April 28, 2016
Cybercriminal Ring Leader Gets Seven Years In Prison
Authorities have sentenced who they believe to be the leader of a major cybercrime enterprise to more than seven years in prison. An Estonian man, named Vladimir Tsastsin, pled guilty...
April 27, 2016
The Hackers Behind Bangladesh’s Big Bank Heist Are Back In...
It seems Bangladesh was just the start of things for the cyberthieves who managed one of the larger smash and grabs in cybercrime history. According to Financial Times, that criminal...
April 26, 2016
Is IoT The Next Ransomware Victim?
Cybercriminals are turning the attention of ransomware attacks to target the burgeoning market of connected devices. According to the Institute for Critical Infrastructure Technology (ICIT) think tank, the fact that...
April 26, 2016
SWIFT Software Hack Details Emerge
Bad news broke on Monday morning (April 25) for global payments messaging platform SWIFT as BAE Systems released analysis concluding that cyberthieves hacked into SWIFT’s software, causing the $81 million...
April 25, 2016
SecureWorks IPO Shows Tech Less Than Secure?
Yes, it was a long time coming, but the latest tech initial public offering to start down the lane may bring more questions than it answers. Such as: What do...
April 25, 2016
Did Facebook’s Backdoor Hack Put Consumers At Risk?
A new report suggests that Facebook’s security may not be as good as it appears. As part of Facebook’s bug bounty program, professional hackers were brought in to see if...
April 25, 2016
FireEye Claims China Has Shifted Cyberhack Focus
China may be changing its views on conventional hacking and cybertheft — at least, that’s the perspective of U.S.-based cybersecurity firm FireEye. The company said the reason China’s president, Xi Jinping,...
April 25, 2016
Amex Business Cards, CFO Frustrations And T&E Fraud
It was a quarterly earnings bonanza this week, but there’s more to the B2B data than Q1 figures. The market saw its first tech IPO, an SME cybersecurity company, and...
April 25, 2016
SME Cybersecurity Attracts $112M In Float
In the first technology IPO of the year, SME security firm SecureWorks raised $112 million. The public debut of the company on Thursday (April 21) landed less than what the company...
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.