A cyberattack may have targeted data of some of America’s biggest banks. As The New York Times (NYT) reported Saturday (Nov. 22), the attack wasn’t on the banks themselves but on vendor SitusAMC, which helps lenders originate and collect money from real estate loans and...
The Federal Communications Commission (FCC) has rescinded its rule that required telecommunications carriers to safeguard their networks from cyberattacks, saying it will instead partner with carriers to strengthen cybersecurity. The regulator said in a Thursday (Nov. 20) press release that the declaratory ruling and notice...
Allstate launched a new workplace benefit that reimburses employees who fall victim to cybercrime. The new Allstate Scam Protection offers reimbursement up to $50,000 when money or cryptocurrency is stolen through scams, the company said in a Thursday (Nov. 20) press release. This product offers...
The European Union (EU) has released an extensive plan to ease digital regulations. The project, announced Wednesday (Nov. 19), centers around a “digital omnibus” that streamlines rules on artificial intelligence (AI), cybersecurity and data. According to the European Commission — the EU’s regulatory arm —...
Fraud prevention and payment security firm Entersekt debuted enhancements to its digital banking authentication platform. The new offerings include Entersekt Orkestrate, a tool designed to simplify authentication for financial institutions, according to a Tuesday (Nov. 18) press release. “As AI scams and fraud continue to...
DoorDash said that a social engineering scam led to a data breach that exposed the personal information of consumers, gig workers and merchants using its platform. The personal information that was accessed by an unauthorized third party varied by individual and may have included first...
JPMorganChase will host more than 20 free educational workshops across the United States this week to mark International Fraud Awareness Week. The workshops are designed to help the public recognize and protect themselves from fraud and scams, JPMorganChase said in a Monday (Nov. 17) press...
Singapore’s status as a financial hub has also made it a popular destination for scammers. That’s according to a report Sunday (Nov. 16) by the Financial Times (FT), which said authorities in the city-state are engaged in an ongoing “game of whack-a-mole” with fraudsters, seeking...
Scams are everywhere, and the rising tide of fraudulent schemes is now hitting consumers across all age and income brackets. According to joint research from PYMNTS Intelligence and Block, younger, affluent and college-educated consumers now face the highest scam exposure, overturning long-held assumptions about fraud...