Cybersecurity

Cybersecurity
Spreedly Use Up 300 Pct By Retailers For Fraud Prevention
August 25, 2021

Payments orchestration platform Spreedly reported a 300 percent year-over-year increase in the number of merchants using the company’s resources to prevent fraud.

Cybersecurity
Biden To Confer With Top Tech CEOs About Cybersecurity Turmoils
August 24, 2021

U.S. President Joe Biden is expected to meet with the CEOs of Apple, Microsoft, Amazon and others on Wednesday (Aug. 25) to discuss cybersecurity concerns during a time when ransomware and other breaches are at an all-time high, Bloomberg and other media reported on Tuesday...

Cybersecurity
Cybersecurity Czar Richard Clarke Tells PYMNTS ‘New Mindset’ Needed To Win Cyberwar
August 24, 2021

“When I was a kid, criminals robbed banks and had guns. Now they’re not even in the same country. They sit in Eastern Europe on a computer and they make large sums of money,” said Richard Clarke, former national coordinator for security and counterterrorism, during...

Cybersecurity
Poly Network Hacker Returns $610M In Stolen Crypto
August 23, 2021

Days after the cryptocurrency platform Poly Network issued a $500,000 reward for the return of $610 million in stolen funds, the purported hacker returned the remaining funds, according to a Monday (Aug. 23) announcement from the company. Get the Full Story Complete the form to...

Cybersecurity
T-Mobile Says Cyberattack Was Worse Than Previously Known
August 20, 2021

T-Mobile has reported Friday (Aug. 20) that the recently discovered cyber theft of sensitive customer data captured more detailed information about some customers, and limited information about more customers, than the company previously knew. Get the Full Story Complete the form to unlock this article...

Cybersecurity
Binance Adds Intermediate Verification To KYC For Added Security 
August 20, 2021

Cryptocurrency exchange platform Binance is integrating an intermediate verification stipulation for all users, adding to the startup’s know your customer (KYC) and anti-money laundering (AML) protocols. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Fraud Prevention
M&T Bank Says Blanket Approach To Security Smothers Customer Experience
August 19, 2021

March 2020 marked a watershed moment for digital banking. It marked the mass acceleration away from branches and onto banking sites and apps, with more consumers banking digitally than ever. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Cybersecurity
Bank Customers Are More Trusting When FIs Use ‘Zero Data’ Approach
August 19, 2021

Whether it’s consumers getting comfortable with a new payments experience or a large financial institution (FI) getting comfortable sharing data with FinTechs, there’s one constant that needs to be in place to make it all happen; trusted infrastructure. Get the Full Story Complete the form...

Fraud Prevention
Valve Squashes Steam Bug That Could Fill Gamers’ Wallets
August 18, 2021

Video game developer Valve plugged a security bug that could have been used by gamers to fill their Steam wallets with unlimited funds, ThreatPost and other media outlets reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...