Security & Fraud

Security & Fraud
GIACT Report: $3.4B Lost To New Account Fraud In 2018
July 25, 2019

A new report from GIACT Systems has revealed that $3.4 billion was lost due to New Account Fraud (NAF) last year. 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
Inside N26’s Fraud Protection Strategy
July 24, 2019

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Security & Fraud
FTC: Facebook Lied To Customers About Facial Recognition, Phone Number Usage
July 23, 2019

The Washington Post is reporting that as part of a milestone settlement against Facebook, the Federal Trade Commission (FTC) is going to say that Facebook lied to users about handling phone numbers and that it misled users about turning off a photo recognition tool. Get...

Security & Fraud
US AG Wants Lawmakers To Have Access To Encrypted Messaging
July 23, 2019

William Barr, U.S. attorney general, made lengthy comments on Tuesday (July 23) about encrypted messaging and the need for law enforcement to have access to those messages if necessary, according to a report. Get the Full Story Complete the form to unlock this article and...

Security & Fraud
Scammers Hawk Bogus Libra Currency
July 23, 2019

Facebook’s Libra has not even officially rolled out, yet there are already fake outlets springing up. 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...

Security & Fraud
Tech Experts To Visit White House To Discuss Huawei Ban
July 21, 2019

The U.S. ban on sales to China’s Huawei is expected to be a topic of discussion Monday (July 22) between White House regulators and tech executives. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Security & Fraud
Equifax Nears $700M Settlement For Data Breach
July 21, 2019

The 2017 Equifax data hack affecting more than 143 million people worldwide will cost the company about $700 million.  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...

Security & Fraud
Ex-Microsoft Employee Accused Of Stealing Millions In Digital Currency
July 18, 2019

A former Microsoft engineer named Volodymyr Kvashuk was arrested and charged with mail fraud for allegedly stealing millions in digital money from Microsoft, according to the Department of Justice. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Security & Fraud
Treasury Secretary: US Will Police Cryptocurrencies
July 18, 2019

US Treasury Secretary Steven Mnuchin said his department will use “very, very strong” regulations to ensure that bitcoin and other cryptocurrencies don’t become “the equivalent of Swiss-numbered bank accounts.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...