Fraud Prevention

Fraud Prevention
City Union Bank Says Hackers Transferred $2M
February 19, 2018

City Union Bank, the Indian bank, disclosed this past weekend that it was hacked — with bad guys transferring close to $2 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Fraud Prevention
Trending Topics Are New Hacker Tool
February 16, 2018

Hackers have been using trending topics, such as FIFA 2018 and bitcoin, to trick users into offering up their personal information. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Fraud Prevention
Cybercrimes Cost Financial Service Firms $18M, On Average
February 14, 2018

Financial services firms, above any other industry, rack up the most in damages following a cyberattack, a new report from Accenture and Ponemon Institute found. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Fraud Prevention
Fed Says Payment Fraud Losses Top Of Mind For FIs
February 07, 2018

Payment fraud losses are top of mind for financial institutions around the country, the Federal Reserve Bank of Minneapolis reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Fraud Prevention
Malware Attack On National Stores Inc. Exposed Payment Data
January 31, 2018

Following a malware attack that allowed “unauthorized parties” to access customer credit card information, off-price retailer National Stores is seeking to prevent fraudulent activity and improve the security of its point-of-sale (POS) systems, the company said in an announcement. Get the Full Story Complete the...

Fraud Prevention
Affiliate Websites Spoof Cryptocurrency Exchanges
January 05, 2018

Fake landing pages are spoofing websites for popular cryptocurrency exchange desks, TheNextWeb reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....

Fraud Prevention
Holiday Season Cons: More Calls Mean More Fraud For Contact Centers
December 22, 2017

No news probably isn’t good news when it comes to call center fraud during the holidays. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...

Fraud Prevention
Using Gift Cards To Buy Drugs: How Return Fraud Is Funding The Opioid Crisis
December 08, 2017

They say gift cards are the gift that always fits. Apparently, this is especially true if you’re a fraudster, and many are using this unlikely currency to support their drug habits. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Fraud Prevention
SEC Puts The Hammer Down On ICO Scam
December 05, 2017

The Securities and Exchange Commission (SEC) announced news on Monday (Dec. 4) that it obtained an emergency asset freeze to stop an initial coin offering (ICO) fraud that has already raised $15 million from thousands of investors since August. Get the Full Story Complete the...