The Biden administration is looking at Alibaba’s cloud business and determining whether that facet of the eCommerce titan is a risk to U.S. national security, Reuters reported Tuesday (Jan. 18). The probe will look into how Alibaba stores U.S. client data, including personal info and...
How long would it take you to realize you were the victim of payments fraud — an hour? A day? A week? According to PYMNTS’ research, it took almost a quarter of consumers a week or more to realize they’d been the victim of payments...
Cryptocurrency exchange Crypto.com suspended withdrawals on its platform on Monday (Jan. 17) after users reported “unauthorized activity” on the platform. According to a CoinDesk report, the platform sent an update that required users to sign back into their accounts and reset their two-factor authentication. On...
Is nothing sacred? Not to cyberthieves. The 2021 holiday shopping season was likely the most digitally secure in history, but that didn’t stop baddies from plying their wicked online trade. Be it unintentional friendly fraud or the purely malevolent variety, online payments security is coming...
Parking meters are the latest avenue fraudsters are hitting, with police in several cities warning people to watch for fake QR codes intended to intercept payments and steal credit card information, according to multiple reports on Thursday (Jan. 13). Fraudulent QR code stickers were first...
Maryland’s state Department of Health (MDH) is in the throes of a ransomware attack, which has only compounded on issues from the staggering COVID-19 hospitalization numbers. MDH made an announcement about the attack on Wednesday (Jan. 12), adding that that the attack first began on...
It’s well known that fraudsters are nothing if not creative and cunning as they continually seek to prey on the most basic human traits of altruism and sympathy. There are few things more despicable than those who scam the most vulnerable among us or use...
The Pakistan Federal Investigation Agency (FIA) has said it wants to talk with cryptocurrency exchange Binance about a scam that has grifted over $100 million from several thousand investors, CoinDesk reported Monday (Jan. 10). The scam in question had to do with 11 mobile applications,...
More consumers returned to shopping in physical stores after the Thanksgiving holiday. Seventy-three percent reported shopping for their holiday purchases in stores in December, up from 71% in November, according to “Digital Economy Payments,” a PYMNTS report based on a survey of 3,070 U.S. consumers....
