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FBI Charges Russian National With Running Online Hacker Marketplace

PYMNTS

A Russian national believed to be behind the Deer.io was first exposed as a nest of cybercrime activity in a now removed Digital Shadows report from 2016, according to ZDNet , and those in-tune with cyber-security issues were not shocked to hear of Firsov’s arrest. regularly, the FBI said.

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Four Steps for Managing Third-Party Cyber Security Risk

FICO

Tools such as the ABC National Risk Score in the US, which provides a general rating of cyber risk for benchmarking, and the FICO® Cyber Risk Score, which provides company- specific metrics, may be leveraged in combination to provide a directionally correct view of relative risk. And follow me on Twitter @dougoclare.

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Cyberattacks Have Hit Majority Of Big UK Businesses

PYMNTS

government’s Cyber Governance Health Check, which offered up the Cyber Security Breaches survey. Minister of Digital Economy Ed Vaizey stated that it was “absolutely crucial businesses are secure and can protect data … Too many firms are losing money, data and consumer confidence with the vast number of cyberattacks.”

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BEC Run Out Of Detention Center Nets Millions

PYMNTS

The scams netted an alleged $25 million from 2014 to 2016. “In In terms of data illuminating larger trends, the National Cyber Security Alliance found that roughly 50 percent of smaller firms have been victim of a cyberattack. He and an accomplice operated from Nigeria, targeting the U.S.,

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Inside China’s Cyber, Financial Regulatory Changes And Challenges

PYMNTS

The country takes privacy, particularly financial privacy, seriously, passing its Cyber Security Law in 2016, followed by the Personal Information Security Specifications in 2018 and the MLPS 2.0 Confronting the Chinese Privacy Myth .

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Mastercard May Seek Payment Licensing In China

PYMNTS

Mastercard is mulling an entrance into the China market and could get its application in during 2016 to become a payment provider in what is expected to be the largest market by 2020. Credit card companies that want to set up shop in China have to follow the country’s national and cybersecurity rules and law.

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M-Pesa open API part of wider payments progress

Banking 2020

In Europe, this is being enshrined into national law as part of the PSD2 regulation, which comes into force in 2016. This change is aimed at promoting innovation and low cost electronic payment solutions while ensuring that security and data protection are not compromised,” said the European Payments Council.