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The FBI is warning banks, transaction processors, and operators of ATMs and ATM networks of an impending cyberheist involving ATMs. This is according to a confidential alert sent by the FBI to U.S. banks and obtained by Krebs on Security, which tracks cybersecurity breaches and trends. The impending ATM cash-out scheme is imminent and will be global in reach, the FBI said.
The latest ranking of fastest-growing privately held U.S. companies, compiled annually by Inc. Magazine, includes numerous payments industry firms, which reflects growth and diversity in financial services. Inc. editor James Ledbetter noted that American companies encourage and depend on continual growth.
More than 2,300 data breaches were publicly disclosed during the first six months of this year, exposing roughly 2.6 billion consumer records, according to a new report from Risk Based Security Inc. And more than four in 10, or 1,000 of breaches reported occurred at U.S. business, the Richmond, Va., firm reported. The company stated breach activity fell from 2017 during the first three months of the year, but rose during the second quarter.
Francisco Partners' acquisition of Verifone Systems Inc. for $3.4 billion, completed Aug. 20, 2018, heralds a new chapter for the storied payments industry brand. Incoming CEO Michael Pulli underscored the company's continuing commitment to customers, partners and payments industry stakeholders.
Two recently disclosed cyberattacks were against cellular carrier T-Mobile and Cheddar's Scratch Kitchen, a fast-casual chain owned by Darden Restaurants. T-Mobile reportedly resulted in the probable theft of customer names and account information. Cheddars disclosed unauthorized access to its corporate networks potentially exposed credit card information from customers in 23 states.
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