Cybersecurity

Cybersecurity
Warren Calls for Stronger Ransomware Law
October 06, 2021

U.S. Sen. Elizabeth Warren and Rep. Deborah Ross have introduced legislation that gives the Department of Homeland Security more data on ransomware payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Cybersecurity
Taking ‘Zero Data’ Approach Lets Firms Control — and Find Value — In Sensitive Data
October 06, 2021

We live life across channels, across payment modalities. Tourists go from country to country, shop in stores and online, wield different cards and digital wallets, and leverage mobile apps to get what they want, on-demand. Platforms such as DoorDash collect reams of data about consumers,...

Cybersecurity
Robot vs. Robot: PayPal Taps AI/ML in Battle Against Fraudsters, Chargebacks and Passwords
October 05, 2021

Artificial intelligence (AI) and machine learning (ML) are helping merchants and online platforms get smarter about detecting risk. 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
Security Breaches Underscore Questions on Open Banking’s Data Liability  
October 04, 2021

The chain of data protection – keeping the most sensitive information out of the hands of hackers and other bad actors – is only as strong as its weakest link. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Cybersecurity
Barclays Hit in Phishing Scam Using Monzo Account, PISP
October 03, 2021

Millions of pounds were swiped from Barclays accounts in a phishing scam by a fraudster using a Monzo account and a payments initiation service provider (PISP), The Telegraph reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Cybersecurity
Two Californians Busted for Fake COVID-19 Test Results
October 02, 2021

A 34-year-old man and a 33-year-old woman, both from California, were arrested in Hawaii for submitting fraudulent COVID-19 test results in an effort to skirt a traveler quarantine requirement that’s aimed at keeping the spread of the coronavirus at bay across the islands, the Associated...

Cybersecurity
Hackers Swiped Crypto From 6K+ Coinbase Users
October 01, 2021

Cryptocurrency hackers stole from at least 6,000 Coinbase Global accounts in a hack between March and May 20, according to a breach notification letter sent to the customers who were affected, Reuters reported on Friday (Oct. 1). Get the Full Story Complete the form to...

Cybersecurity
PNC Integrates With Akoya Data Access Network for Financial App Security 
October 01, 2021

PNC Bank and Akoya LLC on Thursday (Sept. 30) announced the bank is integrating with the Akoya Data Access Network to allow PNC customers to share their financial data securely with FinTechs and data aggregators through its application programming interface (API) network.  Get the Full...

Cybersecurity
Payments Orchestration Helps Online Merchants Find, Plug Fraud Vulnerabilities
October 01, 2021

Among the key advantages of payments orchestration — which allows merchants and platforms to connect to any combination of payment service providers (PSPs) through a single application programming interface (API) connection — are higher conversion rates and enhanced customer satisfaction. Get the Full Story Complete...