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NewsBriefs

Editor's Note: Following are excerpts from news stories recently posted Online Lenders updates the Fed's 2015 study on alternative
under Breaking Industry News on our home page. For links to these and lending. The report shares perspectives from 42 small
other full news stories, please visit www.greensheet.com/breaking- and midsize business owners who have up to $2 million
news.php?flag=previous_breaking_news. in annual revenue and who recently shopped online for
financing.
CipherTrace reports spike in
crypto theft, money laundering

CipherTrace, a developer of blockchain security founded
in 2015, released the CipherTrace 2018 Q2 Cryptocurrency
Anti-Money Laundering Report on July 3, 2018. One key
finding disclosed in the quarterly report: three times more
cryptocurrency was stolen from exchanges in the first
half of 2018 than in all of 2017. The report also explains
why cyber extortionists, dark markets and ransomware
perpetrators prefer bitcoin for their cryptocurrency
payments, CipherTrace stated, adding that "these dirty
The Green Sheet, CCSalesPro funds all need to be 'laundered,' which results in a
start new podcast series multibillion-dollar and growing cryptocurrency money
laundering problem that is attracting the attention of
In July 2018, The Green Sheet Inc., in partnership with regulators globally."
CCSalesPro, launched the Merchant Sales Podcast. James
Shepherd, CEO at CCSalesPro, and The Green Sheet Senior Consumer expectations high for
Editor Patti Murphy are hosting the podcast. Weekly digital-forward shopping, dining
episodes will include interviews with industry veterans
and subject-matter experts, insider reports on industry A survey of U.S. consumers found that technology has
trends, and questions from the field. become increasingly integral to the shopping and dining
experience, and missteps en route can lead to negative
Time's up for SSL and early TLS consequences. Of those polled by Boomtown, 46 percent
felt more confident in brands that deliver advanced
June 30, 2018, was the effective deadline for merchants to technologies consistently; 44 percent were prepared to
implement TLS 1.2, according to the PCI Security Standards visit such brands more frequently as a result.
Council. The newer version of Transport Layer Security
(TLS) is required for merchants with Internet-facing Macy's closes barn door after breach
systems. The technology addresses flaws in previous
security protocols, which include Secure Sockets Layer Macy's Inc. revealed on July 2, 2018, that a security data
(SSL) and earlier iterations of TLS, the council stated. An breach might have affected shoppers on its ecommerce
April 2015 information supplement, titled Migrating from sites between April 26 and June 12, 2018. Blair Rosenberg,
SSL and Early TLS, called SSL a 20-year-old technology, vice president, corporate communications at Macy's, said
adding, "The time to migrate is now." the event might have compromised "a small number
of our customers at macys.com and bloomingdales.
Fed survey finds growth in nonbank finance com." Rosenberg stated that Macy's has taken additional
security measures and contacted potentially impacted
Survey data from the Federal Reserve Board and the customers. Security analysts criticized Macy's for failing
Federal Reserve Bank of Cleveland, published June 28, 2018, to adequately protect consumer data and privacy, calling
shows significant growth in nonbank finance. Browsing the company's remedial measures "too little, too late."
to Borrow: "Mom & Pop" Small Business Perspectives on

IndustryUpdate

ANNOUNCEMENTS and increase its footprint in the integrated payment
space. Scott McEwing, the company's vice president of
sales, said, "As a leader in the B2B and card-not-present
Century Business launches agent, ISO program environment, we're excited to partner with highly suc-
Century Business Solutions launched an agent and ISO cessful and motivated sales professionals across the
program designed to provide payment professionals a country to give small businesses access to the efficiency
business opportunity with long-term income potential and cost-savings of our integrated payment solutions."

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