Watch more: Monday Conversation With RSA Security’s Greg Nelson For anyone who remembers carrying an RSA SecurID key fob to log in to work, the company’s role is familiar. For more than 40 years, RSA has helped organizations establish who belongs inside their systems. In...
Companies using several artificial intelligence fraud tools are more likely to stop attempted theft before money leaves their accounts, offering an encouraging direction for businesses strengthening payment defenses. That’s a central finding of “Prevention First: Building a Smarter Defense Against Payments Fraud,” a PYMNTS Intelligence...
Binance’s pledge to absorb an estimated $6.3 billion theft leaves the exchange responsible for replacing customers’ assets while investigators pursue a recovery whose timing and outcome remain uncertain. Following the hack, Binance said its emergency reserve, known as the Secure Asset Fund for Users (SAFU),...
Hackers stole $6.3 billion from Binance, the world’s largest cryptocurrency exchange, in the biggest crypto theft ever. The attack breaks the previous record by a wide margin. It also comes at a hard time for digital assets, which were already under pressure from higher interest...
The Federal Trade Commission’s (FTC) battle against impersonation scams has included the removal of websites that impersonated the FTC itself, the agency said in a Thursday (Oct. 29) press release. The FTC sent letters to domain registrars and other website providers that resulted in those companies...
Prediction market firm Polymarket took its international exchange offline briefly on Thursday (Oct. 29) as it dealt with an issue related to a third-party provider, the company said in a post on X. “We’ve identified [and] fixed an issue impacting our international platform, Polymarket.com,” the company said in the post by...
Coinbase says customer contact data was impacted in a breach at one of its vendors. The cryptocurrency exchange acknowledged the incident late Tuesday (Oct. 27) while denying reports that it had suffered a breach on its end. “Amplitude, an analytics vendor, experienced a security incident which impacted...
Gift card exchange Raise cut its chargeback rate by 45%, from 0.53% to 0.29%, and reduced the share of orders needing manual review from as much as 18% to 0.25%, fraud platform Sardine said in a customer case study. Gift card marketplaces carry two costs...
Fraud attacks can now be assembled with commercially packaged software, distributed across accounts and devices, and altered faster than banks can rewrite a conventional fraud rule. “We’re seeing fraudsters leverage commoditized SaaS toolkits sold on dark web marketplaces to orchestrate scams, card testing attacks and...