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UK Police Investigate Travelex Ransomware Attack, Ransom Demand

PYMNTS

The gang demanded $6 million in ransom in exchange for not releasing sensitive information regarding Travelex customers, including birth dates and credit card numbers. The Travelex website shared that its online services were temporarily unavailable “due to planned maintenance,” but would be working again soon.

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Is keeping your money in a bank the safest option?

Qudos Bank

With online scams leading to millions of dollars in financial losses [2] annually it may be worth paying attention to how well a bank invests in their security and fraud protection, including security practices, privacy measures, and their process for treating fraudulent and unauthorised banking activity.

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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. 11 percent of businesses surveyed in Microsoft’s 2019 Global Cyber Risk Perception Survey said they are confident about their cyber resilience.

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Is keeping your money in a bank the safest option?

Qudos Bank

With online scams leading to millions of dollars in financial losses [2] annually it may be worth paying attention to how well a bank invests in their security and fraud protection, including security practices, privacy measures, and their process for treating fraudulent and unauthorised banking activity.

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Week ahead: Amazon Prime Day, NCUA board meeting

American Banker

Credit unions' credit and debit card portfolios could see a surge this week as the online retailer offers two days of deals, while the industry's regulator is set for a cybersecurity update.

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Four 2023 U.S. Policy Predictions for Financial Services Companies

FICO

Open banking, BNPL, cybersecurity and AI will all be under the microscope for regulators and policymakers, but not all areas will see major action in 2023. regulators take a major step in addressing the emerging open banking landscape. Several groups have also called for comprehensive industry regulation. Four 2023 U.S.

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

PYMNTS

What CVS says is unique about CVS Pay (clearly not the name) is that it enables HSA and other co-pay information to be stored in the app so that the proper amount is charged to the user’s registered card at checkout. Its pitch to the family is to use their local Mastercard branded credit or debit card to make those payments.

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