Security & Fraud

Security & Fraud
Ransomware Hacks Costs Exceed $25M
July 28, 2017

With ransomware cyberattacks raging, companies and individuals have paid out more than $25 million during the course of the last two years in an effort to get their data back from hackers. Get the Full Story Complete the form to unlock this article and enjoy...

Security & Fraud
North Korean Hackers’ New Target? Bank Accounts
July 28, 2017

In news good for no one anywhere, it seems the North Korean army of cybercriminals has decided to reorganize itself to prioritize greater specialization.  According to WSJ reports out this morning — the cyber dark army has splintered into smaller groups and is increasingly focused...

Security & Fraud
BTC-e Operator Indicted Following Tuesday Arrest
July 28, 2017

Alexander Vinnik, the 38-year-old Russian man behind the bitcoin exchange BTC-e, has been arrested and indicted. Reuters reported news that a U.S. jury made the decision on Wednesday (July 26). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Security & Fraud
Barclays Reveals Client Names To German Finance Agency
July 28, 2017

Barclays, the U.K. investment bank, has reportedly revealed the names of clients as well as trading information to the German Finance Agency by accident. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Security & Fraud
Mastermind Behind BTC-e Virtual Currency Exchange Arrested In Greece
July 27, 2017

Alexander Vinnik, the 38-year-old Russian man who is accused of being behind the BTC-e virtual currency exchange and bitcoin laundering $4 billion or more, has reportedly been arrested in Greece. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Security & Fraud
Italy’s UniCredit Announces Data Breach Affecting About 400,000 Customers
July 27, 2017

Italy’s UniCredit has confirmed that the personal financial data of about 400,000 customers has been compromised. 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
Teenage Do-Gooder Arrested in So-Called ‘Cyberattack’
July 26, 2017

A teenager trying to help the Budapest Transport Authority (BKK in Hungarian) patch its online payment system was instead arrested for his good deed and accused of launching a cyberattack against the organization. Get the Full Story Complete the form to unlock this article and...

Security & Fraud
PSD2 Is Coming To Europe And Bringing Big Changes
July 26, 2017

Come next year, FIs will need to share consumer data with FinTechs and merchants courtesy of PSD2. In the latest PYMNTS Digital Identity Tracker™, powered by Socure, Euro Banking Association Secretary General Thomas Egner shares the ways in which FIs must protect this newly shared...

Security & Fraud
Wells Fargo Faces Scrutiny Over New Data Breach
July 25, 2017

Wells Fargo, reeling from a fake account scandal, is facing more regulation scrutiny due to the unauthorized release of client data on tens of thousands of bank accounts. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...