A hacker group has reportedly raised the stakes after getting no response from Reddit. The group known as BlackCat is now not only demanding a $4.5 million ransom from Reddit but also demanding that the social media company reverse its plans to start charging fees to some third-party...
Two former Wirecard executives have been sentenced to prison in Singapore. James Wardhana, who was the international finance process manager of Wirecard Asia, and Chai Ai Lim, who was the head of finance at Wirecard Asia, were sentenced to 21 months and 10 months respectively...
Today’s new digital operating environment is ripe with opportunities for payment innovations. It is also rife with pitfalls due to the incumbent operators and the emergent innovators increasingly finding themselves facing a uniquely 21st-century quandary. Either they can make transactions as easy and seamless as...
A quartet of Senate Democrats want Venmo and Cash App to offer better fraud protection. The four senators — Sherrod Brown of Ohio, Elizabeth Warren of Massachusetts, Jack Reed of Rhode Island and Bob Menendez of New Jersey — wrote to the two companies Thursday...
A hacking group known as Clop reportedly continues to steal sensitive data from companies around the world. The group — taking its name from the Russian word for “bedbugs” — says it has hacked companies that included the capital management firm Putnam Investments and German...
Blackbird.AI, a narrative and risk intelligence firm driven by artificial intelligence (AI), has secured $20 million in Series B funding to ramp up its sales and marketing efforts, extend its offering to more customers and raise awareness around disinformation in key industries. In a press...
Although an increasing number of payment companies are transitioning their workloads to the cloud, the use of manual, on-premises payment hardware security modules (HSMs) — physical computing devices designed to strengthen authentication — to beef up data encryption continues to create challenges for businesses. These...
India’s Ministry of Health and Family Welfare is investigating what it called baseless reports of a data breach of its COVID vaccine database. The ministry said it has seen reports of Twitter users posting screenshots that show a bot using Telegram to post personal information...
Powered by technology like generative artificial intelligence (AI), behavioral-driven fraud is enjoying a modern renaissance. Whether through business email compromise (BEC) attacks or account takeover (ATO) scams, the strategies bad actors use to probe human-level vulnerabilities have evolved from easy-to-spot phishing attempts into highly sophisticated...
