Consumers want personal advertising, claims new data

Today's consumer want personalization when it comes to marketing and advertising, with seven of 10 saying they prefer content and ads tailored to their interests and shopping habits, according to new data from Adlucent. Personalization needs may even outweigh privacy...

Sears, Kmart, Delta customer data hit in cyber attack on software provider

The payment data of Sears, Kmart and Delta Air Lines customers may have been compromised in a cybersecurity attack on a software service provider. The breach, which happened in late September 2017 at [24]7.ai, was resolved on October 12 the...

Panera website leaked customer data, claims security researcher

Panera Bread's website "leaked" millions of consumer data records, from emails to credit card digits, for at least eight months, according to a KrebsOnSecurity report. The compromised data includes records relating to consumers signed up to order food online via...

Saks, Lord & Taylor offer free credit monitoring service following breach

In the wake of a data breach, Saks Fifth Avenue and Lord & Taylor are offering consumers a free credit monitoring service. The data hack, discovered at the end of March, affected 5 million customers of the two retailers, which...

Under Armour investigating MyFitnessPal hacking incident

Data on 150 million MyFitness Pal app accounts has been hacked, according to a Reuters report. The Under Armour app accounts were hacked in February and compromised data includes user names, emails, and passwords.

Saks Fifth Avenue customer data hit by hackers

Up to 5 million credit and debit cards have been compromised by hackers, and parent company Hudson's Bay is investigating the security breach. "Once we have more clarity around the facts, we will notify our customers quickly and will offer...

Payments Canada launches new credit risk model

Payments Canada, a financial market infrastructure for payments, is deploying a new credit risk model to boost safety and the soundness of existing systems.It's the first major enhancement on the organization's multiyear payments modernization strategy, according to a press release....

Banks now testing Visa biometric EMV card

Visa has initiated pilots with Mountain America Credit Union and Bank of Cyprus of a new EMV dual-interface payment card, making these the first commercial pilots to test an on-card biometric for contactless payments, according to a press release. "The...

Less credit card fraud reported on Black Friday, Cyber Monday

Not only were sales robust across the retail spectrum this past Black Friday-Cyber Monday timeframe, but the incidents of online retail credit card fraud took a dip — a drop of 29 percent, according to data from iovation. The drop...

Amazon's Whole Foods suffers credit card breach

As consumers still grapple with a massive Equifax data breach, reports indicate Whole Foods' shoppers are likely facing a similar issue. Amazon's Whole Foods Market reported last week that payment card data has been taken from venues within some stores,...

Study: Consumers OK with IoT payments, but want control over purchase

Nearly half of consumers in the U.S. polled for a Worldpay survey said they would feel comfortable with a connected device, such as a refrigerator, ordering items on their behalf, according to a press release from the company about the...

Study: Consumers not keen on facial ID for payments

A Juniper Research survey reveals more than 40 percent of iOS users in the U.S. consider themselves unlikely to use facial recognition as a payment security technology. Contactless payment users consider fingerprint sensors and voice recognition more appealing authentication methods,...

Retail cybercrime may spike due to Equifax hack

Consumers and retailers are likely to be dealing with the aftermath of the major hack at credit reporting firm Equifax. The hackers took data that can be used to hack shopper profiles on retail sites, according to a New York...

Many retailers getting hit by cyberattacks twice a week

Cyber attacks on retailers are averaging twice a week, with 16 percent of retailers reporting an attack or attempted attack every day. The data from Zynstra, an IT software provider, reveals 11 percent of retailers are seeing an attack incident...

Study: Most mobile app users hesitant to give info when signing up

Mobile app users are concerned about the security of their information when they register for a new app, according to a new survey conducted by B2B research firm Clutch. Nearly 90 percent of respondents said security of personal information shared...

Study: Retailers set to lose $71B in CNP fraud in next 5 years

New Juniper Research data reveals retailers stand to lose $71 billion globally from fraudulent card-not-present transactions over the next five years, according to a press release. The research found that a number of factors, such as the U.S. shift to...

Millennials likely to bail on banks, card companies in case of false declines

Iovation, a provider of device-based consumer authentication and fraud prevention solutions, has released findings from its study of the effects of false declines on the consumer. The survey, conducted in partnership with research and advisory firm Aite Group, polled nearly...

The future of data — rounded to the next zettabyte

A new study forecasts that the amount of data worldwide will rise tenfold within the next eight years. The IDC white paper, Data Age 2025, sponsored by Seagate, predicts that data will balloon to a total of 163 zettabytes (yes,...

NAC knocks new FICO findings on card compromise at nonbank ATMs

The National ATM Council Inc. is questioning — for the second year in a row — FICO statistics concerning card compromises at retail ATMs in the United States.  FICO, a data analytics and credit-scoring company, announced in March that 60 percent of card compromises occurring in 2016 involved nonbank ATMs.

Study: Consumers believe mobile wallet data is secure

Consumers across the globe are more concerned with protecting their financial and payments information stored on a computer than they are with protecting this data when stored on a mobile wallet, according to a new joint study from ACI Worldwide...

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