Cybersecurity

Fraud Prevention
Firms Partnering With Third Parties to Fight Fraud See Profit Boost
January 25, 2024

Payment service providers – also known as PSPs – are an important piece of the payment ecosystem. For any business that wants to deliver a payment to their customers, PSPs provides a platform to collect and manage any type of payment in an efficient and...

Cybersecurity
Manhattan DA: Payment Apps Need Greater Anti-Theft Protection
January 25, 2024

If someone stole your phone, how quickly would they be able to steal your money? 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,...

Cybersecurity
Fraud Concerns Leave Consumers Skeptical of Payment Data Aggregation Apps
January 24, 2024

Payment fraud incidents have been on the rise, increasing 88% since December 2021, PYMNTS Intelligence research reveals. For instance, 11% of consumers who paid for groceries experienced payment fraud in March 2023, compared to 5.7% in December 2021. Get the Full Story Complete the form to...

Cybersecurity
Ransomware Attacks Spotlight Need for FIs to Gauge Third-Party Risk 
January 24, 2024

The fraudsters grow ever-wilier, the attacks more brazen. 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, you...

Cybersecurity
UK Cyber Agency: AI Will Lead to More Ransomware Attacks
January 24, 2024

The threat of ransomware could soon grow thanks to the rise of artificial intelligence. 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
Risk-Based Scores and Customer Profiles Bolster Merchant Efforts Against Fraudsters
January 24, 2024

No matter the attack vector, bad actors have a singular strategy in place when it comes to eCommerce fraud, Jason Paguandas, VP and GM, Merchant Security and Fraud, Carat from Fiserv, told Karen Webster. Get the Full Story Complete the form to unlock this article...

Cybersecurity
SEC Says ‘SIM Swap’ Attack Enabled Takeover of X Account 
January 22, 2024

The Jan. 9 hack of the Securities and Exchange Commission’s (SEC) account on the social media platform X (formerly known as Twitter) was apparently the result of a “SIM swap” attack.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Cybersecurity
LoanDepot Continues to Restore Business Operations Amid Cybersecurity Breach
January 19, 2024

LoanDepot continues to deal with a cybersecurity incident that began 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...

Cybersecurity
Higher Ed Redefines Fraud Strategies for the Connected Campus
January 18, 2024

The integration of digital technologies, data networks and smart devices within the university ecosystem is transforming campuses into connected entities. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....