Cybersecurity

Cybersecurity
UK Online Safety Bill Can Reduce Authorized Push Payment Fraud 
April 14, 2022

The U.K. Online Safety Bill was introduced in the U.K. Parliament on March 17, 2022, to curb online harms by significantly increasing the responsibilities of social media firms and search engines to monitor content posted on their platforms.  Get the Full Story Complete the form...

Fraud Prevention
Surecomp Debuts Duplicate Financing Fraud Prevention
April 12, 2022

Surecomp is launching a new offering that uses advanced cryptographic technology to allow financial institutions (FIs) to lessen the risk of duplicate financing fraud, according to a Tuesday (April 12) press release. Get the Full Story Complete the form to unlock this article and enjoy...

Cybersecurity
Synovus Bank: Navigating the New Landscape of Compliance and Risk
April 11, 2022

Strong fraud protections, anti-money laundering (AML) compliance and seamless user experiences go together in today’s marketplace. 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...

Cybersecurity
New Jersey Man Admits His Invoice Factoring Company Bilked Lenders of $50M
April 08, 2022

A New Jersey man admitted Thursday (April 7) to running a decade-long invoice factoring scheme that bilked lenders of $50 million, the U.S. Attorney’s Office in Trenton, New Jersey, announced. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Cybersecurity
Microsoft Seizes Internet Domains Linked to Russian Cyberattacks on Ukraine
April 08, 2022

Microsoft Corp. has disrupted a Russian cyber attacker that targeted Ukraine, according to Tom Burt, the company’s corporate vice president of customer security and trust. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Fraud Prevention
Only One-Third of Businesses Are ‘Very Satisfied’ With Their Current Cybersecurity Defenses
April 07, 2022

Only 32% of businesses are “very” or “extremely” satisfied with their current anti-fraud methods, according to “Risk And Resilience,” a PYMNTS and TreviPay collaboration based on a survey of 150 executives at companies with $10 million to $1 billion in annual revenues. Get the Full...

Cybersecurity
Fake Bank Records Spotlight Need for Advanced Tech in B2B Identify Verification
April 06, 2022

The internet is a curious place — a digital bazaar where anything can be had, for a price. 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...

Cybersecurity
Block Confirms Cash App Breach by Former Employee 
April 06, 2022

A former employee of Block (formerly known as Square) is accused of downloading Cash App reports containing sensitive data belonging to customers, according to multiple reports on Wednesday (April 6). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Cybersecurity
Darknet Market Hydra Shut Down by US, German Law Enforcement
April 05, 2022

Officials from the U.S. and Germany have reportedly seized what they said was the world’s largest and most prominent darknet market, the Hydra Market, which works to sell illegal goods and services, a Bloomberg report said. Get the Full Story Complete the form to unlock...