Inscribe has raised $25 million to expand its fraud detection capabilities and introduce risk intelligence tools. The new Series B capital brings the firm’s total amount raised to $38 million, Inscribe said in a Wednesday (Jan. 25) blog post. “Our mission at Inscribe is to...
A string of major hacks in Europe has put ransomware in the spotlight. A type of malware that infects computer networks, ransomware threatens to publish the victim’s data or permanently block access to it unless a ransom is paid. And while some ransomware may lock...
As long as banks have been around, they’ve been tremendously attractive targets for “robbers.” The tit-for-tat between bad actors chasing after bank deposits has evolved each century — and increasingly each decade. While banks have long won the war, fraudsters and scammers are increasingly winning...
New PYMNTS data shows that businesses’ accounts receivable operations have been underfunded for fraud prevention. Compared to their accounts payable counterparts, the investment deficit has created a gap — and risk — that needs to be closed. This, according to findings in “The Overlooked Importance...
A hacker siphoned customer data from T-Mobile for more than a month. In that time, the bad actor obtained data about 37 million customers, the firm reported in a Thursday (Jan. 19) filing with the Securities and Exchange Commission (SEC). T-Mobile discovered Jan. 5 that...
The fast food company Yum! Brands has announced a major cybersecurity breach in the U.K. In a Wednesday (Jan. 18) statement, the firm, which operates KFC, Pizza Hut and Taco Bell, said that a ransomware attack had affected some of its systems in the country,...
ShipManager servers fell victim to a ransomware attack on Jan. 7. DNV, the Oslo-based company that operates the fleet management platform, announced the cybersecurity breach on Wednesday (Jan. 18), saying that the attack affected about 70 customers operating around 1,000 vessels. The company said it...
“It’s always a cat and mouse game between the fraudsters and the ones that are trying to stop them,” nsKnox Chief Operating Officer Nithai Barzam told PYMNTS. The conversation with PYMNTS came against a backdrop in which nsKnox said Wednesday (Jan. 18) that it has...
Cryptocurrency exchanges Binance and Huobi have recovered some of the funds stolen in last year’s hack of Harmony. “We detected Harmony One hacker fund movement,” Binance CEO Changpeng Zhao wrote in a Sunday (Jan. 15) tweet. We detected Harmony One hacker fund movement. They previously...
