Cybersecurity company Armadin raised a record $189.9 million, according to a Tuesday (March 10) press release. The company’s combined seed and Series A funding round is said to be the largest such financing round in cybersecurity history and will help Armadin in its goal of...
Mastercard says artificial intelligence (AI) is contributing to “unprecedented” levels of fraud and cybercrime. It may also be among the business world’s best defense against those threats, the payments giant said Monday (March 9) as it issued a report in tandem with Fraud Prevention Month. “Fraud...
President Donald Trump wants his administration to combat “predatory” schemes targeting American consumers and businesses. The president on Friday (March 6) signed an executive order calling for a review of which “operational, technical, diplomatic, and regulatory tools could be improved to combat transnational criminal organizations...
A growing body of evidence suggests that businesses may be looking in the wrong place for payment fraud risk. That was the central finding of PYMNTS Intelligence’s January Money Mobility Tracker®, “Instant Myths: Debunking Faster-Payments Fraud Fears.” The report examined how fraud concerns continue to...
Bank executives appearing before a House Financial Services subcommittee Thursday (March 5) delivered a blunt message. Financial fraud has become more sophisticated, more coordinated and more difficult to contain, even as banks pour billions of dollars into prevention efforts, they said. At a Capitol Hill...
Unauthorized-party fraud has reclaimed center stage, reversing last year’s pattern and reshaping how banks think about risk. That is the core shift in the “2025 State of Fraud and Financial Crime in the United States” report, produced by PYMNTS Intelligence in collaboration with Block. Based on a...
The Justice Department announced the seizure of what it called one of the world’s largest hacker forums. In a Wednesday (March 4) news release, the department said LeakBase, “one of the world’s largest online forums” trading in stolen data and cybercrime tools, had been dismantled in a global...
Critical infrastructure such as financial services, energy and healthcare is most likely to be targeted by Iranian cyberattacks, CSO reported Wednesday (March 4). While such attacks have not materialized so far during the current war, it could be that Iranian-aligned groups are positioning themselves to...
Google Threat Intelligence Group (GTIG) is recommending that users of Apple iPhone models running some older operating systems update their devices to the latest version of iOS or, if that’s not possible, enable Apple’s Lockdown Mode for enhanced security. GTIG said in a Tuesday (March...