Federal authorities including the Department of Justice and the FBI announced Monday (June 11) that law enforcement arrested 74 people in the U.S. and overseas for engaging in international business email compromise schemes aimed at intercepting and stealing wire transfers from individuals and businesses. Get...
Unintentionally making themselves targets for scammers, customers may become vulnerable to fraud by complaining to banks on social media when systems crash. After problems with an information technology migration locked thousands of clients out of accounts at the U.K.’s TSB, for example, the bank saw...
Consumers want a seamless transaction. Banks and enterprises want to know the person trying to transact is legit. The digital realm is ripe with challenge and opportunity when it comes to eCommerce. As Entersekt boosts efforts in North America, says SVP Sherif Samy, a device...
Skillful criminals know how to use crowds — just ask anyone who has been pickpocketed in a subway station. Now that principle applies to Europe’s General Data Protection Regulation (GDPR) – at least according to one report. Get the Full Story Complete the form to...
The chairman of the U.S. Securities and Exchange Commission (SEC) is calling for more money from Congress to protect itself against “advanced” and “persistent” cyber threats. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Following a series of sophisticated cyberattacks, such as WannaCry and NotPetya, AIG received a surge of cyber claims in 2017: The insurer saw as many claims notifications as the previous four years combined, RT reported. Get the Full Story Complete the form to unlock this article...
It’s still early — hardly minute one — in the unfolding history of the General Data Protection Regulation, but a winner is emerging that is both familiar and big: Google. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Mastercard announced today that Simon Hunt, a cybersecurity expert, has joined the company as executive vice president to head the cybersecurity solutions unit. In a press release, the payment company said Hunt’s role will increase Mastercard security capabilities for its credit cardholders, customers, merchant and other...
As commerce goes increasingly digital, the bad guys are going omnichannel. More and more, according to Luke Reynolds, CPO at Featurespace, fraudsters are "going back to basics" across telephony and duping call center agents. Here's how FIs can ferret out the bad actors and avoid...
