Security & Fraud

Security & Fraud
P2P Crypto Platform Poly Network Hackers Targeted Smart Contracts, Have Returned Millions
August 11, 2021

Hackers of decentralized finance (DeFi) platform Poly Network have returned over a third of the $613 million they stole, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Security & Fraud
Half Of Consumers ‘Very’ Or ‘Extremely’ Concerned About Using Personal Info Online
August 11, 2021

With the FBI reporting a 400 percent increase in cyberattacks on personal consumer data in 2020, PYMNTS analyzes the problem in the August 2021 study “The Privacy Paradox: Securing Data to Build Customer Engagement,” a Very Good Security collaboration, surveying nearly 2,260 U.S. consumers about...

Security & Fraud
Bottomline Debuts Watchlist Screening To Limit False Positives
August 11, 2021

Bottomline, a provider of automated and digitized services for its 1,200 bank and financial institution (FI) customers, on Wednesday (Aug. 11) announced the launch of its Watchlist Screening. Powered by an application programming interface (API), the real-time solution will be delivered via the company’s Software-as-a-Service...

Security & Fraud
Hackers Return Some Money From $600M Crypto Theft 
August 11, 2021

A group of hackers behind a more than $600 million cryptocurrency heist — one of the largest of its kind – has begun to return the money it stole.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Security & Fraud
Record Crypto Heist Nets Hackers Over $600M
August 11, 2021

In what is likely the biggest cryptocurrency theft in history, hackers made off with more than $600 million by exploiting a vulnerability in the multi-chain DeFi protocol Poly Network, according to multiple media reports and Twitter.  Get the Full Story Complete the form to unlock...

Security & Fraud
Metal Credit Cards Take On New Role As Virtual Ignition Keys To A Password-less World
August 11, 2021

At first glance, the metal or plastic credit card’s place in the connected economy seems a bit … well, tenuous. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Security & Fraud
Data Shows Cyberattack Ransom Up 82 Pct Since 2020
August 10, 2021

As ransomware has increased in proliferation, so has the amount paid on average to the criminals, a Computer Weekly report says, citing data from the Palo Alto Networks Unit 42 security consulting group. Get the Full Story Complete the form to unlock this article and...

Security & Fraud
Refinitiv Launches Integrated API To Blunt Rising Risk, Growing FI Fraud Threat
August 09, 2021

As much as the digital shift has given a boost to new and existing online ventures and processes, this rising tide has also increased the number of “surfaces” that cybercriminals have to work with, despite our collective best efforts to stop them. Get the Full...

Security & Fraud
SEC Brings Charges In First Case Using DeFi Tech; Alleged $30M Scheme
August 06, 2021

The Securities and Exchange Commission (SEC) charged a Florida duo operating a Cayman Islands company with more than $30 million in unregistered securities sales and misleading investors, according to a Friday (Aug. 6) press release. Get the Full Story Complete the form to unlock this...