It is getting harder for financial institutions to win what seems to be the endless war on financial crime. Incidences of money laundering, corruption continue to go unchecked, and one needs to look no further than the huge fines financial institutions (FIs) are hit with...
The U.S. investigation into crypto exchange Binance has expanded to include possible insider trading and market manipulation, Bloomberg writes. 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...
SushiSwap Chief Technology Officer Joseph Delong said in a Twitter thread Friday (Sept. 17) the community-based decentralized finance (DeFi) company’s Minimal Initial SushiSwap Offering (MISO) platform fell victim to a software supply chain attack, according to an Ars Technica report. Get the Full Story Complete...
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Apple released an emergency software patch on Monday (Sept. 13) after researchers at University of Toronto’s Citizen Lab uncovered a security flaw that could allow hackers to secretly install spyware on Apple devices through iMessage without users’ knowledge. Get the Full Story Complete the form to unlock...
Locking out fraud without increasing false positives can seem nearly impossible for financial institutions (FIs), but it doesn't have to be. In the Preventing Financial Crimes Playbook, Synchrony Chief Information Officer Bess Healy tells PYMNTS about the company’s path to 90% accuracy with the help...
The Federal Trade Commission (FTC) has said health apps and connected devices must comply with the Health Breach Notification Rule, making it so they must notify users when data is breached, according to a press release. Get the Full Story Complete the form to unlock...
Nonfungible token (NFT) marketplace OpenSea, which works as a platform to buy and sell digital collectibles, is investigating a case in which one of its top executives used inside knowledge to buy items ahead of promotion, the Financial Times (FT) reported. Get the Full Story...
Financial institutions (FIs) want to reduce fraud, but at the same time don’t want to create false positives, which is the flagging of legitimate customers as fraudulent. As a result, a growing number are turning to new solutions powered by artificial intelligence (AI) and machine learning (ML). Get the Full Story...
