Wonga, a prominent UK payday loan firm, has warned 270,000 of its customers that their accounts may be at risk following a data breach.
The company reportedly discovered the breach last week but only realised that customers' account details were at risk on Friday 7th and then began notifying them the following day. More than 245,000 UK customers have been notified in addition to 25,000 in Poland.
American online brokerage Scottrade says a mistake by third party vendor Genpact resulted in the sensitive information of around 20,000 customers being left exposed.
BPO outfit Genpact uploaded a dataset containing commercial loan application information from a B2B unit within Scottrade Bank to one of its cloud servers that did not have all the security protocols in place.
Payment professionals are well aware of the benefits of payment technologies now entering the marketplace, but concerns about cost and compatibility may delay their implementation, according to Managing Payment Technology Innovation, a study conducted by Capital One and the NAPCP, the professional association of the commercial card and payment industry.
Based on a survey of 136 payment professionals from 21 sectors, the study revealed that payment professionals appreciate the heightened security, streamlined operations, enhanced analytics, lower costs, and, in some cases, additional revenue to be gained from these technologies. However, survey respondents identified three major barriers to implementation: insufficient information to make an informed cost-benefit analysis; insufficient leadership commitment; and lack of knowledge about sophisticated and cutting-edge payment technologies such as blockchain and tokenization.
Accenture (NYSE: ACN) has completed its acquisition of Arismore, a privately held company in France that specializes in providing security services, including identity and access management (IAM), as well as enterprise architecture, change management and related training services. The acquisition, first announced on December 19, 2016, brings to Accenture complementary security solutions and services, a strong client base and a talented team of 270 highly skilled security and enterprise architecture professionals.
Chartis Research has named Wolters Kluwer a Category Leader in its 2017 RiskTech Quadrant® for Enterprise GRC Solutions, marking the fourth consecutive time it has earned this distinction. Wolters Kluwer advanced to a top five position among vendors participating based on its governance, risk and compliance capabilities, moving up another notch since the last time Chartis conducted its Enterprise GRC Solutions market update.
Chartis Research has named Wolters Kluwer a Category Leader in its 2017 RiskTech Quadrant® for Enterprise GRC Solutions, marking the fourth consecutive time it has earned this distinction. Wolters Kluwer advanced to a top five position among vendors participating based on its governance, risk and compliance capabilities, moving up another notch since the last time Chartis conducted its Enterprise GRC Solutions market update.
Financial fraud losses across payment cards, remote banking and cheques totalled £768.8 million in 2016, an increase of 2 per cent on the previous year, figures from Financial Fraud Action UK show.
As the US finally made the switch to EMV chip cards, last year saw e-commerce fraud rates jump by 33%, according to data from Experian.
In late 2015 the US finally followed much of the rest of the world when Visa and other card schemes switched the liability for fraud-related losses to retailers that have not upgraded their hardware for EMV.
