Cybersecurity

Fraud Prevention
Two-Thirds of Merchants Ignore Potential Fraud as a Cause of Failed Payments
January 11, 2024

Many eCommerce merchants fail to connect the dots between fraud detection and failed payments. In fact, just one-third of merchants employ mechanisms that detect potential fraud as the cause of failed payments. This heightens the risk of lost sales and signifies a missed opportunity for...

Cybersecurity
Porch Launches Fraud Warning Product for Title and Escrow Companies
January 10, 2024

Porch Group has launched a fraud warning product for title and escrow companies. 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....

Cybersecurity
Attack Vectors 2024: Misinformation Tops Global Risk List, WEF Says
January 10, 2024

A lie gets halfway around the world before the truth has a chance to get its pants on. 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...

Fraud Prevention
Attack Vectors 2024: Protecting Against What’s Next in Deepfake Fraud 
January 09, 2024

“Dad, please send them the money. They say they are going to hurt me.” 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
Visa Wants to Eliminate Friendly Fraud Without Alienating Honest Consumers 
January 09, 2024

Friendly fraud is a bit of a misnomer; first-party card misuse would be more accurate. 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
loanDepot Says Cybersecurity Incident Accessed Some Systems, Encrypted Data
January 08, 2024

Mortgage company loanDepot experienced a cybersecurity incident on Monday (Jan. 8). 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. By completing this form,...

Fraud Prevention
Larger FIs More Likely to Use AI and ML to Fight Financial Crime
January 08, 2024

Financial institutions (FIs) are increasingly recognizing the importance of fraud-fighting technologies as they confront more sophisticated fraud and financial crimes. In fact, the surge in digital banking and faster digital payment methods has intensified this phenomenon, prompting banks to strengthen their systems and processes to...

Cybersecurity
22% of Mid-Sized Firms Anticipate Reduced Payments Fraud With AP/AR Automation
January 03, 2024

With advancements in artificial intelligence and robotics, firms are banking on automation not just to boost efficiency but also to bolster their resilience in navigating market uncertainties, especially in handling critical financial functions like accounts payable (AP) and accounts receivable (AR). Get the Full Story...

Cybersecurity
Aqua Security Raises $60 Million for Cloud-Native Security Solution
January 03, 2024

Cloud-native security provider Aqua Security has secured $60 million in funding in an extension of its Series E round, achieving a valuation above $1 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...