Watch more: Live Roundtable with Block’s Brian Boates, Paypal’s Dave Szuchman and FTA’s Angelena Bradfield The contours of the modern scam economy are becoming clear. And its edges are growing sharper. Fraud is no longer a fringe problem driven by clumsy phishing emails or naive...
Merchants are discovering that fraud is no longer a problem they can solve at checkout alone. It is a systems challenge that runs through every step of the payment flow, from onboarding to post-transaction disputes. That is the central message of “Orchestrating Trust: The Future...
Hackers and cyber criminals no longer look like characters in science fiction movies like The Matrix. They don’t hide behind hoodies, green text or zero-day exploits. Instead, they increasingly look like you or me, or your trusted bank, logistics partner, or a credit card or...
Cryptocurrency wallet Ledger is reportedly dealing with a data breach connected to its payment processor. As CoinDesk reported Monday (Jan. 5), an email sent to customers by Global-e—Ledger’s third-party payments service—and later shared on X said the breach of the company’s cloud system involved unauthorized...
A data breach at media company Condé Nast reportedly affects millions of its users. That’s according to a report Tuesday (Dec. 30) by Ars Technica, itself a Condé Nast publication. It says that a hacker named Lovely claims to have breached a Condé Nast user database and released a...
Three men who worked in the cybersecurity industry pleaded guilty to charges related to ransomware attacks they launched with the help of ALPHV BlackCat in 2023. Ryan Goldberg, 40, of Georgia, Kevin Martin, 36, of Texas, and an unnamed co-conspirator were accused of deploying the...
South Korean retailer Coupang is preparing to compensate customers impacted by a massive data breach. The eCommerce company will begin offering vouchers worth up to 55,000 won ($38) to each of its 33.7 million customers whose personal information was compromised by last month’s cybersecurity incident, the company...
Watch more: Need to Know With Spreedly’s Adam Hiatt Conveniences can come with a cost. And that cost, at least across digital commerce, is that it grows the attack surface for fraud. The result is a familiar paradox: The more seamless the customer journey becomes,...
Fraud prevention is no longer defined by how many tools a merchant deploys, but by how well those tools work together across the full payment journey. That is the central insight of PYMNTS Intelligence’s December Payments Orchestration Tracker, “Orchestrating Trust: The Future of Fraud Prevention...