Cybersecurity

Cybersecurity
FTC Sends $500K to Consumers in Vivint Credit Report Case
December 05, 2024

The FTC is sending almost $500,000 in payments to consumers it says were harmed by Vivint Smart Homes. 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 to our daily newsletter,...

Fraud Prevention
Socure’s Friendly Fraud Fighting Consortium Hits Data Collection ‘Milestone’
December 05, 2024

Socure says it has reached a milestone in its collaborative effort to combat “friendly fraud.” 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 to our daily newsletter, PYMNTS...

Cybersecurity
A Third of Consumers Have Been Victimized by Credit Card Fraud
December 05, 2024

Credit card fraud is a rising concern for American consumers, with nearly 1 in 3 reporting fraudulent charges in the past year. As incidents of fraud increase, so does consumer anxiety, with 37% of individuals expressing heightened worry. Get the Full Story Complete the form...

Cybersecurity
Ongoing Salt Typhoon Hacking Campaign Targets Americans’ Call Record Metadata
December 04, 2024

Chinese hacking group Salt Typhoon reportedly has stolen the call record metadata of a “large number” of Americans. 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 to...

Cybersecurity
SentinelOne’s Purple AI Security Suite Doubles Reach as Cyberthreats Grow
December 04, 2024

SentinelOne’s artificial intelligence (AI)-powered Purple security suite has doubled its market reach, now protecting twice as many devices compared to last quarter. The company announced Wednesday (Dec. 4) that Purple AI has become its fastest-growing product as it bolsters its AI capabilities against emerging cyberthreats....

Fraud Prevention
FedDetect Duplicate Notification Service Expanded to Include Commercial Checks
December 04, 2024

Federal Reserve Financial Services (FRFS) now helps financial institutions combat check fraud by enabling them to see deposit information and images of potential duplicate items for commercial checks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Fraud Prevention
Government Agencies Suggest Practices to Combat Elder Financial Exploitation
December 04, 2024

Financial institutions play an important role in combating elder financial exploitation and in supporting the victims of these crimes, federal and state agencies said Wednesday (Nov. 4). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Fraud Prevention
71% of Financial Institutions Turn to AI to Fight Faster Payments Fraud
December 03, 2024

As demand for faster payments grows, so does the risk of fraud. More than 170 million U.S. consumers received at least one disbursement in the past year, highlighting the need for rapid transactions. Get the Full Story Complete the form to unlock this article and...

Cybersecurity
Staying Safe From AI’s Surging Enterprise Threat This Cyber Monday
December 02, 2024

Cyber Monday is the ultimate digital shopping event. But this year, the stakes are higher than ever — and it is all due to artificial intelligence (AI). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...