An attack that begins with a trusted vendor rather than a masked hacker is becoming one of the most persistent risks facing medium-sized companies in the United States. That is the central takeaway from “Vendors and Vulnerabilities: The Cyberattack Squeeze on Mid-Market Firms,” a PYMNTS...
The threats snowballed in 2025. Cyberattacks stopped being episodic crises and instead became a persistent condition of doing business. A persistent and costly condition. So much so that one of the world’s largest cyber insurance firms, Beazley, announced last month it was reducing its U.S....
If your house were robbed or your car vandalized, you wouldn’t hesitate to report the crime to the police. So why do so few victims of financial scams report the incidents to their financial institutions? Definitions of fraud are wide-ranging, but most center on scams...
Watch more: Need to Know: Block’s Brian Boates Scams are rising and shaping consumer loyalty in real time. When money is lost, speed and convenience no longer define the financial relationship. Accountability does. In a conversation between Block Chief Risk Officer Brian Boates and PYMNTS...
Petco has reported that a setting within one of its software applications made customers’ personal information accessible online. The retailer filed data breach reports in California, Massachusetts and Texas. The disclosures were flagged by PCMag in a Tuesday (Dec. 9) report. The California Attorney General...
Beyond the victims and the billions of dollars in losses, the rise of AI-driven fraud means banks, FinTechs and payment providers must think about risk, liability and real-time fund flows. Fraudsters are using the same intelligence tools that power modern commerce to increase the speed,...
A recent PYMNTS Intelligence report finds that retailers will enter this year’s peak shopping season defending themselves on more fronts than ever before. The report, Securing the Season: Fighting Fraud Without Losing Customers, outlines how the growth of holiday sales is being matched by the growth...
Watch more: Live roundtable Verification systems built for yesterday’s fraud no longer work in today’s threat landscape. While firms could once assume that criminals needed skill, capital and patience to mount sophisticated attacks on onboarding or identity systems, that old playbook has fallen out of sync...
Reported ransomware incidents and payments dropped in 2024 after law enforcement’s disruption of two high-profile ransomware groups, the Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) said Thursday (Dec. 4). FinCEN announced this trend in a press release highlighting findings from its “Financial Trend...