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Capital One Hack Prompts Lawsuit, NY AG Probe

PYMNTS

The FBI has arrested a Seattle area woman, Paige A. Thompson, on a charge of computer fraud and abuse, The Washington Post reported. She was caught with the help of a social media post where she allegedly admitted to breaking the law.

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Cap One Hack Hits 100M Credit Card Applications

PYMNTS

The Washington Post reported that the FBI has arrested a Seattle area woman, Paige A. Thompson, on a charge of computer fraud and abuse. While I am grateful that the perpetrator has been caught, I am deeply sorry for what has happened,” Richard D. Fairbank, Capital One’s chairman and chief executive, said in a press release.

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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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The Frightful Five: Fake Apps And Hubcaps

PYMNTS

Meanwhile, in America, Amazon has reportedly slashed the number of open positions at its Seattle headquarters and is even talking about a hiring freeze leading up to major capital expenditures on its forthcoming second headquarters in a city TBD. The social media giant is once again taking on Snapchat in a quest to win over younger users.

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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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Qumram’s Regtech Offering Lands $1.49 Million

Fintech Labs Insights

Today’s funds come from Madrid-based Mundi Ventures, a technology-focused VC firm that also operates in Barcelona, London, and Seattle. In addition to facilitating compliance, Qumram offers internal and external fraud detection, as well as actionable insights that inform banks how to improve the user experience.

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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. Target and Walmart have experimented with facial recognition to combat shoplifting and fraud.