Cybersecurity

Cybersecurity
Russian Hacking Group Responsible For Ransomware Goes Dark
July 13, 2021

REvil, a known Russian hacking group, has gone offline — only days after U.S. President Joe Biden mandated that Russian President Vladimir Putin handle the cybercrime taking place in his country, a report from Decrypt said on Tuesday (July 13). Get the Full Story Complete...

Cybersecurity
UK Cops Seize $249M In Crypto Crackdown
July 13, 2021

British police have confiscated close to £180 million — or $249 million — in cryptocurrency, the largest such seizure in the country’s history, CNN reported on Tuesday (July 13). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Cybersecurity
Fashion Brand Guess Data Breach Impacts Customer Info
July 12, 2021

Guess, the U.S.-based fashion brand and retailer, has been the victim of a data breach, a report from Bleeping Computer said Monday (July 12). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Cybersecurity
Featurespace Patents Show Role Of Neural Networks In Finding Transaction Anomalies In Real Time
July 12, 2021

The window financial institutions (FIs) have to determine “good” customers from “bad” lasts milliseconds. 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 our daily newsletter, PYMNTS...

Cybersecurity
Mastercard’s Gerber: Innovation Needs Consumer Trust To Advance The Digital Economy
July 12, 2021

“The boat has left the harbor and is in the open seas,” Mastercard Executive Vice President of Security and Cyber Innovation Johan Gerber told PYMNTS’ Karen Webster, adding that the ongoing shift from traditional to digital is set to stick. “I don’t see us ever...

Fraud Prevention
How AI And Machine Learning Can Address Banks’ Fraud-Fighting Weaknesses
July 09, 2021

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 our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and...

Cybersecurity
How Intelligent Friction Trips Up The Fraudsters
July 09, 2021

“The criminals are always opportunistic.” 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 our daily newsletter, PYMNTS Today. By completing this form, you agree to receive...

Fraud Prevention
Deep Dive: Why Innovative AML, Watchlist Screening Solutions Are Key To Blocking Digital-First Crime
July 08, 2021

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Fraud Prevention
FBI: Why AI And MFA Provide The Most Effective Fraud Defense
July 08, 2021

Fraudsters’ use of social engineering and phishing continues to triumph many of the modern-day fraud-fighting techniques. In this month’s Digital Fraud Tracker, PYMNTS talked with Enrique Alvarez, special agent for the FBI’s cyber branch, about how combining multifactor authentication and AI can help save merchants...