The rising trend of digitization in commerce and the increased occurrence of card-not-present fraud were not created by the COVID-19 pandemic. Instead, it would be more accurate to note that those macro trend lines were both already on the move quite notably, and then the...
The great digital shift has created a host of problems for banks — 1 trillion problems to be exact. 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...
The eCommerce explosion has raised the stakes in the battle against fraudsters, making scams more difficult than ever to fight. And Kount executive Gary Sevounts told PYMNTS in a recent interview that the frontline in that fight right now involves bots, those automated software apps that...
The risk of fraud continues to climb for organizations of all sizes as the latest data reveals third-quarter spikes in business email compromise and ransomware scams. This week’s B2B Data Digest takes a look at the numbers behind those spikes, finding small businesses to be...
Fraudsters are preying on consumers’ anxieties by turning to authorized push payment (APP) fraud for COVID-19-related schemes. Deploying multiple fraud prevention tactics is therefore a must if banks hope to spot complex scams and outfox bad actors, says Megan Kakani, vice president of product and...
Banks have long worked to anticipate and protect against emerging tactics of cybercriminals. 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....
Following a cyberattack that exposed patients’ mental health records last month, Finland is moving ahead with legislation that would let people change their personal identity codes in certain instances, according to an Associated Press (AP) report. Get the Full Story Complete the form to unlock...
The U.S. Securities and Exchange Commission (SEC) on Friday (Nov. 13) civilly charged former Wells Fargo CEO John Stumpf and Carrie Tolstedt, ex-head of Wells Fargo’s Community Bank, with allegedly misleading investors in connection with the bank’s unauthorized accounts scandal. Get the Full Story Complete...
Government-benefits fraud runs at about 10 percent even during normal times, but now that the pandemic has exponentially increased U.S. federal stimulus spending, the level of theft is on the rise, too. Get the Full Story Complete the form to unlock this article and enjoy...
