The Bounce Back loan program the British government launched in May to spur England’s economic recovery from COVID-19 has been beset with fraud and poor-quality loans that could cost taxpayers as much as $35 billion, the Financial Times reported. Get the Full Story Complete the...
Criminals seeking to exploit unmet demand for the COVID-19 vaccine are selling doses – many presumably fake – on the “dark web,” the portion of the internet dominated by merchants who operate beyond easy reach of law enforcement agencies, the Financial Times reported on Friday...
Digital trust-and-safety company Sift said that 2020 has been a “banner year” for online shopping sales, but that scammers have modified their approaches to take advantage of the boom, according to an announcement. Get the Full Story Complete the form to unlock this article and...
Promotions have not just become a lifeline for retailers looking to boost revenues during the pandemic, but also fraudsters looking for a quick and easy scam. In this month’s Digital Fraud Tracker, Luke Rauch, vice president of customer experience at Walgreens, discusses how digitizing promotions...
Microsoft has been hacked as part of what officials say could be a Russian campaign that hit multiple U.S. government agencies, Reuters reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
With every dark cloud comes a silver lining – or at least that’s how the old and oft-repeated expression goes. Said less often though, no less true, is the inverse corollary: For every silver lining, there is a dark cloud somewhere. A less sunny aphorism, to...
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Robinhood has come under the watchful eye of regulators — this time in Massachusetts. State regulators are set to file a complaint on Wednesday (Dec. 16) saying that the stock-trading platform failed to protect its customers and their assets, violating state laws and regulations. Get...
Disputes and chargebacks are nothing new. But in the digital age of commerce wrought by the pandemic, they’re becoming a key point of friction between consumers, merchants and issuers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
