Fraud is growing faster, which means organizations’ defenses need to constantly be evolving. Today’s digitized payments landscape has given bad actors an increasingly sophisticated array of tools and tactics to defraud both businesses and individuals, making it mission-critical for organizations to defend their exposure points...
Tech rivals Apple and Google say they’re uniting against a common foe: unwanted tracking. “Location-tracking devices help users find personal items like their keys, purse, luggage, and more through crowdsourced finding networks,” the companies said Tuesday (May 2). “However, they can also be misused for unwanted tracking...
Security is top-of-mind for consumers as data breaches swirl across the headlines. To that end, as found in the report “Consumer Behaviors and Perceived Security Across Devices,” done in collaboration between PYMNTS and Entersekt, and as relayed by nearly 2,600 individuals, it seems the desire...
The U.K. has been experiencing a widespread payments fraud epidemic in recent years. And to stem the tide, U.K. regulators are preparing to mandate that banks reimburse victims of authorized push payment (APP) fraud, one of the popular scams in the country, whereby individuals or...
The U.K.’s new anti-fraud strategy reportedly places less burden on tech companies. As the Financial Times reported Monday (May 1), the British government is set to unveil the strategy as early as Wednesday (May 3), with the goal of coordinating lawmakers, police and private companies. However, the...
A former Apple buyer has been sentenced to three years in prison for defrauding the company of $17 million. Dhirendra Prasad of Mountain House, California, who was a buyer in Apple’s Global Service Supply Chain, was also ordered to pay over $19 million in restitution to Apple...
The last time the U.K. issued gambling regulations, the iPhone hadn’t been invented. Since then, advances in technology and an increase in betting among the public have rendered the country’s 2005 Gambling Act outdated, the British government said in a white paper published Thursday (April 27). It...
Banks are at a critical juncture in an era of increasing digital threats and a smartphone-centric culture. PYMNTS’ latest research shows that smartphones are already the go-to device for online financial activities for most consumers, particularly younger generations. Couple this shift with consumers’ desire for...
The physicality of face-to-face commerce has put a huge dent in fraud. Or at least some types of fraud. EMV chips have made it hard to clone cards. Chip, PIN and signature combinations have also been instrumental in keeping fraudsters at bay. Entersekt Co-founder and...
