FBI Warns Retailers of New Credit Card Malware
A recent cyber attack against a restaurant chain’s credit card system prompted the FBI to issue a warning last week that criminal hackers are using new malicious software to steal personal financial data. Investigators have identified software signatures used in a new point-of-sale malware called “Punkey,” named after the 1980s sitcom character Punky Brewster. [Washington Free Beacon]
For Millions, Mobile Banking Now Trumps Going to a Branch
In the U.S., nearly one in four banking consumers, or 56 million people, consider themselves “mobile first,” primarily using a mobile device to access their checking accounts, according to a new study from Javelin Strategy & Research. The number of people accessing their banks weekly via a mobile device is now equal to the numbers who visit a bank branch. Just four years ago, only 9 percent of banking consumers regularly reached for their smartphone or tablet. Now, that share has climbed to 27 percent. During that same period, weekly visitors to brick and mortar bank branches shrunk to 28 percent of bank customers from 40 percent.
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