March 11, 2014
Hotels Find Room For More Data Attacks
Several major U.S. hotel chains may have been the victims of a new data breach. Hilton, Marriott and Starwood Hotels are among a group of customers of hotel management-solutions provide...
March 11, 2014
Target Accelerates $100M Smart Card Program
Target is fast-tracking a $100 million smart card program, with a goal to have the program fully operational by early 2015. Target’s chief financial officer, John Mulligan, announced the move...
March 11, 2014
Experts: Swipe-And-Sign Gone By 2015
Major U.S. issuers are moving away from swipe-and-sign in a bid to prevent the kind of data breaches that have led to serious questions about payment-data security. Experts speaking before...
March 11, 2014
Barclays Dealing With Own Internal Data Breach
Barclays reportedly confirmed that it experienced a significant data breach, but details remain unclear. Thousands of customers were informed that their sensitive personal data had been sold to financial market...
March 11, 2014
PayPal’s David Marcus Hit By Cyber Fraud
PayPal president David Marcus has confirmed that he was recently the victim of cyber fraud. The hackers, who appear to have acquired the number through a POS malware/card skimming scam,...
March 11, 2014
American Express Posts Court Victory In Fee Battle
American Express scored an important victory in court this week, as a judge awarded preliminary approval to a settlement between the issuer and a group of U.S. merchants over alleged...
March 11, 2014
Contractor Security Weakness May Have Led To Target Breach
A refrigeration contractor hired by Target may have unwittingly opened the door for the masterminds of the Target POS malware attack to gain entry to the retailer’s back-end system. Fazio...
March 11, 2014
Target Breach Cost To Credit Unions: $30 Million
The retail data breach at Target cost U.S. credit unions an estimated $30 million. The National Association of Federal Credit Unions released the estimate this week, Finextra reported on Feb....
March 11, 2014
Banks Feeling The Post-Breach Bite
U.S. banks are feeling the pinch after a wave of business data breaches forced the reissuance of millions of credit and debit cards. The replacement costs come at an estimated...
Cryptocurrency exchanges are grappling with the EU’s PSD2 as they look to craft seamless experiences for their global customer bases. In the “Authenticated Payments Report,” a PYMNTS and LoginID collaboration, Marcus Hughes, of crypto exchange Coinbase, explains how platforms must build authentication measures that satisfy consumers and evolving regulations.