Cybersecurity

Fraud Prevention
With $429 Billion At Stake, Anti-Fraud Measures Prove Pro-Customer
April 29, 2024

How much did payment fraud cost retailers last year? The answer, according to one analysis, is a cool $429 billion.    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
Microsoft ‘Doubles Down’ on Cybersecurity to Safeguard Connected Economy
April 29, 2024

The cyberattack on UnitedHealth Group, resulting in a $872 million loss to the health insurer, is just one example of the evolving cyberthreat landscape in today’s connected economy. Beyond mere operational disruptions, such incidents reveal the profound financial ramifications of cybersecurity breaches. Get the Full Story Complete the form to...

Cybersecurity
UnitedHealth CEO Andrew Witty to Testify Before Congress on Cyberattack
April 29, 2024

UnitedHealth Group CEO Andrew Witty will testify before two Congressional committees Wednesday (May 1), addressing the cyberattack that hit the company’s Change Healthcare unit. 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
Banks Need ‘Change Management Checklist’ in Battle Against Fraud
April 26, 2024

Artificial intelligence (AI) holds the promise to transform all manner of industries — helping banks, in particular, improve their anti-money laundering (AML) efforts. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Fraud Prevention
ComplyAdvantage Buys Golden to Bolster Financial Crime Fighting Tool
April 24, 2024

Financial crime intelligence provider ComplyAdvantage has acquired tech company Golden. 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...

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...