A trio of lawmakers want answers from 23andMe about the security of its customer data. In a letter to the bankrupt genetic testing service Thursday (April 17), members of the House Committee on Energy and Congress expressed concerns that this data could be compromised following...
Capital One Software introduced a tokenization solution to help businesses address data security challenges. Capital One Databolt is designed to let companies protect sensitive data at scale without sacrificing performance or speed, according to a Thursday (April 17) press release. “In an era marked by...
Juniper Payments, a Velera company, added an embedded artificial intelligence-driven fraud prevention engine to its Payments Hub platform for banks and credit unions. The enhancement is designed to support financial institutions’ broader adoption of instant payments by delivering real-time fraud detection at the point of...
A recent report, “Consumer Credit Economy: Credit Card Fraud,” a collaboration between PYMNTS Intelligence and i2c, reveals a substantial level of consumer concern surrounding this issue. It shows 28% of consumers having already fallen victim to credit card fraud within the last year. Moreover, 37%...
The Federal Trade Commission (FTC) says impersonation scams cost Americans almost $3 billion last year. The FTC revealed that figure in a recent report on its actions in the wake of the Government and Business Impersonation Rule, which took effect last year. Scams in which...
Late last year, PYMNTS Intelligence reported that 28% of payments executives were seeing an increase in fraud and risk management uncertainties, and a commensurate percentage saw losses exceeding half a million dollars in the preceding 12 months. It’s no surprise to Eric Stratman, senior director...
There is a growing concern for middle-market firms in the United States, and it surrounds fraud and risk management. The PYMNTS Intelligence report “Fraud Risk Management Pushes Innovation Delays as Uncertainty Rises” highlighted how increasing fraud-related uncertainty is forcing companies to divert resources and postpone...
According to digital records, a prominent member of Elon Musk’s Department of Government Efficiency (DOGE) team has links to an alleged cybercrime organization. A Wednesday (March 26) Reuters report alleges that Edward Coristine, a 19-year-old who goes by the alias “bigballs” online, provided security support to a...
The Federal Trade Commission (FTC) said two operators of an alleged eCommerce business opportunity scam have agreed to settle the charges. Trevor Duffy Young and Wessam Baiz, along with companies associated with Baiz, will turn over profits they made from the alleged scam, will be...
