Cybersecurity

Cybersecurity
OpenAI Stops Hack Attempts by 5 State-Sponsored Cybercrime Groups
February 14, 2024

OpenAI says it has disrupted state-sponsored hackers attempting to use its technology for malicious purposes. 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...

Cybersecurity
Online Romance Scams Grow More Sophisticated With Deepfakes, Advanced Tech
February 13, 2024

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.  Get the Full Story Complete the form to unlock this article and...

Cybersecurity
Swedish Lenders Shore Up Defenses Against Fraud
February 13, 2024

Amid growing fraud attacks by organized crime rings, Swedish lenders are moving to adjust product offerings and increase surveillance. 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...

Cybersecurity
TruShield Insurance and Visa Team on Cybersecurity for Small Businesses
February 13, 2024

Small business insurance provider TruShield Insurance is collaborating with Visa to give eligible businesses protection against cybersecurity threats.   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...

Fraud Prevention
Consumer Fraud Loss Tops $10 Billion, Aided by Digital Tools, FTC Says
February 09, 2024

Consumers lost a record $10 billion to fraud in 2023, with digital tools making it easier for scammers to find targets. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Cybersecurity
Increasing Ransomware Incidents Highlight Critical Role of Advanced Tech in Fighting Fraud
February 08, 2024

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.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Cybersecurity
FTC Sending $610,000 in Refunds to Tech Support Scam Victims
February 08, 2024

The Federal Trade Commission (FTC) has begun sending refunds to consumers who lost money in a tech support scam facilitated by payment processor Nexway. 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
Half of FIs Rely Entirely on External Data Encryption Tools to Detect Fraud
February 08, 2024

Over 40% of financial institutions (FIs) have reported higher-than-average volumes of fraud and financial crime, according to insights detailed in “FIs Depend on AI/ML Partners to Fight Next-Gen Fraudsters,” a PYMNTS Intelligence and Hawk AI collaboration.  Get the Full Story Complete the form to unlock...

Fraud Prevention
Behind Company Walls: Protecting Against the Evolving Insider Fraud Threat
February 07, 2024

One of the biggest fraud threats facing enterprises is also one of the oldest. 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...