If you’d have asked anyone 10 years ago about the state of the paper check in 2021, the answer might have come back in a single word: Moribund. But a decade later, even with the great digital shift well underway, the imminent demise of those...
Unemployment fraud is on the rise, according to Reuters, and it’s drawn a critical eye to ID.me, which works in the business of verifying identities. There has been an “unprecedented” level of people faking their identities to access jobless benefits, the report says. Authorities, therefore,...
Kaseya, the Florida company that fell victim to a ransomware attack in early July, has now come into possession of a universal key that can decrypt the over-1,000 businesses and public organizations that were affected by the attack, the Associated Press writes. Dana Liedholm, spokeswoman...
“Everyone’s at risk — and everyone’s a target.” To that end, Mark Luber, chief product officer at Equifax, told Karen Webster that in an increasingly digital world, lenders being targeted by fraudsters need better methods of identifying security gaps — before the bad actors breach...
A new piece of legislation would require some companies to inform the federal government if they’ve become the victim of a cyberattack. As CNBC reported on Wednesday (July 21), the bipartisan Cyber Incident Notification Act was created in the wake of two high-profile hacking events:...
Fraud looms, as it always does, when there is money to be moved — and with real-time payments, there are truly only a few milliseconds in which to stop bad actors. Cleber Martins, ACI Worldwide’s head of payments risk management, told PYMNTS that as financial...
Insurers are having to take a hard look at how they deal with ransomware attacks as they keep happening and coverage is much more necessary than it previously was, a Bloomberg report says. The industry for protecting companies from hackers is massive, valued at over...
Corporate law firm Campbell Conroy & O’Neil has given users notice of a data breach from a ransomware attack, a company press release says. The breach was noticed on Feb. 27, 2021. The company says it had noticed unusual activity on its account and had...
The self-ticketing terminals at Northern Railway were hit by a ransomware cyberattack, and the system has been offline while regulators investigate the issue, the BBC and other news outlets reported on Tuesday (July 20). The breach follows the £17 million May installation of 621 touch-screen...
