Google turning smartphones into wallets: source

Google on Thursday will launch a mobile payment platform that lets people use smartphones to pay at shops as easily as they use a credit card, according to a source familiar with the matter.

Target: Customers' encrypted PINs were stolen

Target said Friday that debit card PIN numbers were among the financial information stolen from millions of U.S. customers who shopped at the retailer earlier this month.

Citigroup says 360,000 affected by hackers

Hackers stole account information of more than 360,000 of Citigroup Inc.'s U.S. credit card customers in a recent data breach, the bank said Wednesday, almost double the number initially thought.

Online scams cost $485 mn in US in 2011: survey

Online scams including identity theft schemes, "advance fee" and "romance fraud" cost Americans some $485 million in 2011, a report prepared for the FBI said Thursday.

Spurious switching points in traded stock dynamics

Physicists have rebuffed the existence of power laws governing the dynamics of traded stock volatility, volume and intertrade times at times of stock price extrema. They did this by demonstrating that what appeared as "switching ...

Combatting retail fraud using a simulator

Every year the retail industry lose billions of dollars to fraud in the US alone. To complicate the matter research in the field has been obstructed due to the sensitive nature of transactional data. To facilitate future ...

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