The pandemic has been harsh on our financial infrastructure and has brought sea changes in the fintech industry. Fintech companies started coming to the forefront since the previous year, helping to shape digital payments. In the previous year, people have taken to online shopping in large numbers, and today, almost every buyer is looking for …
Individuals who have wined and dined at theme restaurants such as the Bubba Gump Shrimp Company and the Rainforest Cafe at least once since 2016 may want to review their credit and debit card statements. According to a notice posted by restaurant giant Landry’s shortly after New Year’s Day, hackers were able to inject malware …
Hackers Steal Credit Card Data at Major Seafood Restaurant Chain Read More »
It feels like a never-ending race and a battle to one-up one another: the battle against fraudsters. While the equipment we have to detect and prevent these fraudsters has been improving substantially over the previous decade, fraudsters always seem to find a way to get through eventually. One of the latest tactics is synthetic identity …
Of all regions in the world, the Caribbean may seem one of the least likely to officially adopt digital currencies, but that is exactly what has been taking place this year. In October 2019, the Eastern Caribbean Currency Union launched a pilot program to turn the EC dollar into an electronic form of cash, which …
The Sand Dollar is a New Caribbean Digital Currency Read More »
On December 19, the cyber security firm Fox-IT, which is headquartered in the Netherlands, reported that they discovered a previously-unknown infiltration of managed service provider and government computer systems in at least 10 countries, including the United States, Mexico, Brazil, the United Kingdom, France, Germany, Italy, Portugal and Spain. These systems covered a wide range …
Chinese Hackers Were Successfully Able to Bypass 2FA Read More »
The numbers are in for the 2019 holiday shopping season, the final one of the decade, and retailers were pleased to learn that overall sales increased by nearly 3.5% compared to last year. Starting on Black Friday and culminating with last-minute shopping on Christmas Eve, retailers were definitely in the black this season, and this …
Plenty of Cheer During the 2019 U.S. Holiday Shopping Season Read More »
Earlier this month, a huge database containing Facebook user IDs and phone numbers of 267 million members was breached and exposed, where it was then left on the web for almost two weeks before finally being removed. According to security reasearcher Bob Diachenko, who discovered the unsecured Elasticsearch dabatase along with Comparitech, it may not …
Just one week before Christmas, the Competition and Markets Authority of the United Kingdom made an announcement that may have played a part on shares of Alphabet, the parent company of Google, losing nearly 3% on the Nasdaq. Usually, announcements related to information security issues tend to have an immediate effect on company stock, but …
Google Comes Under Scrutiny for Acquisition of Cloud Data Science Firm Read More »
Back in June of this year, PayPal made the announcement that COO Bill Ready would be stepping away from his long tenure at the online giant, and we now know precisely why. This coming January, Ready will be stepping into a new role with Google as their new commerce chief, a position from which he …
The United States is one of about a dozen countries without a mandatory national identification document; for this reason, driver’s licenses, state ID cards, passports, and even social security numbers have served as alternatives to a federal identification system that both conservatives and liberals cannot seem to agree on. Starting in October 2020, the Real …
How the New Colorado Digital Driver’s License Works Read More »
Technology giant Apple is trying to get the most functionality out of the iPhone before the next chapter of personal and portable computing is written. Subscription-based services, digital content, and mobile payments are some of the verticals that Apple has been exploring for the purpose of squeezing more profits from the iOS ecosystem, and this …
Apple Launches Express Transit Payments For Commuters Read More »
In the United States, prepaid wireless services took a while to catch on; while customer demand was certainly there from the beginning, telecoms were somewhat apprehensive about deviating from the tried-and-true service contract and monthly billing arrangements. Eventually, American providers of wireless services gave into demand, and they marketed this option as being more convenient, …
More Than a Million T-Mobile Prepaid Customers Impacted by Data Breach Read More »
Over the past 15 years or so, phishing has been an unfortunately effective practice whereby a thief will make an attempt to obtain peoples’ login information to a number of websites. The fact that it’s still being used extensively to this day is a testament to just how effective a scam it is. Vade Secure …
This week, major U.S. department store chain Macy’s revealed that they were targeted by a malicious online cyber attack that attempted to steal the payment information of their customers. The macys.com website became infected on October 7 with what they’re only referring to as “unauthorized code” on their “My Wallet” and “Checkout” pages. This allowed …
Various technology giants have been looking at the emerging mobile payments sector with great interest, particularly if they have already claimed some market share with regard to mobile devices, apps, and services. The big three in this regard are Apple, Google, and Samsung, and it could be said that Apple is in the best position …
PayPal’s international money transfer service Xoom has this week made the announcement that, for the first time, their customers will be able to make money transfers to recipients in the United States. These P2P mobile payments will occur in a matter of minutes thanks to strategic alliances set up with Walmart and money transfer company …
PayPal’s Xoom Launches Domestic Money Transfers with Walmart Read More »
More than a year after announcing the launch of MasterCard Track, a B2B digital platform for improving global trade among small businesses, MasterCard has unveiled new plans to modernize business-to-business transactions even further. The new MasterCard Track Business Payment Service expands the focus of the digital platform for faster payments and data collection. What Is …
According to recent data released by Adobe Analytics, American shoppers will be going online to spread the holiday cheer among retailers in 2019. The Adobe study was published a few weeks ahead of Black Friday and Cyber Monday, two of the most active and lucrative shopping events in the United States. As has been the …
US to Spend Record 126 Billion Online This Holiday Season Read More »