AFP Fraudwatch: 1,000 Retailers Hit by POS Malware?
Thanks to a warning about a highly dangerous malware that affects retailers at the point of sale, UPS discovered that some of its systems had been infected and has since eliminated the threat. Nevertheless, retailers aren’t out of the water yet—and it’s time for treasurers to take action. More than 1,000 U.S. businesses are now believed to have been affected by Backoff malware.
Bitcoin Breakdown: Could Bitcoin Move Beyond Payments?
Though bitcoin is known predominantly as a currency and payment method, the blockchain technology behind it has the potential to be a disruptive force to the financial system, according to a new report from research and consulting firm Celent.
Tips for Validating the Accuracy of Vendors’ W-9s
Recently on AFP’s discussion list corporate treasury and finance professionals discussed validating the accuracy of vendors’ W-9 forms.
August 2014 Payments: Megahack or Megahype?
This month, we lead off with an analysis of the recent Hold Security report, which sent the media into frenzy over its claims that Russian hackers stole more than a billion usernames and passwords. We speak with several security experts who are very skeptical about the accuracy of this report. Also this month, Christopher Cheniae of U.S. Foods explains how his company implemented a mobile solution to eliminate its check-related challenges, POS malware continues to wreak havoc on the retail industry, and more.
AFP Fraudwatch: Supermarket Breach Compromises Millions?
Supervalu, a Fortune 500 grocery retailer, revealed last Friday that it had incurred a security breach. At least one security expert believes that “millions” of credit and debit cards may have been compromised.