"Not having the technical expertise, you rely on the manufacturer to help you with something like this - to stay one step ahead of these problems." - Lilia Rojo, SCE Federal Credit Union
The Wakulla County, Fla. Sheriff's Office has arrested two men for involvement in what's described as "a massive scheme" to defraud thousands of victims across the United States via identity theft.
The arrests of two men in Florida on multiple identity theft charges represent "just the tip of the iceberg" in payment card crimes against merchants and consumers across the U.S., according to law enforcement officials.
A report published by Gartner Research places emphasis on another use for mobile technology in the financial transaction chain - as a security layer for user authentication via global positioning.
Magnetic-stripe cards are quickly showing their age, and are increasingly giving the rest of the world a reason to point a finger of shame at the United States.
The one remaining hurdle for Heartland is located in a courtroom in Houston, Texas, where U.S. District Judge Lee Rosenthal presides over the last remaining class action suit.
Online crimes are increasing in complexity and reach, but they represent only a portion of the fraud trends that banking institutions will face over the next 18 months.
The class action suit brought against Heartland Payment Systems by financial institutions impacted by the 2009 data breach is currently in the hands of Judge Lee Rosenthal, U.S. Southern District Court in Houston, TX.
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