Behold, the rise of IoT—plus, the rise of the cashless economy? Visa, the payment processor responsible for over half of the world’s electronic transactions, will be integrating its credit card tokenization technology with Watson’s Internet of Things network. Watson is the crown jewel of IBM’s work in artificial intelligence, forRead More
Post Tagged with: "Security"
Digital currency exchange Coinbase obtained a BitLicense from the New York Department of Financial Services, a grant that officially authorizes the exchange to operate (that is, to receive and transmit money and virtual currency) within the Empire State. Announcing the license, Coinbase wrote on the company’s blog: We believe theRead More
$209 million dollars. That’s the amount of money criminals made in the first three months of 2016 through the deployment of ransomware—a type of malware that locks a computer or other connected device until the affected party pays up, and which is becoming more and more popular as a choiceRead More
Scanning a thumbprint to access your bank account seems completely safe, right? Well, a notorious German hacker names Jan Krisller – a.k.a. Starbug – demonstrated how easy it is to duplicate a fingerprint or even an iris, using a high-res photo. He used Angela Merkel’s photo. Other hacks have foiled fingerprintRead More
As we know, two of the most prized traits of blockchain technology, specifically when one is talking about the bitcoin blockchain, are its anonymity and its immutability. Unfortunately, those traits also lead to a fair amount of fraud; which is why Terbium Labs, a “dark web intelligence provider,” has teamedRead More
It’s that time of year again! Today, FinovateFall debuted in New York, where 39 fintech companies debuted their newest toys to a fintech-hungry audience. The technology presented ranged from the latest in biometrics, including voice and facial recognition, the latest in how to create insights for big data use–and more importantly,Read More
How Chinese spies hacked into computers at the Federal Deposit Insurance Corporation from 2010 until 2013 — and American government officials tried to cover it up.
After the Paris attacks, EU countries pledged to come together to reform data protection. The move was driven by concern over anonymous users of financial services. Simply put, more data is needed to keep the EU safe, according to a press release from the European Commission, the Brussels-based executive body for the EuropeanRead More
Google today relaunched its Google Ideas think tank as Jigsaw, a technology incubator, and the new venture has several projects aimed squarely at some of banking’s thorniest issues. Officially, Jigsaw’s “mission is to use technology to tackle the toughest geopolitical challenges.” But several of those “challenges” confound financial services. For example, ProjectRead More
For Apple, privacy means not even securing data, but abstinence from it. What about the rest of the fintech world?