Revolut’s CEO for Western Europe, Béatrice Cossa-Dumurgier, said the company will pay the cost of new identity documents for customers impacted by the data breach Revolut disclosed in September, Reuters reported Wednesday (Oct. 7). During an interview with BFM TV, Cossa-Dumurgier said, per the report:...
U.S. Bank introduced a service called Project 360, designed to help customers protect their privacy, according to a Wednesday (Oct. 7) press release. Project 360 lets users monitor credit activity, identify threats to their privacy and respond when personal info might be exposed, per the...
Neobanks are spending far more on fraud prevention even as their fraud losses continue to rise. Fraud prevention spending among neobanks, digital-only banks and FinTechs jumped 357% in a year, from $1.8 million to $8 million per institution, according to the PYMNTS Intelligence report “Scams...
Watch more: Stopping B2B Fraud Before AI Moves the Money Artificial intelligence is breaking the economics of the traditional accounts payable fraud model. Attackers can scale cheaply, but finance teams cannot respond by scaling manual verification at the same rate. “They are using the technology...
A pair of representatives last week unveiled legislation targeting one piece of the increasingly industrialized fraud economy. Reps. Jefferson Shreve of Indiana and Rob Menendez of New Jersey introduced the Stop SIM Box Scams Act, which would ban manufacturing, importing, selling, leasing, advertising, owning or...
CrowdStrike says it is seeking applicants for its fourth annual Cybersecurity Startup Accelerator. The program, run in tandem with Nvidia and Amazon Web Services (AWS), is designed for “startups building the future of cybersecurity for the agentic era,” CrowdStrike said in its announcement Tuesday (Oct. 6). “The next generation of agentic cybersecurity...
Invoice lifecycle management Basware has completed its acquisition of payment fraud prevention platform Trustpair. “The acquisition extends Basware’s invoice lifecycle management capabilities all the way to the payment itself,” the company said in a Monday (Oct. 5) news release. The release notes that an “invoice can be authentic, accurate and...
A new report says Chinese hackers are impersonating American AI professionals to steal emails from other artificial intelligence (AI) experts. That report, issued Thursday (Oct. 1) by cybersecurity firm Proofpoint, said that a hacking group known as “TA419” has since last year routinely attempted to...
A Department of Defense recordkeeping unit, the Defense Manpower Data Center (DMDC), has alerted millions of current and former military members and staff that their data was stolen during a breach that lasted from October 2025 to July 2026, TechCrunch reported Wednesday (Sept. 30). The...