The $755 billion online travel industry is a honeypot for bad actors looking to use stolen payment credentials to purchase vacation packages and resell them for profit. But combating fraud often comes at a cost, as onerous security protocols may alienate legitimate customers. In this...
In business – and especially in financial services and banking – trust is built up over decades, and can be destroyed in an instant. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Starting Jan.1, the California Consumer Privacy Act will give people control over the personal information companies collect, store and share, the Associated Press reported on Wednesday (Dec. 18). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Fraud continues to plague the digital world, despite the fortunes spent to curb it. Industries that operate solely online are some of the most vulnerable to fraud, including that of online travel. Many of these schemes take the form of clean fraud or friendly fraud...
The Federal Trade Commission (FTC) is refunding over $2.6 million to small businesses that were scammed by A-1 Janitorial, a New York-based office supply company, the FTC said in a press release on Tuesday (Dec. 17). Get the Full Story Complete the form to unlock...
Criminals get into the holiday spirit, too. For instance, they know how to talk in friendly, polite terms to overworked and often-frustrated customer service representatives — to gain such advantages as having purchased items redirected to their own addresses, rather than to the customers who...
Photos of faces and 3D masks have fooled facial recognition checkpoints at airports, as well as payment systems, but they can’t fool Apple’s Face ID systems, according to reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
SWIFT is launching its global Know Your Customer (KYC) registry to more corporate groups, SWIFT announced in a press release on Monday (Dec. 16). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Visa has announced in a release that cybercriminals are employing new tactics to steal credit card information from around the U.S. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...