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Experts: US House Examines Legislative Actions To Combat Cybercriminals

PYMNTS

But Kellerman and other security experts advocated at the hearing for legislative measures, such as modernizing anti-money laundering (AML) and forfeiture rules and moving the Secret Service to the Treasury Department, to help combat the threat.

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Cyberattack Closes Web Access To Canadian Government Agencies 

PYMNTS

It collects taxes, administers tax law and policy and oversees charities. As a result of the breach, the CRA said more than 11,000 of 12 million personal accounts were compromised, including online portals accessing tax payer data and COVID-19 relief programs. Last month, a national survey found more than 80 percent of U.S.

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Finance Ministry: India Retailers With $7M+ Sales Must Accept Debit Cards

PYMNTS

RuPay is a payment network offered by National Payments Corp. 5,000 a day, and the new rule was brought forward through the Income Tax Rules of 2019, with the idea of boosting more digital transactions as well as supporting NPCI, which is a not for profit organization. The fine for non-compliance is going to be ?5,000

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Hacker Tracker: Breach Hits Canadian Agency, Cyber Ransoms Surge

PYMNTS

On Monday (March 13), the Canadian government was forced to pull the plug on its website for filing federal taxes after it discovered that hackers broke into the statistics bureau last week. Cyber Ransoms (Still) On The Rise. Cyberattack Hits Canadian Agency.

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FinDEVr Silicon Valley: Looking Back, Moving Forward

Fintech Labs Insights

Quoted in eWeek on the problem of app security. Announced its Cyber Security scholarship program. Extended its app-security protection to Apple TV. Teamed up with WooCommerce to help online merchants manage sales taxes. Announced sales-tax accuracy guarantee. Unveiled new tax utility service.