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News

• PayPal's two-factor authentication is easily beaten, researcher says

  A security feature offered by PayPal to help prevent accounts from being taken over by hackers can be easily circumvented, an Australian security researcher has found.

• Researchers bypass PayPal's two-factor authentication system

  PayPal was one of the first large online services providers to offer two-factor authentication to its users, but until recently the company's implementation had a loophole that could have allowed attackers to bypass this additional protection.

• PayPal launches 'PassPort' site to help merchants seize a growing overseas market

  PayPal is offering a new educational resource to help merchants worldwide get more use out of its payments service.

• PayPal chief joins Facebook to strengthen mobile messaging

  A stronger set of features, possibly including payments, might be coming to Facebook's messaging properties now that former PayPal president David Marcus has come to work for the social network.

• Biometrics eyed for secure future payments

  Biometrics look like the future of authentication for payments, according to payment experts at the Biometrics Institute Asia Pacific Conference in Sydney.

• LulzSec leader sentenced to time served

  A leader of the LulzSec hacking group is walking free after serving about seven months in prison because of his cooperation with police that has helped prevent hundreds of other attacks.

• Android ransomware demanding $300 from porn site visitors

  Security researchers this week issued warnings about ransomware called Koler that demands $300 from Android users who bite on a fake app typically found on porn sites.

• PayPal rebrands, touting mobile payment abilities

  PayPal has unveiled a new global branding campaign designed to put greater focus on its ability to let people make payments for goods and services anywhere and anytime.

• Twitter: Attack emails drop from 110 million per day to a few thousand

  There used to be a whopping 110 million attack messages per day spoofing the Twitter domain name as cyber-criminals blasted out fake Twitter e-mail at intended victims to try and fool them into opening dangerous malware-infested links and other scams. But by adopting a messaging authentication protocol called Domain-based Message Authentication, Reporting and Conformance (DMARC), Twitter has seen that number drop to a few thousand.

• Deutsche Telekom, Paypal offer carrier billing for digital purchases

  Through a deal with PayPal, Deutsche Telekom is letting mobile users purchase digital goods and get billed on their regular mobile phone accounts.

• Investor Icahn blasts eBay board, calls for company to spin off PayPal

  Investor Carl Icahn has ripped into the eBay board of directors and called for the company to spin off its PayPal unit in a colorful letter to eBay stockholders released Monday.

• What ever happened to the 'FIDO Alliance' that was going to revolutionize authentication?

  What ever happened to the "FIDO Alliance," that industry group that first showed up a year ago saying it was going to revolutionize e-commerce online authentication by promoting a new multi-factor authentication protocol? Turns out the revolution in security is slow in coming but they're making some progress.

• Is Coin the One Payment Card to Rule Them All?

  In an era when consumers' wallets are filled with credit cards, rewards cards, gift cards and other cards, Coin aims to be the universal payment option of choice. But can it stand out in a growing market of smartphone apps, digital wallets and NFC technology?

• GoDaddy owns up to role in Twitter account hijacking incident

  GoDaddy has acknowledged that one of its employees fell victim to a social engineering attack allowing a hacker to take over a customer's domain names and eventually extort a coveted Twitter user name from him. PayPal, which the victim claimed also played a role in the attack, denied the accusations.

• Icahn targets eBay, pans Apple board on same day

  Investment agitator Carl Icahn has now put his sights on auctioneer eBay, but that doesn't mean he will end his pursuit of a massive stock buyback by Apple, an analyst said today.