Monthly Archives: May 2016

Dailey Foundation announces 14 quarterly grant awards

The Board of Directors of the Tom E. Dailey Foundation Inc. is pleased to announce the quarterly award of 14 grants totaling $34,900 on May 7, 2016. The Foundation has awarded 162 grants totaling $512,946 since its creation in 2013. Local Matters, Columbus, Ohio      $ 2,500  This application was submitted under the Disadvantaged [...]

By |2017-11-18T15:32:41-05:00May 8th, 2016|Dailey Foundation|Comments Off on Dailey Foundation announces 14 quarterly grant awards

Why do banks issue payment cards with magnetic stripes then penalize merchants for accepting them?

Effective last October, merchants who process a chip-enabled payment card by swiping the magnetic stripe instead of dipping the card in the chip reader are subject to full liability for fraudulent transactions.  So why are banks continuing to issue cards that contain both chips and magnetic stripes? This article from ATM Marketplace offers some thought-provoking insights about the [...]

By |2017-11-18T15:32:41-05:00May 6th, 2016|EMV, Liability Shift|Comments Off on Why do banks issue payment cards with magnetic stripes then penalize merchants for accepting them?

Millions (or is that billions?) of login credentials hacked, setting the stage for increased identity theft, data breaches and system intrusions.

Initially reported by Hold Security's Alex Holden and expanded by Reuters, a Russian hacker claims to be in possession of over 1 billion account credentials including Google, Hotmail and Yahoo accounts.  If true, this would likely be the largest user credentials breach in history.  Google, Yahoo and the other providers are investigating but have not yet commented on [...]

By |2017-11-18T15:32:41-05:00May 5th, 2016|data breach, data security|Comments Off on Millions (or is that billions?) of login credentials hacked, setting the stage for increased identity theft, data breaches and system intrusions.
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