Cybersecurity

Fraud Prevention
Metropolitan Commercial Bank to Pay $15 Million Penalty for Fraud Oversight
October 19, 2023

Metropolitan Commercial Bank (MCB) has agreed to pay a penalty of $15 million following an investigation by the New York State Department of Financial Services (DFS). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Cybersecurity
J.P. Morgan Payments Selects Trulioo for Identity Verification Services
October 19, 2023

J.P. Morgan Payments has chosen Trulioo, a leading identity verification platform, to combat fraud and other financial crimes for its clients, according to an announcement Thursday (Oct. 19). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Cybersecurity
Galileo Aims to Combat Fraud With Payment Risk Platform
October 19, 2023

Galileo Financial Technologies has unveiled its Payment Risk Platform to help combat 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...

Fraud Prevention
NymCard Teams With ACI Worldwide to Fight Financial Fraud
October 19, 2023

Middle East/North Africa-focused card issuer NymCard has teamed with ACI Worldwide to combat 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 this...

Cybersecurity
Entersekt Launches Authentication Solution for Mobile Banking Apps
October 18, 2023

Entersekt, a leading provider of authentication solutions, announced Wednesday (Oct. 18) the launch of a fully integrated mobile application authentication solution for financial institutions (FIs), using the Q2 Digital Banking Platform. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Cybersecurity
Lloyd’s of London: Payments System Cyberattack Could Cost $3 Trillion
October 18, 2023

A report found that a major payment system cyberattack could cost $3 trillion. 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
US Government Urges Global Effort to Combat Ransomware Attacks
October 16, 2023

The U.S. government is taking a stand against the growing threat of ransomware attacks by urging other countries to commit to not making ransom payments to hackers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Cybersecurity
Banks Combine AI and Communication to Combat the Rising Threat of Payment Fraud
October 16, 2023

With the rise of digital transactions and online services, fraud has become an increasing concern for both consumers and businesses. 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
Internet Companies Successfully Defend Against Largest-Ever Denial-of-Service Attack
October 11, 2023

Internet companies Google, Amazon and Cloudflare have successfully defended against the largest-known denial-of-service attack on the internet, raising concerns about a new technique that could potentially cause widespread disruption. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...