With advancements in artificial intelligence and robotics, firms are banking on automation not just to boost efficiency but also to bolster their resilience in navigating market uncertainties, especially in handling critical financial functions like accounts payable (AP) and accounts receivable (AR). Technological progress holds the...
Sony-owned video-game studio Insomniac released a statement Friday (Dec. 22) about a data breach that became known earlier this month. “We’re both saddened and angered about the recent criminal cyberattack on our studio and the emotional toll it’s taken on our dev team,” the company...
Payment service providers are reportedly unlikely to challenge the claims that victims of authorized push payment (APP) fraud make under a soon-to-be-implemented rule in the United Kingdom. Investigating a case and then challenging it before the Financial Ombudsman Service (FOS) would be too expensive in...
Comcast says hackers stole personal data from millions of customers during a recent breach. The data breach involved customers of the company’s cable and internet business Xfinity, Comcast announced Monday (Dec. 18). According to a news release, Xfinity had learned of a vulnerability from software provider Citrix in October, which...
Versatile Credit has integrated with Prove Identity to both enhance its fraud screening and streamline its customer onboarding experience. As a software provider connecting merchants, lenders and consumers for point-of-sale loans, Versatile Credit will enable merchants to deploy this solution both online and in-store, the companies said in...
VF Corporation, the owner of Vans, The North Face, Timberland and Dickies, is having trouble fulfilling orders after a Wednesday (Dec. 13) cyberattack. Consumers can place orders on most of its brands’ eCommerce sites, but the cybersecurity incident has impacted the firm’s ability to fulfill...
Database management firm MongoDB is investigating a security breach that exposed customer information. In an alert published on its website Saturday (Dec. 16), the company said it was “actively investigating a security incident involving unauthorized access to certain MongoDB corporate systems, which includes exposure of...
The value of tokenization — where sensitive information is replaced by unique algorithmically generated numbers and letters — has gained wide acknowledgement in commerce. James Mirfin, Visa’s global head of Risk and Identity Solutions, told PYMNTS that fraudsters are perking up to tokenization’s potential to...
Norton Healthcare, a non-profit healthcare system based in Kentucky, has confirmed that it experienced a data breach earlier this year. Hackers gained unauthorized access to the personal data of millions of patients and employees during a ransomware attack in May, TechCrunch reported Monday (Dec. 11), citing Norton’s...
