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Retailers extremely focused on payment innovation
Payment innovation in the retail industry is rapidly changing, driven by consumer adoption of mobile smart devices. Because of recent well-publicized data breaches and payment card fraud, retailers have turned their attention to the dual challenges of data security and fraud prevention, even as they try to keep up with the demands of digitally enabled consumers. [...]
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Identity theft and ATM-related fraud top payments security concerns
According to the inaugural MasterCard Safety and Security Index, consumers across Southeast Asia and Greater China cited identity theft and ATM-related fraud as the top two security concerns when it comes to electronic payments. 42% of consumers in Southeast Asia (Indonesia, Malaysia, Philippines, Singapore Thailand, and Vietnam) were most concerned with ATM-related fraud such as [...]
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Are fingerprints the new passwords?
Ever since Apple introduced TouchID for iPhones, more and more smartphones feature fingerprint scanners. And that has some security researchers worried. “If you leak a password, you can just change it; if you leak a fingerprint, it’s lost for your whole life,” FireEye researcher Yulong Zhang said at a presentation at the Black Hat USA conference [...]
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Mobile Identity: the fusion of financial services, mobility and identity
A new report looks into generational change – particularly as it affects Gen X and Y, who together make up half of the global population . Their adoption of mobile digital technology will both expose institutions to risk and create opportunity. The central argument in the mobile identity whitepaper is that mobile digital technologies have [...]
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Dyre malware reboots for holiday phishing attacks
Shortly after online banking customers in the UK were warned of a major phishing campaign using the notorious Dyre malware designed to steal financial data, the malware has resurfaced in a new iteration for the holiday season. Customers of Barclays, Santander and Lloyds TSB were being targeted by the trojan malware. Nearly 20,000 malicious emails were sent containing infectious .exe files [...]
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