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Equifax Blames Flaw In Database Software For Breach; Backlash Mounts From Consumers, Lawmakers

PYMNTS

According to a news report in the The New York Post , hackers were able to steal customers’ data — including Social Security numbers — due to a weakness in open source software developed by Apache Software Foundation. consumers and potentially compromised the credit card numbers of approximately 209,000 people. Baird & Co.,

Software 165
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Ohio Lottery Makes A New Bet on Mobile

PYMNTS

Recent days have brought the debut of the “first mobile-enable lottery card” in the state, according to the companies behind the card, Linq3 and Blackhawk Network. The product combines the gift card with the lotto entry, and here’s how it works, according to statement announcing the launch. Lotto and Payment Cards.

Ohio 103
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Uber’s Rough Ride Of A Week

PYMNTS

At the time, Uber – at the directive of its chief security officer – hid the breach and paid hackers about $100,000 to destroy the data. The ride-sharing company said that no Social Security numbers, credit card information, trip location details or other data were taken. drivers’ license numbers.

New York 144
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Fintech Fundings: 9 Companies Raise $73 Million Week Ending Dec 31

Fintech Labs Insights

HQ: Shelton, Connecticut. Tags: Enterprise, compliance, social media, regulations, marketing, Finovate alum. Source: Crunchbase. Mobile wallet & biometric solutions. Latest round: $2.1 million (at least $1.5 million debt). Total raised: $2.9 million (includes at least $1.5 million debt). Source: WhoGotFunded. Latest round: $1.4

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Picking Up The Bill On Consumer Trust, Post-Data Breaches

PYMNTS

The public may learn of data breaches much more promptly if three senators get their way on a proposed Senate bill, the Data Security and Breach Notification Act, which was introduced on Thursday, Nov. million to settle claims related to its 2013 holiday season data breach, which compromised 40 million customers’ credit and debit cards.

Data 134
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Partnerships, Pivots And Bookended Data Breaches

PYMNTS

For the initial launch earlier this year, Uber partnered with GoBank — drivers who signed on with Instant Pay would receive an Uber Debit Card from GoBank tied to a mobile bank account offered by Green Dot. debit card that is attached to a traditional checking and savings account. It’s your money. .” Twenty U.S.

Data 100