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Noncash Payment Fraud Values On The Rise Since 2012

PYMNTS

between 2012 and 2015, surpassing growth in noncash payments, the Federal Reserve found. billion in 2012. The Federal Reserve said in a press release that the fraud data was collected as part of surveys of depository institutions in 2012 and 2015 and payment card networks in 2015 and 2016. billion in 2015 from $6.1 to $9.15.

Fraud 184
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Microsoft Issues Emergency Internet Explorer Security Update

PYMNTS

Microsoft issued an emergency security update for Internet Explorer after hackers were able to exploit a new flaw in several versions of the browser. Unfortunately, the security issue come right before what is expected to be the biggest shopping day of the year: the Saturday before Christmas.

Security 179
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Fintech Funding: Capital on Tap secures a $237M credit line

BankInovation

Capital on Tap announced Thursday that it has secured a $237 million credit line from $3.8 The company was founded in 2012, and more than 200,000 small business customers […]. trillion JPMorgan and investment firm Triple Point.

Capital 97
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Facebook to pay $5 billion for violating 2012 FTC consent order

CFPB Monitor

Just two days after the Federal Trade Commission (“FTC”) announced a historic settlement of privacy and security claims against Equifax, the FTC today announced that Facebook has agreed to pay $5 billion in civil fines, arising from its violation of a 2012 consent order with the FTC. 2012 Consent Order. 2012 Consent Order.

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Tanium Secures $6.5 Billion Valuation For Enterprise Security Tech

PYMNTS

Tanium, which provides organizations with an IT security platform, raised $200 million from Wellington Management, Baillie Gifford & Company and Adage Capital Management, pushing Tanium’s valuation up to $6.5 According to reports, Tanium addresses security friction within businesses caused by a disparate security strategy.

Security 134
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Amazon Warns That PayPal’s Honey Poses ‘Security Issue’

PYMNTS

Amazon said Honey could be a “security issue.” To keep your data private and secure, uninstall this extension immediately.”. Honey was started in 2012 and gets a commission from every sale. Honey said its extension “is not — and has never been — a security risk and is safe to use.”. “We It has about 17 million users.

Security 132
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Vectra Secures $100M With AI-Driven Tech

PYMNTS

A seven-year-old cloud security company that utilizes artificial intelligence (AI) to find network intrusions has raised $100 million in a Series E funding round led by TCV, according to a report. The company was started in 2012 and has 240 employees. Khosla Ventures and Accel also took part in the round.

Security 108