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Craigslist Founder Invests $5M In Former Facebook Exec’s Security Project

PYMNTS

A $5 million gift from Craiglist’s Craig Newmark Philanthropies will support a new program, led by former Facebook security expert Alex Stamos. Stamos led Facebook’s investigation into Russian interference in the 2016 U.S. The ability to do academic research on what’s happening online has never been worse,” Stamos told the Guardian. .

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Deep Dive: Striking A Balance In Digital ID Security

PYMNTS

Digital identification technology continues to advance, bringing both benefits and drawbacks. billion digital records in the United States were compromised during the first half of 2018 – 291 records every second – with only six social media breaches accounting for more than half of all at-risk data. More than 4.5

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DEMOvation Finalists for Bank Innovation 2016 Announced

Bank Innovation

The panel of judges — Scarlett Sieber of BBVA; Sam Maule of Carlisle & Gallagher; Ryan Falvey of the Center for Financial Services Innovation; Matt Wilcox of Fiserv; and Phil Ryan of Bank Innovation — will decide which company is worthy of the “Best in Show” DEMOvation crown at Bank Innovation 2016.

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How Fake News Drives Corporates To Redirect Their Security Strategies

PYMNTS

billion due to fraud in 2016, and a significant portion of that stems from chargeback fraud. Compromise Security For Customer Experience. Sometimes that comes as a tradeoff with security.”. Researchers estimate U.S. eCommerce companies lost $6.7 They’re attacking your customers directly. Machine Learning Steps In.

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Poll: Facebook Trustworthiness Dead Last At 22 Pct

PYMNTS

A new poll shows that Americans believe Facebook to be the least trustworthy of all the major technology companies as far as protecting user data. At the same time, 126 million Americans — accounting for a third of the nation’s population — were exposed to content placed on Facebook by Russian sources during the 2016 elections.

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2016 Innovators to Watch: 1 to 5

Bank Innovation

Lucy Peng, CEO, Ant Financial Ant’s latest fundraising round – the largest ever anywhere – of $4.5 billion, and its overall valuation of more than $60 billion, have turned the Alibaba spinoff into one of the most valuable private tech companies in the world. Launched in 2014, Ant Financial Read More.

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BlackBerry Files Patent Infringement Lawsuit Against Twitter

PYMNTS

BlackBerry, the once-maker of the BlackBerry mobile phone, has filed a lawsuit against Twitter contending the social media platform operator engaged in patent infringement. According to a report in Reuters citing the lawsuit, BlackBerry contends Twitter infringed on patents covering its technology in its mobile message apps.