Not so long ago, payments cyber fraud was done primarily by brute force, through guessing passwords and usernames — a scattershot approach akin to trial and error, conducted by lone individuals or small groups. However, that’s changing. Get the Full Story Complete the form to...
Mastercard is developing a cutting-edge European cybersecurity center for public and private stakeholders to work on advancing regional fortitude, Mastercard announced on Tuesday (Feb. 18) in a blog post. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
In the battle against fraudsters, financial institutions (FIs) must start at the beginning – literally. 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,...
The lawsuit against Amir Golestan and his web-services provider firm Micfo is shedding light on the ecosystem that governs the world of online spammers and hackers, a Wall Street Journal article said on Monday (Feb. 17). Get the Full Story Complete the form to unlock this...
An online scam targeted $4 million in retirement funds from at least four Puerto Rico agencies, according to reports on Thursday (Feb. 14). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Chinese telecom firm Huawei was charged with racketeering and conspiracy to steal trade secrets on Thursday (Feb. 13), along with two of its U.S. subsidiaries, according to The Wall Street Journal. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
The government of Puerto Rico lost $2.6 million after it was the victim of an email phishing scam, according to the AP. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Cyprus, the Netherlands, Portugal and other countries are in trouble with the European Commission over their failure to implement new rules cracking down on money laundering, according to Reuters on Wednesday (Feb.12). Get the Full Story Complete the form to unlock this article and enjoy...
For a great example of an attempt at security that does much more to annoy legitimate consumers than to actually fend off fraudsters, look no further than CAPTCHA. Though not quite as ubiquitous as it was a few years ago, the challenge-based verification tool asks users...
