Fraud is no longer just a cost line item for banks and payment firms. It is increasingly a force that shapes how institutions invest, modernize and compete. That is the central takeaway from the “2025 State of Fraud and Financial Crime in the United States” report from...
Shipping tech company Bluspark Global reportedly resolved security issues in its shipping and supply chain platform Bluvoyix. The company did so after being notified of the vulnerabilities by security researcher Eaton Zveare, who found flaws that enabled access to shipping records and other customer data,...
Crypto scams and fraud took in at least $14 billion on-chain in 2025, up from a revised total of $12 billion the previous year, Chainalysis said Tuesday (Jan. 13). The 2024 figure was revised up from the $9.9 billion Chainalysis initially reported, and the 2025 figure...
Financial markets infrastructure provider LSEG has announced a new tool, called Trade Surveillance, designed to help spot and investigate market abuse and financial crime. “As market behaviors and regulatory requirements evolve and place demand on financial institutions to identify market abuse and financial crime in increasingly sophisticated ways, traditional...
Revolut’s finance app now offers a feature designed to help combat impersonation scams. The new call identification feature detects when a customer opening the app is on the phone, confirms whether they are talking with a Revolut agent, and displays a banner showing them that...
Fraudsters are nothing if not creative, constantly reshaping old tricks with new technology to stay one step ahead of consumers and the institutions that serve them. That adaptability is a central theme of “Financial Scams and Consumer Trust,” a November report produced by PYMNTS Intelligence...
Merchants are discovering that fraud prevention has become less about stopping bad actors at checkout and more about managing risk across the entire payment journey, from account creation to post-transaction disputes. That shift is the central new insight of the PYMNTS Intelligence report titled “Orchestrating Trust:...
Investing and savings app Betterment said Monday (Jan. 12) that a social engineering attack led to its customers receiving an unauthorized message promoting a crypto-related promotion and to an unauthorized individual gaining access to customer information. Betterment had told its customers Friday (Jan. 9), in the...
India wants smartphone makers to share their source code with its government. That’s according to a report Sunday (Jan. 11) by Reuters, which said that the government also wants these companies to make several software changes to comply with new security measures, drawing pushback from the...