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...
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...