Cybersecurity

Cybersecurity
Nearly Half of Financial Institutions Believe Open Banking Risks Outweigh Rewards
February 27, 2024

Nearly half of financial institution executives are concerned that open banking may not be a positive value proposition — especially in an environment of increasing fraud. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Cybersecurity
Report: Ransomware Gang Blackcat Behind Cyberattack on Change Healthcare
February 26, 2024

The ransomware gang Blackcat, also known as ALPHV, is reportedly the source of a cyberattack targeting UnitedHealth Group’s technology unit, Change Healthcare. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Cybersecurity
LoanDepot Says 16.9 Million Customers Impacted by January Data Breach
February 26, 2024

LoanDepot said Friday (Feb. 23) that a data breach that impacted the company in January affected 16.9 million customers. 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
New Data: FIs Cooling on Open Banking but Still on Course for Real-Time Payments
February 26, 2024

Open banking is transforming the banking industry. It grants third-party FinTechs access to the financial data and funds traditional financial institutions (FIs) manage. Doing so can pave the way to offering real-time payments. Consumers value the faster payment solutions, but FIs are reluctant to provide...

Cybersecurity
Change Healthcare Expects Cyberattack Disruption to Last Through Friday
February 23, 2024

UnitedHealth Group’s Change Healthcare continues to work to restore systems and resume normal operations after a cyberattack. 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...

Fraud Prevention
Bottomline Updates Insider Fraud Prevention Tool
February 22, 2024

Business payments company Bottomline has debuted an updated fraud prevention kit. 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
FBI: China Cyberattacks on US Infrastructure Reach New Level
February 18, 2024

The Chinese government’s attempts to virtually attack U.S. infrastructure have reportedly reached new levels. 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
Whistleblowers Allege Inadequate Customer Due Diligence by Cash App
February 16, 2024

Federal financial regulators are reportedly investigating allegations made by two whistleblowers regarding Cash App. 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
Tokenization Now Seen by Merchants as Performance Optimization Play
February 16, 2024

Jeff Hallenbeck, head of payments at Forter, said tokenization, from the merchant point of view, is moving from being thought of as an operational cost to an opportunity to drive revenues. Get the Full Story Complete the form to unlock this article and enjoy unlimited...