About 10 percent of all merchants accepted mobile payments last year. This represented a jump of 50 percent compared to 2012 levels, a new report from LexisNexis showed. An additional 25 percent of merchants expect to integrate mPayments into their existing systems in 2014. “Mobile-payment...
In the wake of an online security crisis that resulted in the loss of a highly valued Twitter account, domain name company GoDaddy has released a new set of security protocols. Added measures include more stringent PIN settings and more restrictive lock-out procedures in the...
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 White Lodging Corp. Services that may have been harmed by a potential breach, the New York...
Law-enforcement and government officials in the United Kingdom are turning to tools traditionally used to fight terrorism to prevent debilitating cyberattacks on the country’s financial institutions. Some of the country’s top banks are huddling with UK counterterrorism officials to prevent fraud from doing widespread damage,...
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 the Senate Judiciary Committee last week confirmed that swipe-and-sign cards will be a thing of...
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 traders, The Daily Mail reported on Feb. 10. Up to 27,000 customer files may have...
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, made dozens of fraudulent transactions with Marcus’ information, Finextra reported on Feb. 11. “My card...
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 Mechanical Services announced this week that it had experienced a serious cyber attack, the Wall...
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. 11. “Credit unions are being hit by a double whammy in terms of numbers of...
