June 08, 2016
China Officially Allows US Card Network Access
It’s been a long time coming for major U.S. payments networks, like Visa and MasterCard, but yesterday (June 7), China’s government officially lifted the hurdle for foreign payment card companies...
June 07, 2016
Researchers Hack Mitsubishi Outlander
Security experts have uncovered a security vulnerability in the Mitsubishi Outlander that fraudsters could exploit to potentially steal the car. The vulnerability was discovered in Outlander’s Wi-Fi module, which can be manipulated...
June 07, 2016
Hackers Steal 171M VK.com User Accounts
Social networking site VK.com is the latest victim in a string of targeted data breaches that have hit a host of other social media outlets such as LinkedIn, Tumblr and Myspace....
June 07, 2016
Bangladesh Heist: An Unsolved Mystery?
In the ever-evolving saga of the Bangladesh heist, could the trail have run cold? Reuters reported that the true identities of those behind the $81 million cyberheist involving the country’s central bank...
June 06, 2016
Dropbox Hit With False Data Breach Claims
Reports of data breaches and cyberattacks are serious, but what happens when those claims are untrue? According to Krebs on Security, last week, several identity theft protection companies incorrectly named...
June 06, 2016
Bain Looks To IPO Blue Coat Despite ‘Moribund’ Market
The somnolent IPO market, for tech firms, may wake up. A little bit. As Fortune reported late last week, Bain Capital is seeking a “quick turnaround” on a $2.4 billion investment it...
June 06, 2016
House Committee Wants Details On Fed’s String Of 50 Breaches
A U.S. congressional committee wants to know why the U.S. central bank was hacked over 50 times between 2011 and 2015. In a letter to Fed Reserve Chair Janet Yellen,...
June 03, 2016
In China, Must All Tech – And Payments – Be...
In politics, they say, everything is local. In China, the same rule seems to apply. The Wall Street Journal reported Friday that in the face of ever more onerous cybersecurity...
June 03, 2016
SWIFT May Look To Expel Weakly Secured Banks
Faced with what feels like a sudden onslaught of attacks, SWIFT may be looking to pull the plug on member banks with cybersecurity that is not sufficiently strong. According to SWIFT...
Digital bill pay, while routine for most consumers, poses challenges such as fraud, friction and limited payment options — particularly in the utilities sector, where consumer trust is low. This edition of the “Money Mobility Tracker®,” a collaboration with Ingo Payments, examines how billers and financial institutions can earn trust among consumers.
There’s no shame in asking for help. Eighty-two percent of merchants experienced a cyber or data breach in the last year, and PYMNTS Intelligence’s latest study of 300 eCommerce executives, “Fraud Management in Online Transactions,” a collaboration with Nuvei, details merchants’ thoughts about fraud prevention, finding that outsourced methods correlate with fewer failed payments.