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...
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...