October 13, 2014
Chase Chief On Dangers In Payments, Shadow Banking
Just when you thought it was safe to enjoy the recovery, J.P. Morgan Chase CEO Jamie Dimon shows up with a strong word of caution about the stability of the...
October 06, 2014
Nine More Banks Hit By Cyberthieves That Attacked Chase
Nine financial institutions—above and beyond Chase—were “also infiltrated by the same group” that attacked Chase, a group “thought to be operating from Russia and appear to have at least loose...
September 24, 2014
FDIC’s Gruenberg : Cyber-Threat Defenses Require A ‘Shift In Thinking’
New technologies often bring with them new vulnerabilities, and in this period of rapid innovation, banks’ need to manage the associated operational risks is the most urgent, a top U.S....
September 03, 2014
Lessons Learned From JPMorgan Chase Breach
One of the most troubling lessons from the JPMorgan Chase data breach is that organized cybercrime gangs today are quite good at avoiding the patterns detectable by most security software....
August 28, 2014
Huge Cyberattack Hits JPMorgan
The attack, which stole copies of gigabytes of banking and checking account details, hit JPMorgan Chase & Co. “and at least one other bank,” Bloomberg reported Wednesday (July 27). Bloomberg...
August 11, 2014
Find Bugs? Square Will Pay Up
When it comes to fighting cybersecurity threats, there are many possible philosophies, but one school of thought says that if you can’t beat ‘em, it’s time to consider paying them....
August 06, 2014
How Did A 17-Year-Old Crack PayPal’s Two Factor Authentication?
PayPal has discovered yet another flaw in its two-factor authentication system. Actually, it’s more accurate to say that PayPal has had another flaw discovered for them. What a teenager has...
August 01, 2014
“World’s Most Secure” Anti-Skimming Card Reader Released
Ohio-based company Diebold recently launched what it claims to be “the world’s most secure anti-skimming card reader” called ActiveEdge. The product works by shifting a card’s insertion angle by 90...
July 15, 2014
The Not So ‘Hospitable’ B2B Crooks
We all know it, or at least we should, that cybercrooks target the areas of least resistance, and they’re very good at finding them. As it turns out, easy to...
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.