Security & Fraud

Security & Fraud
Travis Kalanick Disavows ‘Internet Food Court’ Using His Name
April 08, 2020

An “internet food court” website seemingly associated with Uber Co-Founder Travis Kalanick‘s ghost kitchens business appears to have vanished, with representatives saying someone else had gone forward with the idea without authorization, according to the Financial Times. Get the Full Story Complete the form to...

Security & Fraud
Preparing For The Unknown With Artificial Intelligence And Machine Learning
April 07, 2020

“We cannot outright predict a pandemic any more than we can predict a data breach or an account takeover,” DataVisor CEO and Co-Founder Yinglian Xie recently told PYMNTS. “What we can do, however, is empower organizations to proactively spot burgeoning crises early and take decisive...

Security & Fraud
Luckin Launches Probe Into Alleged Inflated Revenues
April 02, 2020

An internal investigation is underway by the board of directors of Luckin Coffee Inc. into its former COO who may have inflated estimated revenues by more than $300 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Security & Fraud
Building The Biggest Wall Around Logins Only Makes Good Customers Mad
April 02, 2020

The goal for any security platform aiming to enable digital commerce is as simple in concept as it is incredibly difficult to execute: Give the good customers a great experience, and give the bad guys pretending to be good customers a rough ride. Get the...

Security & Fraud
Hackers Disrupt Benefits Claims On Italy’s Social Security Website
April 01, 2020

As individuals were beginning to seek COVID-19 benefits, hackers disrupted Italy’s Social Security internet site, per the leader of the welfare agency. Pasquale Tridico said his INPS unit had taken in approximately 339,000 applications to receive the $655 (600 euros) in benefits, but hackers had...

Security & Fraud
Digital Application Fraud In The Spotlight
March 30, 2020

Pandemic-related chaos is an ideal environment for cybercrime, as merchants and financial institutions (FIs) have been discovering since the COVID-19 outbreak went global. With workflows disrupted and personnel dispersed, a rise in application fraud is being detected. When fraudsters open fake accounts and successfully drain...

Security & Fraud
Fraud: What Pandemic Panic Buying And Black Friday Have In Common
March 27, 2020

These are unprecedented times — where the COVID-19 pandemic has shuttered stores and brought tens of millions of people (in the U.S. alone) indoors, where “home office” has taken on new meaning and where online commerce is now the way we buy. Get the Full...

Fraud Attack
Hackers Hit Cybersecurity Insurance Co Chubb
March 26, 2020

Cybersecurity insurance company Chubb, which provides aid to companies affected by data breaches, has been hit by one itself, according to a report by TechCrunch. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Security & Fraud
China Suspected In Surge Of US Cyberattacks
March 25, 2020

U.S. cybersecurity firm FireEye said it suspects China is behind a surge in cyberspying that began in January, just when the coronavirus was starting to seriously spread outside of China, according to a report by Reuters. Get the Full Story Complete the form to unlock...