May 13, 2016
ECB To Set Up Cyberattack Warning Database
The European Central Bank (ECB) said on Thursday (May 12) that it is setting up a database that will be used to register and track cybercrime occurrences at commercial banks....
May 13, 2016
B2B FinTech’s Unlikely Investment Winner
With nearly $120 million raised for enterprise-serving startups, B2B venture capital saw one of its most successful weeks this year. It was also one of the most diverse. Businesses across...
May 13, 2016
Sizzle Or Fizzle: Payday Loans, Wells Fargo, Chip Cards –...
April showers are supposed to bring May flowers, but so far, they’ve brought more fizzles than sizzles. This week, in particular, was tough for a few players – and one...
May 12, 2016
Facebook Goes Open Source On Cybersecurity Competition
Facebook’s Capture the Flag (CTF) platform is now going open source in a move to help encourage both students and developers to increase their knowledge about cybersecurity. The competition is...
May 12, 2016
Hackers Target Capitol Hill Data
It looks as though even the House of Representatives isn’t safe from the threat of ransomware attacks. Hackers recently attempted to access congressional computer systems, encrypt the data and hold...
May 11, 2016
Hackers Beware: IBM’s Watson Is On The Prowl
The supercomputer is taking on cybercrime. IBM announced Watson for Cyber Security on Tuesday (May 10). The company’s massively powerful supercomputer, Watson, will now be trained on the language of...
May 11, 2016
How Visa Threat Intelligence Is Keeping An ‘Eye’ On Cybercrime
Cybercriminals often work in teams; why shouldn’t the companies that are fighting back against them? That’s the thought process made reality by Visa and FireEye, whose first product together —...
May 11, 2016
Why Banks Can’t Afford To Ignore Small Biz Payments Fraud
When analysts at JAVELIN released their report on the implications of back-office and payments fraud for small businesses in the U.S., they calculated financial losses for these companies at $3.1...
May 10, 2016
Five ‘Major’ FDIC Breaches Come To Light
Widespread data breaches used to be a dime a dozen in the headlines, but things have gone (relatively) quiet over the last few months. Unfortunately, for the Federal Deposit Insurance...
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.