While companies and governments have spent billions to prevent fraud, cybercrime continues to plague businesses of every size. 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...
Consumers reported losing more than $5.8 billion to fraud in 2021, a 70% jump from the year before, the Federal Trade Commission (FTC) said Tuesday (Feb. 22). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has helped recover more than $1.1 billion over the last seven years for the victims of financial crimes, the agency said in a statement Friday (Feb. 11). Get the Full Story Complete the form to unlock...
An estimated 500 eCommerce websites were infiltrated by MageCart attackers, who seemingly installed credit digital card skimmers to lift users’ personal data, including card numbers, email addresses, phone numbers and more. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
These days, banks, businesses, government entities and individuals are at constant risk of digital fraud. Its volume and costs continue to expand, even as more oversight agencies are formed and security and risk management teams enact rules designed to prevent it. Get the Full Story...
Online romance scams happen all year round, but with Valentine’s Day less than a week away, even the smartest people looking for love could get swept up into the digital arms of today’s modern Don Juan and gold-digging opportunists. Get the Full Story Complete the...
Thirty percent of chief financial officers are responsible for their organization’s IT departments, but that doesn’t mean finance departments and IT operations are always working hand-in-hand. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Increasing incidents of fraud against online shoppers and digital banking newcomers across Britain since the start of the COVID-19 pandemic is “a national security threat” that requires government-backed action, banking industry lobby group UK Finance said, according to a Reuters report Wednesday (Sept. 22). Get...
California officials have frozen about 350,000 unemployment debit cards over purported fraud, according to an AP report on Monday (Oct. 26). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
