The data breaches that have grabbed headlines and seemed to increase in frequency during the pandemic have kept consumers on their toes when it comes to storing data with merchants. Amid the roughly 400% increase in cyberattacks estimated by the FBI in 2020 that targeted...
As crypto and digital currencies take shape — where bitcoin, blockchain, CBDCs and stablecoins jostle against one another for pre-eminence — there needs to be the proverbial adult in the room. By which we mean: The someone who makes sure that things are safe, secure...
Rivetz Corp., along with Rivetz International and both organizations’ leaders, have been charged by the Securities & Exchange Commission (SEC) with allegedly making an illicit coin offering, a press release says. Between July and September 2017, Rivetz reportedly offered and sold tokens called ‘RvT tokens’...
New Zealand was briefly the center of the cybersecurity world on Wednesday (Sept. 8), when several financial institutions (FIs) and the national post office were shut down by what government leaders said was a cyberattack. The Computer Emergency Response Team (CERT) said it was aware...
B2B2C platform Baanx is now the third-largest shareholder in Maxwell State Bank, which is regulated by the U.S., after a multimillion-dollar deal to bolster cybersecurity as well as banking access in the country, a press release says. “We are very excited to have taken a...
Global cybersecurity firm Kaspersky detected 1.5 billion attacks against Internet of Things (IoT) devices in the first half of this year, using “honeypots,” software that impersonates a vulnerable device, the company’s research department said in an email to PYMNTS on Friday (Sept. 3). Kaspersky’s research...
When finding deals online at a lower cost than in-store, it could mean eCommerce sellers are peddling stolen goods, according to a Thursday (Sept. 2) report in The Wall Street Journal. Dubbed organized retail theft, the practice involves stealing goods from brick-and-mortar stores in bulk...
The director and promoter of online crypto lending platform BitConnect has pleaded guilty for his part in allegedly defrauding retail investors of more than $2 billion, according to a press release from the Department of Justice (DOJ). Glenn Arcaro admitted that he conspired “to exploit...
The eCommerce fraud management platform Riskified is extending its three-year-old partnership with the home furnishings company Wayfair. The two companies joined forces in 2018, with Wayfair partnering with Riskified to scale and automate its payment fraud efforts, a collaboration that Wayfair says has “greatly” reduced...
