Companies have had to ensure the validity of customers interacting with them — while also providing a frictionless experience — since the very dawn of commerce. Entersekt CPO Pradheep Sampath and Susan Koski, CISO at PNC, told PYMNTS that goal’s been made even harder with...
The digital age has brought with it a new, sophisticated twist to traditional fraud threats. But while the threat of cybercrime is constantly evolving, as bad actors and cybercriminals leverage the same bleeding-edge tools that organizations have at their disposal, it’s important for firms to...
American Express and Plaid have partnered to make it easier for customers to use FinTech apps. With their new customer-permissioned data sharing agreement, which is to launch this year, American Express customers will be able to connect to any of more than 8,000 apps and services powered by...
Bank impersonation is the most-reported form of text message scam. This form of scam — which begins with a text message that is a fake bank security message — accounted for 10% of all text message scams reported in 2022 and has become 20 times...
Hackers have reportedly stolen data from several users of file transfer tool MOVEit Transfer. That’s according to a Friday (June 2) report by Reuters, citing a disclosure from software maker Progress Software, which earlier in the week had revealed the vulnerability that it said could lead to potential...
Pay by bank transfer is an increasingly popular payment method for consumers, yet it also carries security concerns as it involves sharing banking details. We explore this and related issues in “New Payment Options: Building Stronger Customer Ties With Pay by Bank Transfer,” a PYMNTS...
Financial fraud is growing faster and more sophisticated, making smart defense crucial for today’s organizations. Still, as the world grows ever more digital, so too do consumers’ and corporations’ identities, as well as the authentication controls around them. This transition period has provided bad actors...
The value of U.K. cryptocurrency fraud hit a record high following the collapse of FTX. That’s according to a recent report by law firm RPC, which found that the value of fraud during the 12 months ending March 31 of this year was at £306...
When consumers think about how secure their bank accounts are, that can trigger a powerful emotional response to what is ultimately a matter of bank-grade security. This topic is analyzed in Consumer Authentication Preferences for Online Banking and Transactions, a PYMNTS and Entersekt collaboration, based on a survey...
