Cybersecurity

Cybersecurity
MongoDB Reports Security Breach of Its Database Management Company
December 18, 2023

Database management firm MongoDB is investigating a security breach that exposed customer information. 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
Fraudsters Cook Up Slicker Recipes as More Transactions Move Online
December 18, 2023

Financial fraud remains a persistent challenge across industries, and its threat is further sharpened by technological complexity and the growing sophistication of bad actors.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Fraud Prevention
DOJ Cracks Down on Use of ‘Microtransactions’ to Conceal Fraud
December 15, 2023

The Department of Justice (DOJ) has announced a crackdown on fraud networks that steal money from consumer accounts and use fraudulent “microtransactions” to conceal their illicit activities from financial institutions.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Cybersecurity
Visa’s Provisioning Intelligence Service Wages War Against $450 Million in Token Fraud 
December 13, 2023

The value of tokenization — where sensitive information is replaced by unique algorithmically generated numbers and letters — has gained wide acknowledgement in commerce. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Fraud Prevention
Issuers and Merchant Collaborate to Thwart Fraudsters and Accept ‘Good’ Transactions
December 12, 2023

Jeff Gipson, director of payment product management at Discover® Global Network, told PYMNTS in a recent interview that the intensity of fraudsters’ attacks on all parts of the payments ecosystem is ramping up. Get the Full Story Complete the form to unlock this article and enjoy...

Cybersecurity
Norton Healthcare Reports Data Breach Affecting 2.5 Million People
December 11, 2023

Norton Healthcare, a non-profit healthcare system based in Kentucky, has confirmed that it experienced a data breach earlier this year.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Cybersecurity
FTC Raises Red Flags Over QR Codes and Fraud
December 07, 2023

Consumers who scan a QR code for what they think is a legitimate purpose could actually be giving their personal information to scammers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Cybersecurity
Why Lifecycle Management Matters When Fighting Payments Fraud
December 07, 2023

Brian Holbrook, director of product strategy at LSEG Risk Intelligence, told PYMNTS in an interview that financial institutions (FIs) are going to have to gird for changes in how they conduct and approach risk management. Get the Full Story Complete the form to unlock this...

Fraud Prevention
90% of FIs Leverage Fraud-Prevention APIs as Crime-Fighting Tool
December 06, 2023

Financial institutions (FIs) are facing an increasing threat of fraud and financial crime in the digital age. And as the volume and sophistication of fraudulent transactions continue to rise, FIs are turning to cutting-edge tools and technologies to enhance their security measures.  Get the Full...