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Online stores for governments and multinationals hacked via new security flaw

Since at least October 2018, multiple hacking groups have been abusing a previously unknown security flaw in a database management tool to take over online stores and insert malicious code that steals payment card details from checkout forms. The attacks have been spotted by Dutch security researcher Willem de Groot, who says that several high-profile stores for governments and multinational… Read more →

Square intros debit card that lets merchants instantly access sales balance

Square is once again expanding its product ecosystem with the launch of a free debit Mastercard for its merchant sellers. According to Square, the debit card will give small businesses immediate access to funds from the payments they accept. The debit card is also meant to help merchants with money management, preventing the commingling of personal and business funds. Unlike… Read more →

West African banks hit by multiple hacking waves last year

Image: Symantec Banks and financial institutions in West Africa have been hit by four different hacking campaigns last year, according to a report published today by US cyber-security giant Symantec. Organizations in Cameroon, Congo (DR), Equatorial Guinea, Ghana, and the Ivory Coast have been hit, Symantec said today. The attacks, which haven’t yet been attributed to any hacking group, in… Read more →

Microsoft and Verizon Media extend Bing Ads-Yahoo deal

Credit: Microsoft Microsoft and Yahoo have a long and twisted history, going back to Microsoft’s near-purchase of Yahoo in 2008. The partnership between the two (via Yahoo’s parent company Verizon Media — formerly known as Oath) is taking another turn this week, with Microsoft’s announcement that Bing Ads is now the exclusive search-advertising platform for Yahoo and Verizon’s other media… Read more →

A better Bitcoin? Unit-e promises 10,000 transactions per second

Before the Bitcoin boom — and crash — cryptocurrency brightened the eyes of those who saw the virtual coins as a means to wrestle control away from traditional, central authorities and corrupt governments in order to give individuals more control of their financial assets. It didn’t quite work out that way. The cryptocurrency industry as a whole has become a… Read more →

Alation raises $50M series C round amid rising demand for data catalogs

Alation’s AI-driven SmartSuggest feature, invoked in the Compose query interface Credit: Alation Alation, whose product mashes up enterprise collaboration, SQL querying and staple data catalog functionality, is today announcing it has successfully closed its $50M Series C funding round. The company says cash from the new round, which was led by Sapphire Ventures (the growth investment arm of SAP) and… Read more →

Rackspace launches managed database service for AWS

Rackspace on Thursday announced a key expansion of its managed services for Amazon Web Services. The Windcrest, Texas-headquartered company is launching a managed database service for AWS, a suite of services designed to help companies leverage adoption of Amazon Aurora, Amazon Redshift, AWS Glue and Amazon Athena. According to Rackspace, the database service gives customers the ability to prep, load… Read more →

An iPhone 7 audio problem that could cost you $180 to fix

Do you have an iPhone 7 or iPhone 7 Plus that’s suffering from strange audio issues? Then hopefully it’s still under warranty, because this problem could otherwise cost you as much as $180 to fix. Must read: 2019: The Apple products you shouldn’t buy So, let’s start off by looking at the symptoms of the audio problems. These issues range… Read more →

Oklahoma gov data leak exposes FBI investigation records, millions of department files

Researchers have disclosed the existence of a server exposed to the public which not only contained terabytes of confidential government data but information relating to FBI investigations. According to UpGuard cybersecurity researchers Greg Pollock and Chris Vickery, the open storage server belonged to the Oklahoma Department of Securities (ODS), a US government department which deals with securities cases and complaints…. Read more →

Mastercard’s free trial rules likely to alter the subscription economy’s playbook

Mastercard is putting in new rules for free subscription trials that will require merchants to get approval before billing. Under the rules, Mastercard will require a merchant to send the cardholder a text or email with the transaction amount, payment date, merchant name and instructions on how to cancel a trial. It’s a safe bet that these Mastercard rules will… Read more →

Revolut’s clumsy automated bank compliance results in frozen accounts and lack of customer service

Following on from my previous post about modern, mobile-first FinTech bank customer’s frozen account nightmares, with UK ‘app banks’ locking clients out of their accounts for security and compliance checks, I have continued to attempt to get feedback from vendors.  I focused a lot on Revolut in my last post, partially because while visiting the UK regularly over the past… Read more →

Google Chrome extension that steals card numbers still available on Web Store

A malicious Google Chrome extension that can recognize and steal payment card details entered in web forms is still available on the Chrome Web Store. The extension is the work of a cyber-criminal group and has been at the heart of a malware distribution effort in the past. The website through which the extension was initially distributed is now down,… Read more →