Coupang said that while the perpetrator of a previously announced data leak accessed 33 million accounts, he retained data from only 3,000 accounts, did not transfer the data to others, and later deleted the data when news outlets began reporting the incident. The company said...
The data of some Goldman Sachs clients reportedly may have been exposed due to a cybersecurity incident at one of the bank’s law firms. Goldman Sachs alerted investors in some of its alternative investment funds that they may have been impacted by a data breach at Fried Frank Harris Schriver &...
The holiday shopping period compresses weeks of spending into days, multiplies the number of online interactions, and makes consumers and companies vulnerable to fraudsters. That anxiety is not theoretical. PYMNTS reported in early December that 78% of shoppers worry about a holiday fraud surge. When...
Insurance company Aflac said personal information associated with 22.65 million people was impacted by a cybersecurity incident within its U.S. business that the company reported in June. The company determined the number of affected people after reviewing the potentially impacted files, it said in a...
The Federal Trade Commission (FTC) says rental scams have cost consumers $65 million since 2020. That’s according to a new analysis from the FTC released Tuesday (Dec. 23), showing that consumers have reported almost 65,000 of these scams—many of which began with fake listings on...
Fraudsters are constantly evolving, and banks are struggling to keep up. The imbalance underscores a broader shift. Criminal activity is pivoting toward external attackers regaining dominance after a brief period in which authorized-party fraud played a larger role. Banks are responding with higher spending and...
Watch more: What’s Next in Payments Innovating and securing payments requires far more than a few well-placed tools. It takes systems, people and processes working in concert to authenticate identities, route transactions, evaluate risk and protect data at scale. At Maverick Payments, that orchestration forms...
Financial services platform OnePay has joined Google’s Agent Payments Protocol (AP2), saying it will help make agentic payments more secure, transparent and useful. OnePay will be a credential provider in AP2 and will help define how payment methods are stored, selected and used by artificial intelligence (AI) agents, the company said in a Thursday (Dec. 18) press release. The company...
Watch more: The Digital Shift: Block’s Brian Boates Fraud has a new face every day. Even a highly informed customer can fall victim if an attacker gains access through compromised credentials or weak authentication elsewhere in the system. “Scammers are having a lot of success...