Cybersecurity

Cybersecurity
Hackers Increasing Pressure on Snowflake Customers to Make Ransom Payments
June 17, 2024

Hackers who targeted Snowflake customers are reportedly demanding ransom payments ranging from $300,000 to $5 million from as many as 10 breached companies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Cybersecurity
Elder Scams Spike as More Boomers Move Online
June 14, 2024

As more baby boomers and seniors go online to get their banking done — making payments, investing and paying bills or taxes — the fraudsters are finding elder abuse of a financial nature to be quite lucrative. Get the Full Story Complete the form to...

Fraud Prevention
Oscilar Launches AI-Powered ACH Fraud Detection for FinTechs, Financial Institutions
June 13, 2024

Oscilar has added an artificial intelligence (AI)-powered ACH Fraud Detection product to its lineup of risk technology solutions for FinTechs and financial institutions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Cybersecurity
Fresh Wave of Major Cyberattacks Exposes Key Enterprise Security Weaknesses
June 11, 2024

On a weekly basis, businesses operating within security-critical industries are reminded that security is critical. 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
Scammers Pose as Small Business to Sell Knockoff Goods
June 10, 2024

Scammers are reportedly using technology such as AI to up their attacks on smaller merchants. 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
UK Payments Regulator Won’t Delay Fraud Reimbursement Rules
June 10, 2024

The UK’s payments regulator says new fraud reimbursement rules will proceed as planned. 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 Today....

Cybersecurity
Tokens See Double Duty as Protection From Fraud and Transaction Failures
June 10, 2024

Network tokenization, a technology that replaces sensitive payment card data with unique digital identifiers, has been a hot topic of late. 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
43% of Fraudulent Transactions That Hit FIs Are Authorized
June 07, 2024

When it comes to payments fraud, the Federal Reserve actually splits the crime into two categories: authorized and unauthorized 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....

Cybersecurity
TikTok Hit by Security Breach That Used Malicious Links
June 04, 2024

TikTok reportedly dealt with a recent security breach when hackers targeted well-known brands and celebrities on the platform. 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...