Cybersecurity

Fraud Prevention
One-Size-Fits-All Solutions Fail to Keep Pace With Rising Payments Fraud
February 24, 2022

Cybercrime is nothing if not varied. 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 form, you agree to...

Cybersecurity
UK Cybersecurity Firm Darktrace Buys Cybersprint
February 23, 2022

Darktrace, a British cybersecurity company, has bought the Dutch firm Cybersprint in a deal valuing the latter company at €47.5 million ($53.7 million), UKTN reported Wednesday (Feb. 23). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Fraud Prevention
FTC: Consumer Fraud Jumped 70% in 2021
February 22, 2022

Consumers reported losing more than $5.8 billion to fraud in 2021, a 70% jump from the year before, the Federal Trade Commission (FTC) said Tuesday (Feb. 22). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Cybersecurity
SIM Swap Fraud Spotlights Biometrics, Behavioral Analytics as Defense
February 21, 2022

The mobile phone, increasingly, is becoming the means through which criminals are impersonating unwitting victims, and stealing from 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...

Fraud Prevention
Machine Learning Helps Financial Institutions Balance Risk, Innovation
February 21, 2022

Five years ago, digital transformation in banking was focused on a product or a certain business line, but more recently, innovation has become an imperative. That was accelerated by the pandemic, which created an immediate need for frictionless onboarding with customers and clients and the...

Cybersecurity
Fake Businesses Emerge as New Front in War on ID Fraud
February 21, 2022

As digital commerce and payments grow, fraud grows with it. That’s going to get worse before it gets better as merchants and their payments partners decipher the many-faced fraud beast. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Cybersecurity
OpenSea Investigates NFT Phishing Attack
February 20, 2022

OpenSea is looking into a phishing attack for non-fungible tokens (NFTs), according to Co-founder Devin Finzer, Bloomberg reported Sunday (Feb. 20). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Cybersecurity
Parking Operators Deploy Digital Tools, Education to Combat QR Code Fraud
February 18, 2022

If you see a brand-new, shiny QR code sticker on an older, weathered sign, you should take a closer look before using it or allowing your customers to use it. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Cybersecurity
Homeland Security Privacy Chief Urges More Ways to Protect Data
February 18, 2022

The Department of Homeland Security (DHS) chief privacy officer is calling for stricter rules to protect consumer data. 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...