With digital transactions and eCommerce soaring during the pandemic, the rate of increasingly sophisticated fraud has also risen. With it, financial institutions need to strengthen their compliance to mitigate the risk of running afoul of the law. Get the Full Story Complete the form to...
The suspected Russian hackers who penetrated important U.S. government networks by hijacking the system information technology vendor SolarWinds Corp. used to update customers’ software also used Microsoft resellers’ systems to break into their clients’ systems, Reuters reported, citing investigators. Get the Full Story Complete the...
Not unlike rust, fraud never sleeps. And if it’s not one thing, it’s another. At this moment merchants remain vulnerable to the never-ending cycle of new and recycled attack vectors. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Two owners of a dozen New York City-area pharmacies have been charged for their reported involvement in a $30 million health care fraud and money laundering scheme, a press release Tuesday (Dec. 22) from the Department of Justice said. Get the Full Story Complete the...
Shopify has seen its revenues surge as the pandemic has pushed consumers to buy more goods online. At the same time, however, the online marketplace has become a hub for scams and counterfeit goods, according to eCommerce authentication service FakeSpot. Get the Full Story Complete...
MoneyGram International is putting its muscle behind U.S. regulators’ proposal to tighten financial reporting required of financial institutions (FIs). 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...
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London-listed Network International, a payments company, has been accused of keeping investors in the dark after hiring a legal firm over concerns about links to disgraced payments processing company Wirecard, The Financial Times (FT) reports. Get the Full Story Complete the form to unlock this...
When a customer walks into a physical location to transact, a whole host of behavioral data becomes available to whatever entity is serving them. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...