Equifax Inc. said it expects costs from its massive 2017 data breach to hit $275 million this year, offset by $75 million in insurance proceeds, Reuters reported. The credit-reporting agency also disclosed that another 2.4 million people were affected by the cyber attack in addition to the more than 145 …

Some 27% of executives with responsibility for their organization’s mobile devices said their firm had experienced a security incident in the past year involving the loss of data or system downtime in which mobile devices played a key role, according to new findings from Verizon Communications Inc. In addition, 32% …

In the wake of the Florida school shooting, First National Bank of Omaha has said it will not renew an agreement it has with the National Rifle Association to issue a cobranded Visa card. American Express Co. said its cardholders can now use their Membership Rewards points to order items …

Visa Inc. launched Token Management Service, a service it says will make it easier for users to manage tokenized payment card data from multiple sources and across multiple channels, the card network announced Thursday. Designed to complement the Visa Token Service, the new program provides a way for merchants to use …

Some 124 new data breaches have become known this year as of Feb. 16, the Identity Theft Resource Center reports. And the White House’s Council of Economic Advisors issued a study last week pegging the cost of malicious cyber activity to the economy in 2016 at $57 billion on the …

Payment-processing hardware and software provider VeriFone Systems Inc. said the Apptizer mobile order-ahead app is now integrated with its Verifone Carbon point-of-sale devices. In related news, VeriFone said Helsinki-based Euroloan Group Plc’s Mash application is now integrated into the Verifone Connect system, enabling consumers to select a pay-later option when …

Thanks to the seemingly unending epidemic of data breaches—capped by the huge breach last summer at credit-reporting titan Equifax Inc.—consumers are becoming both more aware and more cynical about the problem, according to research released Tuesday by Javelin Strategy & Research. In the wake of the Equifax case, in which …

Wearables, a hot sector within the booming Internet of Things, are being outfitted with new payments technology. Will wearables generate a tide or just a trickle of new electronic payment transactions? The idea of enabling smart watches, fitness trackers, and other Internet-connected wearable devices to make contactless electronic payments is …

The Consumer Financial Protection Bureau announced changes to its controversial prepaid accounts rule and extended its effective date by one year, to April 2019. The changes will adjust error-resolution requirements for prepaid card providers and will make it easier for consumers to link credit card accounts to digital wallets, some …

China-based smart-phone maker OnePlus, which sells phones in the U.S. and dozens of other countries, confirmed that its Web site was hacked, potentially exposing the credit card information of 40,000 customers as they entered card data on the oneplus.net site between mid-November and Jan. 11. OnePlus said it is notifying …