Lisa Valentine reports in CIO Today on the phishing problem.

McDonald's has announced an alliance with MasterCard and another alliance with Visa USA to bring cashless payment options to McDonald's restaurants in the US.

The US Department of the Treasury's Office of Thrift Supervision recently sent out a letter to CEO's (PDF) of supervised institutions highlighting the risks of phishing attacks and e-mail scams.

A rapidly growing form of Internet fraud is a practice known as “phishing.” This fraud can lead to financial loss, identity theft, and loss of customer confidence in your institution. The purpose of this memorandum is to familiarize you with the characteristics of phishing, and to encourage you to implement safeguards that will reduce the likelihood of your institution’s customers becoming victims of this fraud.

Jennifer Bayot reports in the New York Times on abuses by credit counseling agencies. The Senate Permanent Committee on Investigations yesterday released a report (PDF) on the subject.   » Continue Reading

The BBC reports on a surge in phishing attacks in the UK.

Jane Larson writes in the Arizona Republic about PayPal and former PayPal executive Jack Selby.   » Continue Reading