The current threat and cybercrime environment is like a huge firestorm that keeps feeding itself. Data breaches turn into more account breaches and it becomes a cycle. At the same time, fraud attacks are evolving, and becoming more widespread in the first quarter. The latest status report from ThreatMetrix says breaches continue to hit the…
Data breaches are the new normal. IT departments have to tackle constantly evolving security threats and many are struggling to keep up. Users continue to be the biggest threat to enterprise wide security, and in 2016, we’ll see a shift towards smart interoperable security tools which take the decision of what and when to encrypt out of their hands.
More than 90 million attempted cyber attacks across industries were launched in the third quarter, representing a 20% increase over the previous quarter. Fraudsters are now using bots and botnets to run massive identity testing sessions in order to penetrate fraud defenses.
In today’s CardFlash News Que: PARKMOBILE (CEO); THREATMETRIX (Cybercrime); MASTERCARD (Bali); and FIS (Avidia).
New research shows about 50% of survey respondents are now shopping using a mobile device. Almost one-third are purchasing a product after seeing it on social media. Approximately one-third of survey respondents indicate that text offers would drive an incremental shopping visit. Value propositions, including free shipping, loyalty programs and personalized offers, continue to be important.
CardWeb.com’s CardData Reports today features the “ThreatMetrix Cybercrime Report: Q1 2015.”
San Francisco-based Xoom is incorporating Apple’s Touch ID technology into their mobile money transfers application. This gives customers the option to use their fingerprint data to sign in to the Xoom application on the iPhone 5s, 6 and 6 Plus.
Xoom Corporation digital money transfer provider incorporate Apple’s Touch ID technology into their mobile money transfers application. This gives customers the option to use their fingerprint data to sign in to the Xoom application on the iPhone 5s, 6 and 6 Plus. Touch ID is a fingerprint identity sensor that is located in the Home button of select Apple devices. Touch ID takes a high-resolution image of the user’s fingerprint and then analyzes it in order to create its mathematical representation. The data points generated through the analysis are stored locally on the user’s device, and are used for comparison with fingerprint data captured through any subsequent Touch ID usage.
San Jose-based ThreatMetrix says its Network stopped more than 11.4 million attempted fraudulent transactions during the 2014 holiday shopping season. The Network analyzes more than 850 million monthly transactions, and protects more than 210 million active user accounts across 3,000 customers and 15,000 websites.
NY Silicon Alley-based HyprKey launched a free mobile password manager. The mobile app is intended for anyone who uses multiple logins across multiple platforms daily including m-payments.
San Antonio-based MySingleLink has added Touch ID to its MSL Wallet App for iPhone, iPad, Android Phones and Tablets. When used for payment processing, a Single Use Token can be specific to a merchant, to an invoice, and even to an amount.
San Francisco-based SALT Technology has added more patents to its arsenal for its OneTouch technology. SALT was the first mobile payments company in the world to commercially utilize dual factor authentication of payment credentials.