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...
JBS, the world’s biggest meat processing company, said it paid the equivalent of $11 million in ransom after its company was hacked by cyber thieves in order to prevent disruptions, the company said in a blog post. Get the Full Story Complete the form to...
The connected economy is being shadowed by a despicable construct: the fraud economy, where people aren’t the legit customers they pretend to be. The damage these fraudsters inflict erodes the very foundation of enduring consumer-merchant relationships: trust. Get the Full Story Complete the form to...
Fastly Inc., which operates a content delivery network, announced that it quickly detected a software bug that caused an outage on Tuesday (June 8), and that most of its network was back to running normally within 49 minutes, according to a blog post. Get the...
The “what” is this: A significant portion of the bitcoin-denominated ransomware demanded of – and received from – the Colonial Pipeline operator has been recovered. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...