It’s Labor Day, so we thought we’d keep things a little lighter than usual here on Payments NEXT. This just in. Americans have got the message about the dangers of drunk driving, but apparently, they missed the memo about drunk shopping. Recent research shows that ...
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Cybersecurity
Cybersecurity
New reports show a fast rise in ransomware attacks across the US. Last Friday, 23 Texas towns were hit in a coordinated attack by what is believed to be a single operator as yet unidentified. This followed earlier attacks in New York, Louisiana, Maryland, and ...
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It’s a growing cybersecurity problem that consumers and business simply can’t seem to clean up. It’s password hygiene and it’s a big challenge according to new research from PC Matic. “While this may seem like a minor detail, password hygiene is becoming a growing threat ...
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Payments fraud is growing at 14% year over year, faster than overall retail sales, and growth in mobile fraud is also accelerating. According to Juniper Research, retailers could lose as much as $130 billion between 2018 and 2023, reaching $7.2B by the year 2020. Fraud ...
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Minnesota State University infosecurity grad student Dan Salmon has a cybersecurity warning for seven million users of the popular P2P app Venmo. He recently downloaded your data to prove to Venmo that one year after they were warned by other security experts about the security ...
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$40 million stolen from the Binance cryptocurrency exchange yesterday by cybercriminals. Hackers infiltrating hundreds of Amazon merchant accounts late last year. The ongoing impact from the massive 2017 Equifax data breach exposing more than 148 million records. The hit parade of cybersecurity breaches never lets ...
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New research from cybersecurity firm Proofpoint shows that imposter email and email phishing attacks on global financial services companies grew 60% over last year. The FBI estimates that business email compromise (BEC) has cost organizations around the globe a potential $12.5 billion since the end ...
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In a warning sign for the new technology and retailers, a student launched a $1 billion lawsuit claiming that mistaken facial recognition in an Apple Store led to his wrongful arrest. NYPD officers arrested 18-year-old New York student Ousmane Bah at 4 o’clock in the ...
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With the April 15 US tax deadline passed, were tax professionals really ready for a new breed of tax fraudsters? We’re not talking about the President and his tax return issues. We’re seeing a new breed of sophisticated tax fraudsters systematically attacking the US taxation ...
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Coveware’s Q1 Ransomware Marketplace report shows an alarming increase in ransomware incidents and the impact and costs to business in the first quarter of the year to clients of the security company. The average ransom increased by 89% to $12,762 compared to $6,733 in Q4 ...
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