Heartland Payment Systems Inc. (HPY), the nation's sixth-largest payment processor, reports a loss for the second quarter because of a $19.4 million charge to settle claims and legal fees related to the security breach revealed earlier in January
This one was almost predictable.
We were just days away from Aug. 1, the date after which the Federal Trade Commission (FTC) would start enforcing compliance with the Identity Theft Red Flags Rule.
Then came the announcement from the FTC that it's going to extend the deadline. Again.
A data breach at Internet domain administrator and host Network Solutions has compromised personal and financial data for more than 573,000 credit and debit cardholders. To add more pain to the breach, Network Solutions says it was PCI compliant at the time of the breach.
A little over one year after the scandalous resignation of ex-NY Governor Eliot Spitzer, money laundering again is at the heart of a major news story.
Federal authorities from the FBI and IRS arrested 44 people in New Jersey and New York on Thursday -- including three mayors and four rabbis -- in a case involving...
Driving to my office yesterday, I listened to the radio as an announcer read the news of an FBI sweep that saw politicians and religious leaders arrested. The first group I wasn't exactly surprised about, but religious leaders? Well, I was listening even more closely when the radio announcer then said there were four...
If there's one thing I've learned about information security professionals, it's that they come in multiple flavors.
Yet, increasingly today, you want people who can run security like a business, feel comfortable in maintaining a seat at the table and are willing to work with changing governance
Advice for those banking institutions still weighing whether to get into the mobile game: Do it. Now.
There are new customers and deposits to gain via mobile, say industry observers. And an added bonus: Mobile customers can prove more profitable than traditional bank customers. These are just two of the trends...
Lexis-Nexis made public notification of a data breach that federal authorities say is tied to a New York mafia crime family. The New York-based company has sent more than 13,000 letters to former customers whose personal data may be at risk. The 13,000 customers may have been targeted for extortion and identity theft.
Looking for summer reading?
Just finished a new book, "Late Edition," by one of my favorite writers, Bob Greene. This is a touching, often funny memoir of Greene's days as a newspaper rookie in Columbus, Ohio in the 1960s.
How strongly do consumers embrace electronic bill payments, and do they really want mobile banking as much as industry analysts say they do?
These were the questions on Dennis Simmons' mind when his trade organization, SWACHA, the electronics payments resource, launched a recent survey on consumer usage of...