The Department of Justice formed a task force dedicated to protecting taxpayers in the United States, critical infrastructure and national security from fraudsters who use artificial intelligence, according to a Thursday (Nov. 5) press release. The department’s Super Intelligence Task Force (DOJ-SITF) will combat the...
Pay later and digital finance firm Klarna made its anti-scam call tool, Call Status Detection, live worldwide, according to a Thursday (Nov. 5) press release. The tool lets users check whether someone calling them is truly from Klarna and is now available in the 26...
An artificial intelligence agent that pays a vendor twice or rewrites a reconciliation record does it with a real employee or system login. Security tools see an authorized user doing an authorized task. And most companies have no automatic way to stop it. In a...
An initiative that brought together four crypto industry companies to fight financial crime was quietly dissolved in August, Bloomberg reported Wednesday (Nov. 4), citing unnamed sources. The T3 Financial Crime Unit (T3 FCU) was set up by Tron, Tether and TRM Labs in September 2024 and added Binance a year later, according to the...
Payments and commerce technology company Verifone has added Visa’s Featurespace to its anti-fraud framework. The Featurespace platform and its adaptive machine learning models are now deployed throughout Verifone gateways, the company announced Wednesday (Nov. 4). The tool provides real-time assessments of each payment, helping merchants...
Walmart-backed OnePay is letting customers deposit stablecoins straight into their checking accounts, where the money arrives as U.S. dollars. The move puts a mainstream consumer FinTech app right where crypto earnings meet everyday spending. It also comes as stablecoin use grows fast. OnePay cited industry...
Online fashion retailer Revolve is the latest company to suffer a data breach, Security Week reported Monday (Nov. 2). Revolve notified at least 200,000 people that their personal and payment card information was stolen in the September breach, the report said. Immediately after learning of...
Mastercard has launched a free cybersecurity platform for European small businesses. The Mastercard SME Academy: Cybersecurity platform is designed to provide “practical” cybersecurity education tailored to small business and medium sized enterprises (SMEs), the company said in a news release provided to PYMNTS Tuesday (Nov. 3)....
Binance said Tuesday (Nov. 3) that last week’s $6.34 billion hack of its cryptocurrency exchange resulted from a sophisticated, multi-stage campaign that began in June. In its initial report on the security incident, Binance said “attackers spent months working their way into its systems through...