Synthetic fraud is on the rise and evolving, with research showing that 85 percent to 95 percent goes undetected by traditional fraud models. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
The fact that fraud levels spiked throughout the pandemic is well-known. Less reported on, but equally pressing, is the fact that fraud hasn’t only increased in amount, but it has gotten smarter, more sophisticated and harder to spot. Get the Full Story Complete the form...
For an entrepreneurial CEO leaving behind an epoch-making company, coming up with a worthy second act isn’t easy work. Bill Gates, upon leaving Microsoft, set about saving the world with the Bill and Melinda Gates Foundation – while Steve Jobs, upon his (first and forced) exit...
(Editor’s Note: The original version of this story has been updated with new comments from VW) 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...
Cybercrime in Europe doubled in the past year as hackers took advantage of the pandemic, CNN reported, citing figures from the European Union. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
The world’s largest quick-service restaurant (QSR) chain just had its cyber defenses breached. McDonald’s revealed Friday (June 11) that its databases have been hacked in the United States, South Korea and Taiwan, reports The Wall Street Journal. The breach was discovered when external consultants looked into...
The landscape has been changing for payments fraud thus far in 2021, and that change will continue. 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...
MoneyGram has had its anti-money laundering charges dismissed, according to a Wall Street Journal (WSJ) report on Thursday (June 10). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
FBI Director Christopher Wray said companies and organizations that are the victims of ransomware attacks should contact law enforcement quickly instead of paying to unlock their systems, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
