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NewsBriefs

Following are excerpts from news stories recently posted under Breaking Industry used "bcrypt," a hashing algorithm, to store the
News on our home page. For links to these and other full news stories, please visit passwords, providing hackers with an exploitable
www.greensheet.com/breakingnews.php?flag=previous_breaking_news. cache of sensitive data.
Experts debunk 'sophisticated hacker' myth
Kevin Gosschalk, founder and CEO at Arkose Labs,
and other security industry leaders, see the recent
rash of cybersecurity attacks as more opportunistic
than sophisticated. In an interview with The Green
Sheet, Gosschalk suggested consumers and business
owners give too much credit to fraudsters, whom he
described as low-level operatives.
7.5 million exposed in digital banking breach
"Criminals are bulk-creating accounts to purchase
Dave.com, a digital banking app known for fee-free cash ad- expensive items, which they ship to themselves and
vances and user-friendly policies, disclosed on June 25, 2020, that resell at a markup," Gosschalk said. "To get the best
hackers gained access to its user database, potentially putting 7.5 return on investment, they automate the process
million users in harm's way. The company is cooperating with with software and scripts to do this 10,000 times an
the FBI, law enforcement and security analysts in an ongoing in- hour, as opposed to doing it by hand."
vestigation, according to Dave.com representatives. Government eyes trained on payments

Reports indicate hackers exploited Waydev, a Dave.com third- The COVID-19 pandemic has inhibited many as-
party service provider that had used an insecure encryption pects of life these days; however, that doesn't appear
method to store user passwords. Investigators claim Waydev to be the case with government agencies charged
with monitoring and taking action against alleged
rogue actors in the payments sphere.

In July, The Green Sheet reported on one such action
brought by the FTC and the New York Attorney
General against merchant cash advance provider
We’re More Than an Authorization RCG Advances and its executives. That company
We’re The Best Solution For You and Your Merchants is alleged to have engaged in deceptive marketing
and unfair collection practices, including threats of
violence to compel business owners to repay money.
Members of GS Online's MLS Forum have been dis-
cussing several other cases of note recently.
SpotOn, Seatninja, legislators
aim to save restaurants
RETAIL/POS DEVELOPERS
While additional economic aid will be essential to
helping restaurants survive while the COVID19
QUICKBOOKS®
pandemic wears on, sustained recovery will take
more than a cash infusion, according to Zach Hy-
man, co-founder of SpotOn Transact Inc. Restaura-
teurs must transform existing business models to
MOBILE eCOMMERCE
remain viable now and in the post-pandemic future,
he stated.
Plus ePN offers customized, versatile services
to help you support your business "Our clients, and businesses nationwide, are
Contactless/NFC • EMV • Level III • Inventory • CDM • Bill Pay • Recurring Payments having to adapt how they run their businesses,"
Hyman said. SpotOn is making a concerted effort
Through our ePN Partnership, ISOs/MSPs will experience: to help restaurateurs leverage its digital platform
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