March 30, 2016
Malware Strikes Merchants Behind The EMV Curve
Cybersecurity firm FireEye warns of the dangers that custom-built malware poses to retailers due to its ability to capture payment card details directly from retail point-of-sale (POS) systems. In an...
March 29, 2016
FBI Wants Businesses To Help With Ransomware Probe
As the FBI works to combat a specific type of ransomware virus, it is calling on businesses and software security experts for emergency assistance in its investigation. Over the weekend,...
March 29, 2016
Cybersecurity Defense Focus Strengths In UK
Cybersecurity defense groups are stepping in to help companies better protect their data and strengthen their security. Firms like BAE Systems, Raytheon, Ultra Electronics and others are bringing the expertise...
March 28, 2016
Verizon Enterprise Customer Data Hacked
The enterprise unit of telecommunications company Verizon continues to deal with the fallout of hackers posting its customer contact data for sale online. According to Krebs on Security, Verizon Enterprise...
March 25, 2016
UK Police Chief Calls Out ‘Lax’ Online Fraud Victims
U.K. Metropolitan Police Commissioner Sir Bernard Hogan-Howe is taking a firm stance on how victims of online fraud should be compensated by banks. His opinion is that it shouldn’t happen...
March 25, 2016
Bitcoin’s Ransomware Problem And Bernie’s ‘Bitcoin Bounty’
City held hostage. Hospital held hostage. Businesses held hostage. Thank you, bitcoin. And one of the many reasons why, among plenty of other issues, this virtual currency had no credibility in...
March 23, 2016
GM To Strengthen Cybersecurity Amid Car Security Reports
Automaker General Motors is using feedback from the public on potential security risks to better understand its vulnerabilities and build up its cybersecurity initiatives. Through its public disclosure program, GM...
March 23, 2016
Does The DOJ Delay Spell Victory For Apple?
Just when everyone was waiting to hear what would happen out of the start of the FBI-Apple hearing, the Department of Justice put a halt on the case — at...
March 22, 2016
US: FTC left with only 3 commissioners
One of the commissioners on the Federal Trade Commission, Julie Brill, will resign and leave the US agency at the end of March, the FTC said in a statement on...
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.