Image of Amazon may open 3,000 cashierless stores by 2021 - as survey reveals it's now third in online ads | Daily Mail Online
Amazon may open 3,000 cashierless stores by 2021 - as survey reveals it's now third in online ads | Daily Mail Online
Amazon may plan to open 3,000 cashierless stores by 2021, Bloomberg reportsThe firm already has four locations of its Go stores open, but it may have up to 10 locations up and running by the end of the year and as many as 50 open by 2019It's the latest example of Amazon's rapidly growing businesses, the latest being its advertising unit, which is set to be ranked third in the US digital ad market.... [Read More]
SEC Discloses Edgar Corporate Filing System Was Hacked in 2016 - WSJ
WASHINGTON—The top U.S. markets regulator disclosed Wednesday that hackers penetrated its electronic system for storing public-company filings last year and may have traded on the information.The Securities and Exchange Commission’s chairman, Jay Clayton, revealed the breach in an unusual and lengthy statement issued Wednesday evening that didn’t provide many details about the intrusion, including... [Read More]
Image of Hackers Using Fake Cellphone Towers to Spread Android Banking Trojan
Hackers Using Fake Cellphone Towers to Spread Android Banking Trojan
Chinese Hackers have taken Smishing attack to the next level, using rogue cell phone towers to distribute Android banking malware via spoofed SMS messages.SMiShing — phishing attacks sent via SMS — is a type of attack wherein fraudsters use number spoofing attack to send convincing bogus messages to trick mobile users into downloading a malware app onto their smartphones or lures victims into givi... [Read More]
Image of Dridex Banking Trojan Gains ‘AtomBombing’ Code Injection Ability to Evade Detection
Dridex Banking Trojan Gains ‘AtomBombing’ Code Injection Ability to Evade Detection
Security researchers have discovered a new variant of Dridex – one of the most nefarious banking Trojans actively targeting financial sector – with a new, sophisticated code injection technique and evasive capabilities called "AtomBombing."On Tuesday, Magal Baz, security researcher at Trusteer IBM disclosed new research, exposing the new Dridex version 4, which is the latest version of the infamou... [Read More]
Image of Cash No Longer King: Europe Accelerates Move To Begin Elimination Of Paper Money | Zero Hedge
Cash No Longer King: Europe Accelerates Move To Begin Elimination Of Paper Money | Zero Hedge
Submitted by Shaun Bradley via TheAntiMedia.org,In the shadow of Donald Trump’s spree of controversial actions, the European commission has quietly launched the next offensive in the war on cash. These unelected bureaucrats have boldly asserted their intention to crack down on paper transactions across the E.U. and solidify a trend that has been gaining momentum for years.The financial uncertainty... [Read More]
Image of The rise of the cashless city: 'There is this real danger of exclusion' | Cities | The Guardian
The rise of the cashless city: 'There is this real danger of exclusion' | Cities | The Guardian
Scrolling through my online bank statements at Christmas, I was surprised to find I had not removed cash from an ATM for well over four months. Thanks to the ubiquity of electronic payment systems, it has become increasingly easy to glide around London to a chorus of approving bleeps.As more shops and transport networks adapt to contactless card and touch-and-go mobile technology, many major citie... [Read More]
Image of Tesco Bank Hacked — Cyber Fraudsters Stole Money From 20,000 Accounts
Tesco Bank Hacked — Cyber Fraudsters Stole Money From 20,000 Accounts
Almost 20,000 Tesco Bank customers have had their money stolen from their accounts after the banking arm of UK's biggest retailer fall victim to a hacking attack this weekend.As a result of the hack, Tesco Bank has frozen online transactions in an attempt to protect its customers from, what it described as, the “online criminal activity.”However, customers can still use their debit and credit card... [Read More]
Image of PressTV-'Leading banks set to withdraw from UK'
PressTV-'Leading banks set to withdraw from UK'
Leading banks are set to withdraw from Britain in the first few months of 2017 as fears grow over the so-called “hard-Brexit,” says the chief executive of the British Bankers’ Association, Anthony Browne.Under the “hard Brexit” formula, the UK may lose its preferential access to the EU's single market and customs union that might potentially reintroduce tariff and non-tariff restrictions on Britis... [Read More]
Image of Massive ATM Hack Hits 3.2 Million Indian Debit Cards — Change Your PIN Now!
Massive ATM Hack Hits 3.2 Million Indian Debit Cards — Change Your PIN Now!
India is undergoing the biggest data breaches to date with as many as 3.2 Million debit card details reportedly stolen from multiple banks and financial platforms.The massive financial breach has hit India's biggest banks including State Bank of India (SBI), HDFC Bank, Yes Bank, ICICI Bank and Axis, and customers are advised to change their ATM PIN immediately.Hackers allegedly used malware to com... [Read More]
BBC - Capital - The countries where cash is on the verge of extinction
Lauren ComiteauMy dad, a former Wall Street trader always advised me “cash is king” and to “hold on to it” when the economy gets tough.    I can’t remember the last time we received a cash payment But in the Netherlands, cash is definitely not getting the royal treatment. In so many places, it has simply ceased to be recognised as legal tender. More and more Dutch stores, from upsca... [Read More]
Bank threatens charges as negative interest rates loom
Customers could be charged for depositing money in their accounts after one of Britain’s biggest banks took a step towards negative interest rates.Hundreds of thousands of NatWest business customers have been warned that they could be made to pay a fee for having a credit balance. The announcement opens the way for a high street bank to introduce negative interest rates — with savers effectively p... [Read More]
What’s up, doc? Tell me over my smartphone, please
This year, a German businesswoman arrived in Washington DC and promptly developed a painful sinus infection. She searched online and found a local doctor, Suzanne Doud Galli. But instead of ordering a taxi to visit Dr Galli’s office, the patient arranged a virtual consultation via her smartphone from the comfort of her hotel room, with the help of an app called HealthTap.The app’s algorithm matche... [Read More]
Image of Satan’s credit card: What the mark of the beast taught me about the future of money
Satan’s credit card: What the mark of the beast taught me about the future of money
Charlie Warzel of BuzzFeed News tried cashless, cardless, and walletless living for a month by having a payment microchip inserted in his hand.Silicon Valley has sold us on a cashless, cardless, walletless, supposedly frictionless future — but as I learned living in it for a month, we're not quite there yet.It's the dead of winter in Stockholm and I'm sitting in a very small room inside the very i... [Read More]
Image of The Banks Are Coming for Your Savings and Digital Money Is Going to Make It Easier
The Banks Are Coming for Your Savings and Digital Money Is Going to Make It Easier
The bombshell publication of the "Panama Papers" has triggered both outrage and skepticism.Exposing tax dodgers is a worthy endeavor, but the “limited hangout” of the Panama Papers may have less noble ends, dovetailing with the War on Cash and the imminent threat of massive bail-ins of depositor funds.The bombshell publication of the “Panama Papers,” leaked from a Panama law firm specializ... [Read More]
Smartphones to replace cards at bank machines | GlobalPost
Here's another use for the smartphone as it invades daily life: in place of your debit card at your bank cash machine. The "cardless" automatic teller machine (ATM) is gaining ground in the US and around the world, with smartphone technology allowing for speedier and more secure transactions. Dozens of US banks are installing new ATMs or updating existing ones to allow customers to order c... [Read More]