article thumbnail

Consumers Committed To Online Shopping, Despite Strong Security Concerns

PYMNTS

According to the 2016 American Express Digital Payments Security Survey , 70 percent of U.S. Nearly half — 48 percent — of consumers who shopped online in the past year have experienced payment fraud. Sixty percent had experience with online sales fraud, and 25 percent said that figure is on the incline.

Security 100
article thumbnail

In Online Banking, Spreading The Message Of Secure Messaging

PYMNTS

If the definition of insanity is doing the same thing time and again and expecting different results, then perhaps the way we pay through, and interact with, online banking may have a hint of madness, or at least complacency. And though the web may offer convenience, it offers not much in the way of security. primarily through B2B.

Security 101
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Biometrics Beats Blockchain at Bank Innovation 2016

Bank Innovation

Eleven companies were awarded slots in the DEMOvation Challenge, which took place yesterday here at Bank Innovation 2016, our annual first-quarter event. They were: Asignio – authentication solution Autobooks – payments and accounting software for Fis Bankfacil – Sao Paulo-based secured Read More.

article thumbnail

AI/BOTS: Machine Learning Tips Online Fraud Scales

PYMNTS

Stemming from AI, machine learning is helping technology move at a swifter rate, and as more people bring their shopping needs into the online world, it’s likely that machine learning will play a larger role moving forward. In 2016, online financial fraud hit 15.4

Fraud 196
article thumbnail

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
article thumbnail

Macy’s Online Customers Warned Of Data Breach

PYMNTS

However, Macy’s said the accounts don’t include Social Security numbers or CVV numbers. The news comes a few months after Orbitz , a subsidiary of online travel agency Expedia, had announced that it was hit with a data breach in 2016. The company also revealed that the Social Security numbers of U.S.

Online 134
article thumbnail

FBI Charges Russian National With Running Online Hacker Marketplace

PYMNTS

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. The platform became known at that time when a famous hacker known as Tessa88 used a Deer.io

National 134