The FBI and US Secret Service have put to bed rumours that a recent cyber attack on JP Morgan & Chase, America’s largest bank, were sponsored by the Russian government.
The financial institution admitted in August that hackers had accessed the names and contact details of 83 million customers, making the breach one of the largest in history. However, account details, passwords, user IDs and other personal information such as birth dates and Social Security numbers are not thought to have been compromised.
At a press conference held yesterday at the Financial Services Roundtable in Washington, law enforcement figures said that the attack is believed to have been mounted by cybercriminals. The authorities rejected earlier suggestions that the hack was revenge by the Russian government for economic sanctions, put in place in protest of the ongoing hostilities with Ukraine.
“There is no indication this was the result of sanctions,” said Joseph Demarest, assistant director of the FBI’s cyber division.
Just 31% of Brits know who's on the back of the new £5 polymer banknote, says new research from Barclaycard, which also found that the number of cash users continues to drop as people prefer using more digital methods of payments.
Nine out of ten consumers use their smartphones more than any other device, and consumers would also prefer to use biometrics over PINs - with fingerprints being the preferred method, according to a new Mastercard survey.
It's banks, not government agencies, that the British people trust to deliver biometric authentication payment services, says a new Visa study.
With less than two weeks to go until the US liability shift hits its first anniversary, MasterCard published new data evidencing the positive impact the technology is having on issuing banks, merchants and consumers, as well as saying adoption continues to grow.