Users of Apple’s Mac products are reportedly facing a new malware threat. This attack, known as Infinit Stealer, uses social engineering tactics and is difficult to detect once its payload is delivered, Mashable reported Monday (March 30). The report, citing information from cybersecurity company Malwarebytes,...
Card issuing platform Marqeta has debuted a tool designed to combat increasingly sophisticated payments fraud. The company on Tuesday (March 31) announced an enhancement to its real-time decisioning (RTD) offering with “an AI-powered risk score that analyzes transaction risk levels at the point of the authorization decision.” According to...
B2B CFOs sit at the increasingly complex intersection of treasury, technology, vendor management and enterprise risk. But that’s not all that finance leaders are tasked with overseeing above the balance sheet. As artificial intelligence increases the capabilities of bad actors, chief financial officers and their...
The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) is seeking assistance from financial institutions as it combats fraud schemes that target Medicare, Medicaid and other government health benefit programs. The agency issued an advisory that highlights these schemes and encourages financial institutions to voluntarily report suspicious activity to FinCEN and...
A finding from a new PYMNTS security report suggests that the technology expanding fraud risk in business payments may also hold its most promising solution. The report, “Embedding Security: Designing Fraud Risk Out of Business Transactions,” by PYMNTS Intelligence and WEX, examines how embedded payments,...
For most executives, quantum computing still sits comfortably in the category of future disruption. Q-day, the moment when traditional encryption methods are rendered useless by quantum advances, is something important and inevitable, but still relatively distant. A Wednesday (March 25) report from Google is throwing...
Reddit on Thursday (March 26) began rolling out human verification requirements targeting accounts that display suspicious behavior, denoting a significant change in how major platforms respond to the accelerating infiltration of artificial intelligence (AI)-generated content. According to a Thursday (March 25) report by TechCrunch, accounts...
The collapse of default trust on the internet is becoming operational, measurable, and increasingly expensive. Businesses have the rise of artificial intelligence (AI) to thank for that. But for mid-market and B2B firms that spent the last decade digitizing workflows, onboarding customers and building confidence...
Watch more: Virtual Roundtable With Trulioo’s Kiran Kumar and Mastercard’s Kurt Weiss Trust in both financial services and public consciousness has traditionally been treated as a checkpoint. A customer opened an account, submitted documents, cleared know-your-customer (KYC) reviews and, in effect, crossed the threshold. Once...