Cybersecurity

Cybersecurity
Spike in Identity Fraud Forces Banks to Embrace Innovation
April 23, 2024

To the hammer of a bad actor, everything vulnerable looks like a nail. 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....

Fraud Prevention
90% of FIs Say a Fraud-Prevention Vendor’s Reputation Is Key to Collaboration 
April 23, 2024

More than 40% of financial institutions (FIs) report seeing increasing volumes of fraud and financial crimes, according to PYMNTS Intelligence data.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Cybersecurity
Hackers Were in Change Healthcare System 9 Days Before Ransomware Attack
April 22, 2024

Hackers were reportedly in the networks of UnitedHealth Group’s Change Healthcare unit for days before launching their ransomware strike. 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...

Fraud Prevention
Phone Number Data Expands Fraud Prevention Arsenal
April 22, 2024

While digital identities incorporate various data points such as name, email and physical address, phone numbers are swiftly emerging as the predominant means of identification.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Fraud Prevention
Basware Debuts AI-Powered Fraud Prevention Tool
April 22, 2024

Accounts payable (AP) automation company Basware has launched a new fraud/error protection solution. 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. By completing...

Cybersecurity
Air Travelers Help Fuel $2 Trillion Global Money Laundering System
April 21, 2024

Each year, money launders funnel $2 trillion in ill-gotten gains into the financial system. 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
Senators Press Banks for Better Defenses Against Wire Fraud
April 19, 2024

The looming specter of wire fraud has spurred lawmakers to press big banks for better defenses against bad actors — and a detailing of the impact the scams have had on consumers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Cybersecurity
German Agency Criticizes EY’s Audits of Wirecard
April 19, 2024

A German regulator has reportedly concluded that EY’s audit work and quality control regarding the now-defunct payments firm Wirecard was marked by “grave” and “repeated” violations of professional duties. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Cybersecurity
UnitedHealth Reports Processing Issues at Change Healthcare
April 18, 2024

Change Healthcare’s troubles are apparently not over. 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. By completing this form, you agree...