Cybersecurity

Cybersecurity
Experts Reconsider Banning Ransom Payments as Ransomware Attacks Surge
October 25, 2023

Ransomware attacks have surged this year, despite efforts to curb them. 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...

Cybersecurity
What’s Next in Payments Security: White Hats vs Black Hats, With AI as a Weapon
October 25, 2023

Jeff Hallenbeck, head of financial partnerships at Forter, told PYMNTS that as 2024 dawns, artificial intelligence (AI) will be a technological tool increasingly leveraged by fraudsters — and a tool necessary to beat them too. Get the Full Story Complete the form to unlock this...

Fraud Prevention
Featurespace Unveils AI ‘Large Transaction Model’ to Combat Fraud
October 24, 2023

Anti-fraud tech firm Featurespace has introduced TallierLTM, which it describes as the first artificial intelligence (AI) “large transaction model.” 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...

Cybersecurity
Socure Launches Tool and Financial Consortium to Fight First-Party Fraud
October 23, 2023

Socure has launched its first-party fraud solution, Sigma First-Party Fraud, along with the First-Party Fraud Consortium (FPFC). 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,...

Fraud Prevention
Mastercard Targets Friendly Fraud With First-Party Trust Program
October 23, 2023

Mastercard has launched a program designed to help merchants battle “friendly fraud.” 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...

Fraud Prevention
FTC: Cross-Border Fraud Cost Consumers $5.2 Billion 
October 20, 2023

A new report by the Federal Trade Commission (FTC) shows the extent of the problem of cross-border fraud. 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
Digital Wallets Exhibit Highest Increase in Fraud Among All Payment Methods
October 20, 2023

Banks in the U.S. report a rapid increase in fraud and fraud losses, highlighting the urgent need for newer and better anti-fraud technologies. The rise of digital banking and faster digital payment methods have made financial institutions (FIs) more vulnerable to increasingly sophisticated fraud and...

Fraud Prevention
Nearly 15% of FIs Cite Complex Regulatory Demands as Top Fraud-Fighting Challenge
October 20, 2023

The rise of digital banking and faster digital payment methods has accelerated fraud and financial crime, prompting banks and financial institutions (FIs) to enhance their systems and processes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Cybersecurity
Amazon, Microsoft and India Authorities Crack Down on Impersonation Scams
October 20, 2023

Amazon and Microsoft have joined forces to protect consumers from impersonation scams, marking the first time these industry leaders have collaborated to combat tech support fraud. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...