Jumio’ new Bitcoin-related security system sounds like it came out of a science fiction novel. Under its innocuous name, Bison (Bitcoin Identity Security Open Network), the system aims to instill greater trust and confidence in a virtual currency ecosystem beset with security headaches, according to...
In her commentary column in the March 24 PYMNTS newsletter, Market Platform Dynamics’ CEO Karen Webster asked whether now is the time to hit the pause button on EMV. She’s not alone in sharing that view, as more payments-industry insiders are wondering whether the push for...
In the latest of the string of data breaches that have accompanied the beginning of 2014, the California Department of Motor Vehicles (DMV) has reportedly been the latest target of cyber-criminals. “The Department of Motor Vehicles has been alerted by law enforcement authorities to a...
Richard Clarke's assessment of the state of cybercrime in the U.S. started quite the conversation at The Innovation Project. So much of one, that it got MPD CEO Karen Webster to thinking about EMV's future as a "must-have" security protocol for card fraud. She's come...
Hackers seems to be taking a break (OK, we know they’re not). But there were no major merchant data breaches to report again this week. Perhaps the plenty of activity around creating and introducing defense mechanisms is having an affect.
Secure payment-technology provider Bluefin announced today it became the first company in the U.S. to receive PCI validation for a point-to-point encryption (P2PE) solution. While the PCI Security Standards Council, which provided the validation, has been around for some time, no other company has achieved...
Even hackers get hacked sometimes. Unknown culprits on Monday shut down websites known to host credit card data stolen in the December data breach. “Hi subhumans and miscreants, your fraud site is gone now. Go away,” reads the first line of a message (http://blogs.wsj.com/digits/2014/03/17/with-credit-card-data-in-play-who-hacks-the-hackers/?mod=ST1) posted...
A 44-year-old man reportedly was in jail late last week accused of bilking more than 100 alleged victims in a fraudulent ATM-investment scheme. Michael Brendan Ferguson convinced the individuals to invest, allegedly bilking them out of $750,000, reports ATM Marketplace. The scheme ended when an...
Less than a week after striking a similar agreement with MasterCard, Fiserv on March 17 announced an agreement to make Visa’s common debit EMV solution available for the Accel debit network. Under the agreement, Fiserv will adopt Visa’s common debit solution, offering issuers, acquirers and...
