Post Tagged with: "data security"

Dwolla Defends Security Practices in the Face of CFPB Fine

Dwolla Defends Security Practices in the Face of CFPB Fine

by March 2, 2016 at 6:40 pm 4 comments

Dwolla, the payments startup, said that it “has never been the company’s intent to mislead anyone,” after the Consumer Financial Protection Bureau slapped it with a fine for its data security. Dwolla offered the explanation after the CFPB hit it with the $100,000 fine. Dwolla is also required to fix its securityRead More

How Much Is Illicit Bank Data Worth Online?

How Much Is Illicit Bank Data Worth Online?

by February 10, 2016 at 11:12 am 2 comments

Cyber crime sure does pay, according to a report at Intel Security blogs.mcafee.com. There’s a boom in cyber stores that specialize in selling stolen data. In fact, this is getting so big that different kinds of hot data are being packaged—kind of like going to the supermarket and seeing howRead More

Never Mind Apple’s Stance, Data Remains a Core Payments Pursuit

Never Mind Apple’s Stance, Data Remains a Core Payments Pursuit

by September 16, 2014 at 10:26 am 0 comments

For Apple, privacy means not even securing data, but abstinence from it. What about the rest of the fintech world?

National Retail Federation pushes for Chip and PIN

National Retail Federation pushes for Chip and PIN

by April 24, 2014 at 11:03 am 0 comments

The recent major retail breaches have fueled increased interest by the National Retail Federation to push for implementation of a chip and PIN payment card technology. This would make the magnetic strips on payment cards obsolete and no longer a calling card for hackers. “We’re here today because the questionRead More