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Cybersecurity experts say mobile payments data breaches to grow
A survey of more than 900 cybersecurity experts shows that an overwhelming majority (87%) expect to see an increase in mobile payment data breaches over the next 12 months, yet 42% of respondents have used this payment method in 2015. The 2015 Mobile Payment Security Study from global cybersecurity association ISACA suggests that people who [...]
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Did Australian banks unlawfully blacklist Bitcoin?
Australia’s competition watchdog is set to investigate the country’s biggest banks for shutting down the accounts of Bitcoin traders. The ACCC confirmed the investigation to Queensland Nationals Senator Matthew Canavan, who sent a letter to the chairman of the Australian Competition and Consumer Commission Rodd Sims urging him to launch a formal investigation. “It appears [...]
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UK is number 1 target for global cybercrime
Cybercriminals are attacking the UK more than any other country making it the number 1 target for global cybercrime. One of the most interesting cybercrime trends in Q2 was the UK’s emergence as the preferred destination for attackers across the world; with Nigeria, Germany, US and Mexico leading the way in attacking the UK. The UK also [...]
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How ready are US merchants for EMV?
The Strawhecker Group (TSG) released survey results that illustrate only 27% of US merchants will be EMV-ready by the October 1st liability shift. This represents a sizable decline from 34% estimated in March. By December 2015, 44% of US merchants are expected to adopt EMV, however EMV-readiness will not reach a threshold of least 90% [...]
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US banks certified for class action over Target data breach
The class action against Target brought by several banks over the retailer’s massive data breach in 2013 has been certified by a US judge. District Judge Paul Magnuson said the banks could pursue their claims together over the breach, which compromised at least 40 million credit cards during the holiday season. In a statement, Charles Zimmerman, one of the [...]
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