Data breaches declined sharply during the first half of 2021, says a report from Risked Based Security Inc. The number of publicly reported data breaches during the first six months of 2021 totaled 1,767, down 24% from the same period in 2020. At the same time, the number of sensitive …

For Apple Inc. to become a disruptor in the rapidly growing buy now, pay later market, the technology giant is going to have to win consumer’s trust and demonstrate its BNPL platform is secure.  Reports of Apple developing a BNPL product, which the company has internally dubbed Apple Pay Later, …

Until the early years of the 20th century the world was modeled as a Rube Goldberg contraption, where a series of levers, handles, belts, and wheels create a long sequence of well-anticipated actions. Quantum trashed this model and replaced it with cosmic dice. The claim of quantum physics is that …

Widespread theft of online data is driving businesses to seek out alternatives to passwords and usernames for sensitive information, a demand that led point-of-sale device provider MagTek Inc. to develop technology that helps lock up data while taking the company into a new and broader market, which includes medical data, …

Seven and one-half billion dollars in ransomware payments per year is the U.S. cost for upholding the tantalizing idea of Bitcoin, and that is but a fraction of the multifaceted criminal activity that owes its surge to a coin that builds trust on ignorance and awe. Pillars of the U.S. …

Building on its strategy to support cryptocurrency, PayPal Holdings Inc. announced Monday that it has agreed to acquire Curv Inc., a provider of cloud-based infrastructure for digital-asset security, for an undisclosed sum. Once the acquisition is completed later this year, Tel Aviv, Israel-based Curv will become part of a PayPal …

The horrible global pandemic has created a massive shift towards e-commerce, and the fraudsters could not be happier.  Online, the only difference between a legitimate transaction and a fraudulent one is the possession of a small piece of data which the bona fide trader holds, and the fraudster presumably does …

Stolen data presents a burden to the thief. He needs to bring it to market, find a buyer, and compete with other hackers. Ransomware gains, by contrast, are paid in a lump sum by the victim, the money is Bitcoin-protected, and any other data crime can be executed on top …

Much has been written over the years about the seemingly unending succession of data breaches involving credit card and other personal payment data. But little is known about the so-called dark Web, the sites where these data thieves set up shop to sell what they’ve pilfered. It turns out these …

Cyber fraud is endemic. No one is immune. The Federal Office of Budget and Management, the National Security Agency, political campaigns, all have been victimized. It’s the same for financial institutions—but with one subtle distinction that makes all the difference in the world. Let me explain. No harm is inflicted …