Microsoft’s cybersecurity business is developing more artificial intelligence (AI) security products, cutting back on some of its more traditional security products, and consolidating engineering teams, which has led to several hundred layoffs, The Information reported Wednesday (July 15), citing unnamed sources. The company is making these...
The federal government’s artificial intelligence (AI) security initiative now has a name and a launch date. The White House launched Gold Eagle on Tuesday (July 14), a federal AI cybersecurity clearinghouse established by the Treasury Department with contributions from the Cybersecurity and Infrastructure Security Agency...
The best fraud prevention stops bad transactions and lets good ones move faster. But new findings in the June 2026 edition of The 2026 Certainty Project, a PYMNTS Intelligence and Plaid collaboration, reveal the ways in which that definition is no longer complete. Although nearly...
Ransomware hackers have reportedly begun rebranding to escape digital law enforcement. As the Wall Street Journal (WSJ) reported Monday (July 13), this isn’t a new tactic, but one that is happening more frequently as cyberdefenders adopt better security tools. Stopping ransomware attacks has “become a game of...
Security controls are designed to stop bad payments, but new data suggested the strongest systems may be the ones customers barely notice. The PYMNTS Intelligence report “When Controls Slow Commerce: The Data Behind Middle-Market Payment Friction,” the latest installment of the 2026 Certainty Project, found...
A cybersecurity expert has been sentenced to prison for helping criminals scam his clients. Angelo Martino, 41, who had served as a ransomware negotiator for the company Digital Mint, was sentenced to 70 months in federal prison last week, according to an announcement from the...
Payments used to be judged by whether they moved money quickly. Now they are judged by how well they make decisions before, during and after a transaction. The PYMNTS Intelligence report “Where Payment Decisions Happen: How Issuer Data Is Powering the Next Era of Commerce,” a...
Life comes at you fast, and so does money. That’s creating a growing problem for banks and their fraud, financial crime and cybersecurity defense perimeters. Two years ago, “bank-grade security” sounded like a fixed standard. It suggested encryption, compliance rigor, multifactor authentication, fraud monitoring, data...
Banking regulators are warning that frontier AI models could threaten the financial system. The European Systemic Risk Board (ESRB) and Bank of England (BOE) both issued reports Tuesday (July 7) on the risks of these artificial intelligence (AI) models to financial institutions’ cyber defenses. “Frontier AI...