LoanDepot said Friday (Feb. 23) that a data breach that impacted the company in January affected 16.9 million customers. In the breach that occurred Jan. 3 through Jan. 5, hackers acquired names or other personal identifiers in combination with Social Security numbers, the financial services...
UnitedHealth Group’s Change Healthcare continues to work to restore systems and resume normal operations after a cyberattack. “The disruption is expected to last at least through the day,” the company said in an update posted Friday (Feb. 23) at 9:54 a.m. Eastern time. “We will...
Federal financial regulators are reportedly investigating allegations made by two whistleblowers regarding Cash App. The whistleblowers claim that the mobile payment platform and the entities providing transaction services to its users did not perform adequate due diligence on customers, potentially opening the door to money...
Jeff Hallenbeck, head of payments at Forter, said tokenization, from the merchant point of view, is moving from being thought of as an operational cost to an opportunity to drive revenues. Tokenization — the act of replacing sensitive data with randomly generated, encrypted surrogate values,...
Properly securing consumer data could be key to maintaining the loyalty of eCommerce merchants’ most engaged customers, according to PYMNTS Intelligence. By the Numbers The PYMNTS Intelligence “2023 Global Digital Shopping Index: U.S. Edition,” which drew from a survey of more than 13,000 consumers and...
In this era of connectivity, where virtual encounters often precede physical ones, online relationships have become a breeding ground for exploitation, with fraudsters capitalizing on the vulnerabilities of hopeful hearts for financial gain. This darker side of romance manifests in the rising tide of online...
Amid growing fraud attacks by organized crime rings, Swedish lenders are moving to adjust product offerings and increase surveillance. Fraud has grown to become the biggest source of income for criminal gangs in Sweden, Bloomberg reported on Tuesday (Feb. 13), which are taking advantage of the country’s...
Small business insurance provider TruShield Insurance is collaborating with Visa to give eligible businesses protection against cybersecurity threats. “Not having adequate protection against cyberattacks could leave business owners at a disadvantage and, in the event of a major loss, susceptible to bankruptcy,” TruShield Insurance said in a Tuesday (Feb....
Ransomware payments surpassed $1 billion in 2023, marking a record peak following a decrease in 2022, according to the latest chapter of Chainalysis’ 2024 Crypto Crime Report. A form of malicious software that infiltrates computer networks, ransomware can range from simply restricting system access without damaging...
