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WU Western Union Company

10.80
0.23 (2.18%)
16 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Western Union Company NYSE:WU NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.23 2.18% 10.80 10.915 10.59 10.63 7,426,199 01:00:00

New York AG Settles With Companies Over App Security

14/12/2018 7:50pm

Dow Jones News


Western Union (NYSE:WU)
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   By Patrick Thomas 
 

The New York attorney general's office said Friday it has reached a settlement with five companies accused of failing to keep sensitive information in their mobile apps secure.

The settlement with Western Union Co. (WU), Booking Holdings Inc.'s (BKNG) Priceline.com, Equifax Inc. (EFX), Spark Networks Inc. (LOV) and Credit Sesame Inc. requires each company to implement comprehensive security programs to protect user information.

The New York attorney general's office said the apps had a well-known security vulnerability that could have allowed information, such as passwords, social-security numbers, credit-card numbers and bank-account numbers, to be hacked. The companies also didn't test the apps for the flaw, according to the New York attorney general's office.

The apps allegedly failed to establish a secure connection to the internet and were susceptible to hackers using the same public WiFi in a coffee shop or at an airport, the New York attorney general's office said.

"Businesses that make security promises to their users, especially as it relates to personal information, have a duty to keep those promises," New York Attorney General Barbara Underwood said in a statement.

None of the companies involved in the settlement responded immediately to request for comment.

 

Write to Patrick Thomas at patrick.thomas@wsj.com

 

(END) Dow Jones Newswires

December 14, 2018 14:35 ET (19:35 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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