The hacker gang known as Lapsus$ breached Microsoft’s systems and pilfered the software giant’s source code for the Bing search engine and Cortana voice assistant, according to a blog post late Tuesday (March 22) by Microsoft Security. The Microsoft Threat Intelligence Center (MSTIC), Detection and Response...
Even in the digital age, the phone is the key conduit for interactions between customers and corporations. Amit Gupta, vice president of authentication at Pindrop, told PYMNTS that in a world where 70% of adults still stick with the phone to contact customer service representatives,...
The Li Finance swap aggregator experienced a smart contract attack which led to around $600,000 lost from 29 users’ wallets, a report said. The attack happened at 2:51 a.m. UTC Sunday (about 11 p.m. EDT Saturday), according to Cointelegraph. The attacker was able to exploit...
Trusted user experiences are highly important to consumers accessing digital accounts via desktop browser or mobile device. In fact, eight out of 10 consumers say that digital security impacts how much they trust their financial institutions (FIs), according to “The Future Of Authentication In Financial...
In custody since July 2020, the former CEO of Wirecard Markus Braun was by formally charged by Munich public prosecutors with fraud, breach of trust and accounting manipulation following a criminal investigation into the German payments firm, according to multiple media reports on Monday (March...
It’s time to bring the curtain down on “security theater.” You’ve been an actor, perhaps, on that stage — and no bit player, either. Pindrop CEO Vijay Balasubramaniyan told PYMNTS’ Karen Webster that no matter the channel — digital, yes, but especially on the phone...
Companies important to the U.S.’s national interests will now have to report when they’re hacked or if they pay ransomware, an Associated Press report said, under a bill passed by Congress and expected to be signed by President Joe Biden. The rules come as part...
The U.S. Commodity Futures Trading Commission (CFTC) has filed a federal civil enforcement action this week against four men for allegedly conducting a $44 million bitcoin Ponzi scheme. According to a CFTC news release, Dwayne Golden of Florida, Jatin Patel of India, Marquis Egerton of...
Welcome to PYMNTS’ series on crypto crime. We’ll be taking a look at the crimes that have not only been committed in the cryptocurrency industry but have defined it — especially Bitcoin — in many people’s minds. We’ll give you a look at the realities...
