Walmart saved millions from elder gift card scams

A gift card display stands at a Walmart Inc. store in Burbank, California. Patrick T. Fallon | Bloomberg | Getty Images Technology developed by Walmart helped the retail giant identify and freeze nearly $4 million in gift cards that had been bought by thousands of primarily elderly victims at the direction of con artists who … Read more

Apple, Facebook fell for scam and gave user data away: report

Apple Inc. and Facebook’s parent company fell for an email scam and turned some user data to phony law enforcement officials, a bombshell new report said. Cybercriminals who used hacked domains belonging to multiple law enforcement agencies made bogus “emergency requests” for certain users’ information, Bloomberg News reported on Wednesday. The companies handed over basic … Read more