Cybersecurity

Cybersecurity
NEW REPORT: Online Fraud Falls 34.7 Percent
May 31, 2017

The good news? Fraudsters have at long last lost some ground. The bad news? They’re far from down for the count. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Cybersecurity
Russian Hackers Tricked Pentagon Official With Tweet
May 30, 2017

Russian hackers were able to get into the computer of a Pentagon official using a link attached to a Twitter post. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Fraud Prevention
Eyeing Bad Behavior And Stopping Payments Fraud
May 30, 2017

Behavioral analytics and machine learning can combine to root out fraud that is getting ever faster and harder to detect — even as payments go global and, of course, are ever faster. Guardian Analytics’ CEO, Laurent Pacalin, took PYMNTS’ Karen Webster through the ways subtle...

Cybersecurity
Russian Quantum Center Comes Out With Quantum-Proof Blockchain
May 29, 2017

Russian Quantum Center researchers announced late last week that they created what they said is the first quantum-safe blockchain. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...

Cybersecurity
Hackers Steal Chipotle Customer Payment Data
May 29, 2017

Chipotle is out of the frying pan and into the fire with the recent discovery of malware that was relaying customer payment data to hackers from 2,250 of the Mexican restaurant chain’s store locations. Get the Full Story Complete the form to unlock this article...

Cybersecurity
Chinese Scammers Snared, Confess To Stealing $138 Million USD
May 26, 2017

In an ongoing digital fraud scheme, Chinese scammers have racked up over 950 million yuan ($138 million USD) from more than 93,000 victims by preying on victims’ sense of national pride and desire for easy returns. Police in Tianjin, Beijing and Guangxi arrested 44 more...

Cybersecurity
FTC: Strategic Student Solutions Defrauded Student Debt Holders
May 26, 2017

The Federal Trade Commission announced Thursday (May 25) it charged the operators of a phony student loan debt relief and credit repair scheme with stealing millions of dollars from consumers by falsely promising to reduce or eliminate their student loan debt and offering them non-existent...

Cybersecurity
WannaCry Hits Russian Postal Service, Delivers Misery
May 25, 2017

WannaCry hit a new target this past week, and this time around the Russian postal service has been hobbled a bit, with some computers still not functioning in the wake of the attack. As Reuters noted, the continued impact of the cyberattack has been one...

Cybersecurity
Madoff Fund Has Paid Zero To Victims
May 24, 2017

The firm responsible for paying out $4 billion to victims of Bernard Madoff’s Ponzi scheme has been spending millions on related billings, including the retention of a Victim Fund administrator, over the past four years. Victims haven’t seen a dime. Get the Full Story Complete...