Security & Fraud

Security & Fraud
Banking Apps Shun Geolocation Data; Why Fraud Risks Could Follow
December 07, 2020

At a time when 80 percent of apps ask for (and are usually given) users’ geolocation data, the fact that most mobile banking applications still don’t is unacceptable, GeoGuard CEO David Briggs told Karen Webster in an interview. Get the Full Story Complete the form...

Security & Fraud
German Prosecutors Launch Investigation Into Ernst & Young’s Wirecard Audit
December 04, 2020

Munich prosecutors have launched an investigation into the Ernst & Young (EY) audit of Wirecard AG, compounding the firm’s troubles associated with $2.3 billion that went missing at the payment company. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Security & Fraud
IBM Cyber Analysts Red-Flag Attempt To Hack COVID-19 Vaccine Supply Chain
December 03, 2020

Apparently, there is no limit to how low some cyberspies will go. 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...

Security & Fraud
Virtual Debit Cards Secure Transactions And Ease Minds
December 02, 2020

As entire industry sectors wage fierce cyber-battle against internet crooks, consumers continue to be victimized by these criminals, and it’s making them extremely nervous about their data. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Security & Fraud
Mitek CEO: Digital Identity Must Accelerate During Pandemic
December 02, 2020

Since the earliest days of human existence, the concept of trust has presented unique interpersonal challenges that are as trying in the digitized world of the 21st century as they were for ancient civilizations. According to Mitek Systems CEO Max Carnecchia, 100 years of steady,...

Security & Fraud
Device ID Helps Fight Holiday Fraud Amid Record Online Shopping
December 02, 2020

At a time when COVID-19 has seen global eCommerce and digital traffic grow by nearly 70 percent, security experts have braced for a commensurate surge in online fraud as the holiday shopping season continues. Mzukisi Rusi, vice president of customer success at device identity and...

Security & Fraud
CSI, Featurespace Team Up To Fight Money Laundering
November 30, 2020

Computer Services, Inc. (CSI) is partnering with Featurespace to advance a new cybercrime solution to fight money laundering. 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...

Security & Fraud
Hack Of C-Suite Email Addresses Portends Surge In BEC Fraud
November 30, 2020

A hacker is reportedly selling information from hundreds of C-suite executives’ Microsoft-based email accounts, according to a report from Engadget. 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
Deutsche Bank, EY Linked To Germany’s Wirecard Investigation
November 29, 2020

Deutsche Bank and its head of accounting Andreas Loetscher are now in the scope of the Wirecard investigation over Loetscher’s previous role at EY, the auditors of the disgraced payments company, according to Financial Times (FT). Get the Full Story Complete the form to unlock...