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Cap One Hack Hits 100M Credit Card Applications

PYMNTS

Capital One announced that a hacker had accessed about 100 million credit card applications, as well as thousands of Social Security and bank account numbers. The Washington Post reported that the FBI has arrested a Seattle area woman, Paige A. Thompson, on a charge of computer fraud and abuse.

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Nordstrom Breach Exposes Data On 76K Employees

PYMNTS

Nordstrom has suffered a data breach that exposed employee names, Social Security numbers, dates of birth, checking account and routing numbers, salaries and more. Social media posts show that some former employees, who left the company months ago, have also received notification letters.

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Capital One Hack Prompts Lawsuit, NY AG Probe

PYMNTS

The security breach at Capital One that exposed 100 million credit card applications and thousands of bank accounts and Social Security numbers is rapidly seeing repercussions. . The FBI has arrested a Seattle area woman, Paige A. Thompson, on a charge of computer fraud and abuse, The Washington Post reported.

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Avalara, Signifyd Bring Sales Tax, Fraud Solutions to Magento E-commerce Marketplace

Fintech Labs Insights

Seattle-based Avalara has spent the first quarter of 2016 lining up partners. Meanwhile, Finovate alum Signifyd said that the fraud prevention app it released on Monday will be the “first and only fraud prevention app” available via Magento’s platform.

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Game-Changing Tech Or Dystopian Nightmare? How 16 Industries Could Be Transformed By Facial Recognition

CB Insights

Face scanning helps to prevent fraud by eliminating the need for a PIN or even a card swipe, both of which are susceptible to being stolen. Social Media/Entertainment. Biometrics would make voter fraud, complicated voter registration, and other limiting factors that keep people from the polls things of the past.

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11 Lessons From Startup Chapter 11s

CB Insights

Accusations of fraud and mismanagement, and criticisms of the government’s decision to invest in Solyndra, were rampant in the days following news of Solyndra’s impending bankruptcy proceedings — but the core mistake here involved ignorance of a key aspect of Solyndra’s business. — Ben Kaufman, founder, Quirky.

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