Security & Fraud

Digital ID and KYC Platforms Potent Weapons Against Accounts Receivable Fraud
Security & Fraud
Digital ID and KYC Platforms Potent Weapons Against Accounts Receivable Fraud
February 03, 2023

 Not knowing who’s on the other side of the transaction is expensive. 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...

FedNow Says Features Will Help FIs ‘Raise the Bar’ on Fraud Management
Security & Fraud
FedNow Says Features Will Help FIs ‘Raise the Bar’ on Fraud Management
February 01, 2023

The Federal Reserve’s FedNowsm Service, a new instant payments infrastructure for the nation’s financial institutions (FIs), is expected to catalyze broad access to instant payments for consumers and businesses. When it launches later this year, the 24/7 service will come equipped to support popular use...

FTC Unit Aids With Criminal Prosecutions of Scammers
Security & Fraud
FTC Unit Aids With Criminal Prosecutions of Scammers
January 30, 2023

When scammers took in $1.2 million from small businesses and nonprofits, the FTC acted. 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...

Authorities Infiltrate and Shut Down Ransomware Group That Took $100M 
Security & Fraud
Authorities Infiltrate and Shut Down Ransomware Group That Took $100M 
January 26, 2023

A global ransomware group has been shut down by American, German and Dutch authorities. 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...

Surveillance Firm Hawk AI Raises $17M as Financial Crimes Grow
Security & Fraud
Surveillance Firm Hawk AI Raises $17M as Financial Crimes Grow
January 26, 2023

Hawk AI has raised $17 million to boost its fraud prevention and anti-money laundering efforts. 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...

Inscribe Raises $25M to Expand Fraud Detection Capabilities
Security & Fraud
Inscribe Raises $25M to Expand Fraud Detection Capabilities
January 25, 2023

Inscribe has raised $25 million to expand its fraud detection capabilities and introduce risk intelligence tools. 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...

Major Hacks Highlight Evolving Ransomware Threat in Europe
Security & Fraud
Major Hacks Highlight Evolving Ransomware Threat in Europe
January 23, 2023

A string of major hacks in Europe has put ransomware in the spotlight. 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....

Online Scam Complexity Is Paradoxically Keeping Banks’ Fraud Controls Offline
Security & Fraud
Online Scam Complexity Is Paradoxically Keeping Banks’ Fraud Controls Offline
January 20, 2023

As long as banks have been around, they’ve been tremendously attractive targets for “robbers.” 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...

85% of CFOs Are Prioritizing Fraud Controls for Incoming Payments
Security & Fraud
85% of CFOs Are Prioritizing Fraud Controls for Incoming Payments
January 20, 2023

New PYMNTS data shows that businesses’ accounts receivable operations have been underfunded for fraud prevention. 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,...