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SMBs Severely Underestimate Data Breach Costs

PYMNTS

It’s National Cyber Security Awareness Month, and industry leaders are zeroing in on some of the most vulnerable targets of cyber scams: small businesses. 20 percent of Business Email Compromise scams request payroll diversions new data from the Anti-Phishing Working Group (APWG) revealed in a report published last week.

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Prepaid’s Summer Of Uncertainty

PYMNTS

Brad Fauss, CEO of the National Branded Pre-Paid Card Association and MPD CEO Karen Webster dug into the potential for these rules to create the kind of inconsistencies that could very well disadvantage the very consumers that the CFPB intended to protect. Who Uses Prepaid Anyway? So far, so good.

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Preparing for new regulatory requirements in payments

NCR

From contactless cards and mobile wallets to the exciting potential of biometric data, there are all sorts of innovations having an impact on payments. One of the objectives of this change is to strengthen consumer protection, while enhancing anti-money laundering standards and cyber security. ” Europe prepares for PSD2.

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Sizzle Or Fizzle: Restaurants Rule, FireEye Flounders And Lending Club Is Back On The List

PYMNTS

This marks the first move by Square Capital to extend working capital outside of the Square “ecosystem” and perhaps a new move to extend its Square platform into a valuable new group of SMBs. Its pitch to the family is to use their local Mastercard branded credit or debit card to make those payments. Apple And The Aussies.

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3 Ways to Make the FFIEC CAT Work for You

Gonzobanker

Financial institutions are oftentimes the same way—they want to do the right thing exactly as their regulators “suggest.” Regulators, meanwhile, have historically not given such specific direction and with such a prescriptive approach as they’ve done with the CAT. to create a tailored, technology and security risk framework.

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Sacred Data for Sale, steal it while you can!

Lex Sokolin

Capital One recently suffered a data breach resulting from poor security practices that exposed 100 million credit card applications and accounts. Two years back, Equifax lost 140 million identities, again from poor security practices. Here is our factbase. They expect the breach to cost the company $150 million.

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Sacred Data for Sale, steal it while you can!

Lex Sokolin

Capital One recently suffered a data breach resulting from poor security practices that exposed 100 million credit card applications and accounts. Two years back, Equifax lost 140 million identities, again from poor security practices. Here is our factbase. They expect the breach to cost the company $150 million.

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