Security & Fraud

Security & Fraud
Data Orchestration Can Beat Fraudsters at Their GPT Identity-Theft Games
May 31, 2023

Financial fraud is growing faster and more sophisticated, making smart defense crucial for today’s organizations. 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
Report: FTX Collapse Triggered 41% Spike in UK Crypto Fraud
May 30, 2023

The value of U.K. cryptocurrency fraud hit a record high following the collapse of FTX. 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
Gen Z Consumers Give Banks Less Than a Passing Grade on Bank Authentication
May 26, 2023

When consumers think about how secure their bank accounts are, that can trigger a powerful emotional response to what is ultimately a matter of bank-grade security. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Security & Fraud
Bank’s Best Customers Now Willing to Trade Convenience for Security
May 26, 2023

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 and...

Security & Fraud
64% of FIs Report Increases in Fraud Attacks on Credit and Debit Cards 
May 25, 2023

The heated battle between fraudsters and financial institutions (FIs) got hotter during the pandemic-era run-up in eCommerce and the use of alternative payment methods. This joyless game of whack-a-mole is keeping fraud fighters busy, but their adversaries never sleep. Get the Full Story Complete the...

Security & Fraud
China Cracks Down on AI Amid Rise in Deepfake Scams
May 22, 2023

China has reportedly heightened scrutiny of “deepfake” tech amid a rise in artificial intelligence (AI)-driven 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...

Security & Fraud
DOJ: Las Vegas Man Charged in $45 Million CoinDeal Scheme
May 19, 2023

Another person has been charged for allegedly participating in the multimillion-dollar CoinDeal investment fraud scheme that was announced in January. 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
Pay.UK Says Controlling UK’s Payments Fraud Epidemic Needs More than AI
May 16, 2023

Over £1.2 billion ($1.5 billion) in the U.K. was stolen through authorized and unauthorized financial fraud in 2022, according to a recently published UK Finance report. And while that amounts to an 8% drop compared to 2021 figures, there’s no debate that the battle to prevent...

Security & Fraud
UK Records $1.5 Billion in Fraud in 2022
May 14, 2023

Fraudsters stole more than £1.2 billion ($1.5 billion) in the U.K. last year, down 8% since 2021. 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...