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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. . About 140,000 Social Security numbers and 80,000 bank account numbers were compromised. . Reuters reported. and 6 million in Canada.

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

CB Insights

The biometric software behind facial recognition applications can identify facial structures, contours, and expressions, making it a no-brainer for security and identification purposes. Banks are beginning to use facial recognition as secure login tools for customers using their online banking sites and apps.

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Facial Recognition Is Already Here: These Are The 30+ US Companies Testing The Technology

CB Insights

Biometric technology such as facial recognition can quickly and accurately identify individual people and their emotional state, making it a powerful tool for ensuring security and preventing fraud. Energy companies are leveraging facial recognition for security, payments, and driver health.

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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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