Security & Fraud

Security & Fraud
No Place For Hate Group Transaction Laundering
September 01, 2017

Agree or disagree with the Second Amendment, there’s nothing wrong with a website selling goods like hats and t-shirts to people who wish to wear their support on their sleeves. Or is there? Banks didn’t notice it at first, but on closer scrutiny, one particular...

Security & Fraud
Essential Admits To Accidental Leak Of Customer Data
August 31, 2017

Ooops. 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 this form, you agree to receive marketing communications from PYMNTS...

Security & Fraud
Alleged UK Bank Hacker Extradited From Germany
August 31, 2017

U.K. officials have extradited the man who allegedly masterminded a cyberattack earlier this year that impacted two of England’s biggest banks. They have accused 29-year-old Daniel Kaye, who was found in Germany, of using an infected computer network to damage and blackmail both Barclays and...

Security & Fraud
Financial Firms Turn To Insurance For Operational Risks
August 31, 2017

Cyber crime, cyber attacks and rogue traders have cost banks around the globe a lot of money, and they are increasingly turning to insurance firms to counter those so-called operational risks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Security & Fraud
Automatic Ads: An Invitation For Fraud?
August 30, 2017

Advertisers are spending billions of dollars on ad campaigns that human eyes never see, and understandably, they’re not too happy about it. Google is issuing platform fee refunds after discovering that the advertising tool DoubleClick Bid Manager had placed campaigns by hundreds of its marketers...

Security & Fraud
Mutant Malware Able To Slip Past Antivirus Tools, Experts Warn
August 30, 2017

Cybersecurity consulting firm Akouto Consulting has a warning for businesses: There has been an increase in instances of malware able to bypass traditional antivirus measures, threatening business bank accounts. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Security & Fraud
FTC Warns of Fraudulent Charities In Wake Of Hurricane Harvey
August 30, 2017

When a disaster strikes, consumers and businesses are typically ready to open their hearts and wallets to offer donations to help the victims, but not every organization soliciting money is on the up-and-up. Such is the case in the wake of Hurricane Harvey, as government...

Security & Fraud
Man Plus Machine: Better Together In The Fight Against Fraud
August 30, 2017

Fraudsters are like those wanton drivers running red lights while they text or granting themselves the right of way in a rotary when the law says they have to yield. These people drive by their own set of rules, which are often known to no...

Security & Fraud
Tech, Security Firms Join Forces To Take Down WireX
August 29, 2017

A group of technology and security companies joined forces despite being competitors to take down WireX, a new cybercrime machine that was made up of tens of thousands of Android mobile devices that were hacked by DDoS (denial-of-service) attacks. Get the Full Story Complete the form...