Digital scams and economic uncertainty are both rising, and that’s forcing a rethink of what protection means. “Protection in this day and age has evolved quite a bit. It’s gone from protecting devices through antivirus to protecting your privacy, your data, and protecting you from...
The holiday season is the most lucrative and perilous time of the year for retailers. The PYMNTS Intelligence report “Securing the Season: Fighting Fraud Without Losing Customers,” a collaboration with Worldpay, suggests that the real story isn’t just about stopping fraudsters during the fourth-quarter rush....
Mastercard has introduced a threat intelligence solution designed to help cybersecurity and fraud teams at issuing and acquiring banks combat payment fraud. The Mastercard Threat Intelligence solution combines Mastercard’s fraud insights and global network visibility with the Recorded Future platform’s curated cyber threat intelligence, Mastercard...
Banking giant HSBC turned to ValidiFi and its account validation and risk detection solutions. These solutions will help improve the integrity of bank accounts used to pay credit card balances, according to a Monday (Oct. 27) news release. The partnership will employ ValidiFi’s data intelligence...
Watch more: What’s Next In Payments: Mastercard, Mark Barnett As the global economy edges into the final quarter of 2025, business leaders are bracing for an “October surprise.” Traditionally, the term evokes late-stage political or market shocks, but for small and medium-sized enterprises (SMEs), the...
The U.S. government shutdown has reportedly weakened the nation’s cyberdefenses. Cyberattacks on government employees have almost doubled since the shutdown began at the start of the month, the cybersecurity-focused website Dark Reading reported Friday (Oct. 24). With key agencies in limbo, workers furloughed and threat...
Artificial intelligence (AI) is reportedly helping employees scam their bosses with phony expenses receipts. The rise of new image generation models from companies like Google and OpenAI have led to a wave of AI-generated receipts submitted in-house, the Financial Times (FT) reported Sunday (Oct. 26),...
Authorized push payment (APP) fraud drove an increase in losses to payment fraud and scams in the first half of the year in the United Kingdom. Losses from APP rose 12% year over year to reach 257.5 million pounds (about $342.5 million) during that period,...
Stablecoins are arguably giving cryptocurrency mainstream legitimacy. This is the case at least in the U.S., where during the Federal Reserve’s Payments Innovation Conference Tuesday (Oct. 21), Fed Governor Christopher Waller advanced the notion of a “skinny” or “streamlined” master account, a form of access...