The next generation of payment fraud doesn’t seem very suspicious. In fact, it already sounds like a familiar customer, types at a perfectly ordinary pace and navigates a banking application without triggering a single behavioral warning. Findings in the September 2026 edition of the Payments...
Federal Reserve Vice Chair for Supervision Michelle Bowman warned about the danger artificial intelligence poses to banks while also touting its benefits. “While banks continue to face a number of risks like ransomware, business email compromise and vendor data breaches, the increased availability and use...
Industrial cybersecurity has meant walling off plant networks and watching control systems. Robots that run artificial intelligence models bring their own cameras, sensors, wireless links and update channels, and each is a way in for attackers. The machine, not the network, is now the thing...
The 43% of scam victims who pay fraudsters within an hour present banks with an obvious problem. There may be almost no time to stop the transaction. The 18% who take at least two weeks present a different one. The findings, conveyed in the September...
Nvidia debuted an open software platform and reference system designed for agentic artificial intelligence safety, according to a Monday (Sept. 28) news release. The Nvidia Open Agent Safety Platform is aimed at bolstering “AI security from agent testing to deployment,” the release said. The need...
Watch more: The Digital Shift With Operation Shamrock’s Erin West The morning before she spoke with PYMNTS CEO Karen Webster, Erin West took a call from a man in Arizona who had lost $4.5 million to an investment scam. He’d done everything a victim is...
Illegal access to artificial intelligence models has reportedly become a key commodity for cybercriminals. That’s according to a report Sunday (Sept. 27) by the Financial Times (FT), which said this trend is happening as hackers look to employ expensive large language models (LLMs) for extortion,...
Fraud budgets are moving in two different directions. Fifty-one percent of global eCommerce merchants expect spending on fraud-management staff to remain flat or decline, while 63% plan to increase investment in fraud-management technology. The numbers frame fraud orchestration as an operating-efficiency question as well as...
A payment request can look perfectly ordinary until someone checks the bank account. By then, the finance team may be one click away from sending money to a fraudster. “Prevention First: Building a Smarter Defense Against Payments Fraud” is a PYMNTS Intelligence report produced in collaboration...