency exchange, has been leaked online by an anonymous hacker. Additionally, the person also disclosed to TechCrunch that he or she stole 20GB worth of customer information, including allegedly passport and other personal identification data. The...
04 March 2014 One of Citigroup’s banking affiliates, Banamex USA, is being hit by twin inquires related to fraud and money-laundering regulation compliance. Banamex, which provides banking services to communities in the United States and Mexico, recently revealed in SEC filings that it had been...
05 March 2014 Chicago’s First American Bank recently issued an advisory telling customers not to use their payment cards in local taxis. “We have become aware of a data breach that occurs when a card is used in Chicago taxis, including American United, Checker, Yellow, and...
05 March 2014 Global payment fraud-prevention and security technology company SecureBuy on March 4 announced the creation of a frictionless payment-fraud solution for mobile and online card-not-present payment processing. FICO, a predictive analytics and decision-management company, is powering the technology, according to the companies’ announcement. This...
06 MArch 2014 Mobile commerce provider CardFree is collaborating with payments technology provider Mercury Payment Systems. The partnership will enable CardFree to integrate bundle core payment processing and merchant acquiring into their already vast services list. “Mercury’s products and services provide a perfect complement to...
06 March 2014 Billeo Inc. is partnering with Danal to launch a mobile-identity solution for Billeo’s XpressBuy checkout system. The new service is intended to make online transactions more user friendly by reducing the number of steps necessary to complete online without sacrificing consumer security....