Security & Fraud

Security & Fraud
FinCEN Warns Banks to Watch for Passport Card Fraud
April 15, 2024

Federal authorities are warning banks against the rising threat of passport card fraud. 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....

Security & Fraud
Third-Party Vendors Emerge as Data Security Threat
April 15, 2024

In today’s digitized operating environment, a business is only as good as its cyber defenses. 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,...

Security & Fraud
Roku Reports 591,000 Accounts Impacted by ‘Credential Stuffing’ Attacks
April 12, 2024

Roku disclosed to its customers Friday (April 12) that 591,000 accounts were impacted by two separate cyberattacks. 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...

Security & Fraud
Report: Morgan Stanley Facing Probes of Anti-Money Laundering Practices
April 11, 2024

Morgan Stanley is reportedly facing investigations by several agencies into how its wealth management division vets and monitors clients who may pose money-laundering risks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Security & Fraud
Investigation Into Morgan Stanley’s Wealth Arm Underscores Scrutiny of AML and Onboarding Efforts 
April 11, 2024

Anti-money laundering (AML) defenses might begin at the point of onboarding. 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 completing...

Security & Fraud
FI Execs Curb Their Enthusiasm for Open Banking
April 11, 2024

Open banking, the legal framework permitting secure data sharing amongst financial institutions (FIs) and third-party FinTechs to enhance the products and services they offer consumers, has proven to be popular with both regulators and consumers. Get the Full Story Complete the form to unlock this article and enjoy...

Security & Fraud
Linked Analysis Evolution Breaks Down Silos as CUs Battle Fraudsters
April 10, 2024

There’s no shortage of damage payments and social engineering fraud can do to a company as well as its member relationships. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Security & Fraud
FBI: More Than $12 Billion Lost to Online Fraud in 2023
April 08, 2024

American consumers and business owners lost a record $12.5 billion last year to online scammers, marking a 22% spike in cybercrime over 2022, according to the FBI.    Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Security & Fraud
3DS 2.0 Demands More Attention as Fraud Defense From Issuers and Merchants
April 08, 2024

Dewald Nolte, chief strategy officer at Entersekt, said 3-D Secure (3DS), the security protocol that was refreshed seven years ago, is an essential tool in fighting fraud. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...