Security & Fraud

Security & Fraud
US, Allies Press For Action After Tying China To Cyberattacks
July 19, 2021

The U.S. is joining forces with the U.K., the EU and NATO in pressing officials from the People’s Republic of China (PRC) to take action after exposing the region as the origin of cyberattacks. Get the Full Story Complete the form to unlock this article...

Security & Fraud
Feds Bust Maryland Unemployment Fraud Ring Amid Scrutiny Of Illicit Payments
July 16, 2021

It’s been a banner year for fraudsters attacking the suddenly bloated unemployment program, as a top federal government watchdog estimates that as much as $26 billion in benefits aren’t going to the unemployed, but to fraudsters who are taking the system for a ride —...

Security & Fraud
US DOJ, DHS Launch Website To Combat Ransomware
July 15, 2021

In response to the growing international threat of ransomware attacks, the U.S. Department of Justice (DOJ) and Department of Homeland Security (DHS) have launched a new website that provides ransomware resources to protect consumers and institutions from these attacks. Get the Full Story Complete the...

Security & Fraud
White House Ransomware Task Force Tries To Stem The Tide Of Attacks
July 15, 2021

Nothing is off the table now in the fight against cybercrime and those related to ransomware. Not only are there rewards for tips on who’s behind the attacks, but a new task force put in place by the White House could even turn the tables...

Security & Fraud
FTC: Americans Lost Nearly $500M To COVID Fraud
July 14, 2021

The proliferation of fraud and scams involving COVID-19 has dealt heavy fiscal blows to Americans’ wallets, according to data from the Federal Trade Commission (FTC), per Public Tableau. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Security & Fraud
Russian Hacking Group Responsible For Ransomware Goes Dark
July 13, 2021

REvil, a known Russian hacking group, has gone offline — only days after U.S. President Joe Biden mandated that Russian President Vladimir Putin handle the cybercrime taking place in his country, a report from Decrypt said on Tuesday (July 13). Get the Full Story Complete...

Security & Fraud
UK Cops Seize $249M In Crypto Crackdown
July 13, 2021

British police have confiscated close to £180 million — or $249 million — in cryptocurrency, the largest such seizure in the country’s history, CNN reported on Tuesday (July 13). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Security & Fraud
Fashion Brand Guess Data Breach Impacts Customer Info
July 12, 2021

Guess, the U.S.-based fashion brand and retailer, has been the victim of a data breach, a report from Bleeping Computer said Monday (July 12). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Security & Fraud
Featurespace Patents Show Role Of Neural Networks In Finding Transaction Anomalies In Real Time
July 12, 2021

The window financial institutions (FIs) have to determine “good” customers from “bad” lasts milliseconds. 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...