Cybersecurity

Cybersecurity
Grab Fined For Privacy Breach For The Fourth Time
September 13, 2020

GrabCar, a unit of Grab Holdings, a Singapore-based ridesharing company, has been issued a $10,000 Singapore dollar ($7,311) fine for a personal data breach, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Cybersecurity
Philippines Investigates 57 Potential Participants In Wirecard Scandal
September 11, 2020

Fifty-seven local and international “persons of interest” who possibly participated in the Wirecard AG scandal are subjects of a probe by government officials in the Philippines, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Fraud Prevention
How Data Analysis And Communication Get To The Bottom Of Chargeback Claims
September 11, 2020

Chargeback options are meant to protect consumers, but shoppers also sometimes file claims over purchases they simply don’t recall or don’t want to pay for. It’s a problem that cost retailers $35 billion in 2019 alone. In the FI Fraud Decisioning Playbook, Mohamad Tayba, senior...

Cybersecurity
DOJ: 57 People Charged With Alleged PPP Fraud As Of May
September 10, 2020

Fifty-seven people have been charged by the U.S. Department of Justice (DOJ) as of May for attempting to misappropriate over $175 million from the Paycheck Protection Program (PPP), which was created to assist people amid the COVID-19 health crisis, Reuters reported. Get the Full Story...

Cybersecurity
Report: JPMorgan Staffers Fired Over Relief Fund Thefts
September 10, 2020

One day after JPMorgan Chase & Co. CEO Jamie Dimon threatened to take action against employees who stole COVID-19 relief funds, several workers have reportedly been fired. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Fraud Prevention
Report: How Card Issuers Sort Fact From Fiction In Customer Chargeback Claims
September 10, 2020

Card-not-present (CNP) transactions are rising as consumers lean heavily on digital channels to meet their needs during the ongoing pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Cybersecurity
Bitdefender: 40 Pct Of Pandemic-Themed Emails In First Half Of 2020 Were Spam
September 09, 2020

Bitdefender said in its Mid-Year Threat Landscape Report 2020 that four out of 10 pandemic-themed emails in the first half of the year on average were tagged as spam. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Cybersecurity
China To Roll Out Global Data Security Standards
September 07, 2020

China is debuting a new initiative to set worldwide standards for data security, according to a new report from The Wall Street Journal (WSJ). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Cybersecurity
Helping FIs Separate The ‘Reality Of Fraud Protection’ From Perception
September 03, 2020

The pandemic has pushed us to do all things digitally while opening up new vectors of attack. Those new avenues of fraud have leveraged hallmarks of the current pandemic — fears over public health and concerns about stimulus checks issued by the government — to...