Depending on the industry, business-to-business (B2B) payments require different security measures to safeguard their systems. And with fraud remaining a top concern for B2B firms, adopting the right payment technology is increasingly critical to protecting businesses’ bottom lines. For example, 47% of B2B firms have...
Fraudsters defraud. It’s their job, just as it is for the equally committed army of digital warriors who are paid to combat them. In the middle, there are victims, both consumers and businesses, who are targeted in new ways every day and everywhere. In examining...
Fake medical documents and fabricated “evidence” are two new schemes being deployed by ransomware groups. Krebs on Security reported Thursday (Dec. 8) that these schemes are being deployed by groups that have had trouble getting paid via other ransomware methods. In one new scam, healthcare...
New government data shows digital natives are falling for some online scams more than elders. In short, engagement — not age — is the primary predictor of an online attack. According to the Consumer Protection Data Spotlight report from the Federal Trade Commission (FTC) released...
A federal grand jury has charged two operators of payment processing companies with bank fraud. The grand jury in Chicago charged the two Illinois men — Michael D’Ambrose, 62, of Chicago, and Scott Apgar, 43, of Roscoe — with 16 counts of bank fraud, the...
Younger people are more likely than older adults to report losing money to fraud. The Federal Trade Commission (FTC) reported Thursday (Dec. 8) in a Data Spotlight that adults between the ages of 18 and 59 were 34% more likely than those 60 and older...
The U.K.’s payment regulator has outlined new rules to combat authorized push payment (APP) fraud. The Payment Systems Regulator (PSR) published new rules for banks and building societies on Thursday (Dec. 8), requiring them to report details about APP fraud, including the rates of APP...
Corporate fraud may be on the rise, but so is highly aggressive corporate fraud-fighting. As Nithai Barzam, chief operating officer at cybersecurity FinTech nsKnox, told PYMNTS for the “Executive Insights Series — Top of Mind,” he’s focused on the hurdles his clients must clear every...
The Swiss digital bank Alpian will use the Napier Continuum financial crime compliance platform. The developer of the platform, Napier, announced the partnership in a press release on Wednesday (Dec. 7), stating that it will supply Alpian with its full suite of financial crime compliance...
