Mastercard warns: invest or face economic consequences. Many UK businesses are struggling to expand and develop to their full potential due to a lack of proper investment into new technologies such as alternative payment methods, a senior Mastercard executive has told CBR. Marcia Clay, the groups' UK and Ireland head of strategy and commercial development, explained that UK consumers are increasingly calling for innovative technologies such as mobile payments as they look to simplify their everyday lives.
The Justice Department announced last week that it had indicted five members of the Chinese People’s Liberation Army on charges of cybertheft. According to the indictment, the five hackers systematically stole business secrets from American corporations — household names like Westinghouse, Alcoa, and U.S. Steel.