Security & Fraud

Security & Fraud
US Charges Loom Against Chinese Hackers
December 07, 2018

Criminal charges against a number of alleged hackers linked to China may come next week, levied by U.S. prosecutors, as reported by The Wall Street Journal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Security & Fraud
What An Alleged NSA Hack Reveals About Payments Cybersecurity
December 07, 2018

Not to ruin your holiday spirit, but let’s start this story with the cold and brutal truth: One of the largest risks that payments and commerce operators face in 2019 is being called to account by government officials, regulators or media about a failure to...

Security & Fraud
Huawei Transactions Flagged By HSBC AML Overseer
December 06, 2018

An overseer at HSBC flagged questionable transactions by Huawei Technologies, leading to the arrest of Huawei Chief Financial Officer Meng Wanzhou, according to a report by The Wall Street Journal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Security & Fraud
Deutsche Bank’s Exposure Grows In Danske Money Laundering Probe
December 06, 2018

Deutsche Bank’s exposure to the Danske Bank money laundering scandal has increased after the bank found it processed an additional €31bn of suspicious funds for Danske Bank than previously thought, reported Financial Times. Get the Full Story Complete the form to unlock this article and...

Security & Fraud
China May Have Been Behind Marriott Data Breach
December 06, 2018

The hackers behind that data breach at Marriott International may have been working for the government of China as part of an intelligence-gathering effort, reported Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Security & Fraud
Microsoft: India Cos Lose $10.3M From Cyberattacks Annually
December 06, 2018

A new study has revealed that a large-sized company in India loses an average of $10.3 million each year due to cyberattacks, while a mid-sized firm loses an average of $11,000 annually. Get the Full Story Complete the form to unlock this article and enjoy...

Security & Fraud
KPMG: How AI Defense Can Counter Faster Payments Fraud
December 06, 2018

Everything can seem right. But that’s only because the criminals are good. 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, PYMNTS Today. By...

Security & Fraud
Marriott CFO On Data Breach Cost: Too Soon To Say
December 05, 2018

After one of the largest data breaches in history, affecting an estimated 500 million guests, Marriott International Chief Financial Officer Leeny Oberg said the attack is too recent to estimate how much it will cost the company, and that it’s hard to compare attacks between...

Security & Fraud
US Regulators Urge Tech Innovation To Combat Financial Crime
December 04, 2018

Several regulatory agencies issued a joint statement Monday (Dec. 3) that urged banks to study and implement “where appropriate” methods that would bring innovate approaches to anti-money laundering efforts and Bank Secrecy Act compliance. Get the Full Story Complete the form to unlock this article...