Security & Fraud

Security & Fraud
US, Russian Banks Targeted By Hackers In ATM Scam
December 12, 2017

Moscow-based data security firm Group-IB reported Monday (Dec. 11) that a group of Russian hackers stole close to $10 million from several largely U.S. and Russian banks over the past year or more, and all by going after interbank transfer systems. Get the Full Story...

Security & Fraud
Big Banks Back Startup Menlo To Fight Phishing
December 12, 2017

With a new cyberattack hitting the news on what seems to be a weekly basis, financial heavyweights are investing millions of dollars into a cybersecurity startup that aims to paralyze phishing attacks. Get the Full Story Complete the form to unlock this article and enjoy...

Security & Fraud
A New Gift Card Hack For The Holidays
December 11, 2017

There seems to be no such thing as a Christmas vacation when one’s main profession is defrauding consumers and businesses. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Security & Fraud
NY Fed Ponders Legal Action Over $81M Bangladeshi Heist
December 08, 2017

In what may be a legal salvo over a monumental bank heist perpetrated by cyber thieves, the central bank of Bangladesh has asked the New York branch of the Federal Reserve to join forces in a lawsuit levied against another bank, this one based in...

Security & Fraud
NiceHash Hack Exceeds $64M In Bitcoin
December 08, 2017

A cryptocurrency mining market in Slovenia, which lost millions in bitcoin in a Wednesday (Dec. 6) cyberattack, is now claiming the hack likely came from an IP address outside the European Union. Get the Full Story Complete the form to unlock this article and enjoy...

Security & Fraud
OfferUp Is Pushing Trust, But Will Users Buy In Light Of Incidents?
December 08, 2017

OfferUp: the mobile app that connects local buyers and sellers, helping regular people get rid of their extra belongings. It’s also the mobile app that, unfortunately, can lead would-be buyers straight into criminals’ traps, where these tricksters demand money for products they are not actually...

Security & Fraud
Ashley Madison Is Still Not Safe For Cheaters
December 07, 2017

Remember that time that a string of celebrities had their private nude images published online? It could happen again, according to cybersecurity firm Kromtech — and this time with regular people. According to Forbes, Kromtech found that Ashley Madison, a dating site where adulterous spouses can...

Security & Fraud
The Role Of Private Secure Networks In Securing Online Transactions
December 07, 2017

The web is conduit to commerce and crime when it comes to online banking. In an interview with PYMNTS’ Karen Webster, InterComputer CEO Scott Volmar delved into the need for secure communications between parties — with a dash of robust authentication efforts thrown in for...

Security & Fraud
Suspected Botnet Crime Ring Boss Arrested
December 06, 2017

A cybercriminal described as the administrator of the Andromeda network has been arrested in a joint operation involving Belarus, Germany and the United States. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...