In 2022, when it comes to phishing, application and payments fraud — and all the scams that aim to part us from our money — expect more of what we’ve seen over the last two years of the pandemic, Robin Love, vice president, product management...
The FBI is warning the public that cybercriminals have been tampering with Quick Response (QR) codes to redirect victims to malicious sites that steal their login and financial information, according to a Tuesday (Jan. 18) public service announcement. “Businesses use QR codes legitimately to provide...
What kind of thief gives back $612 million a few days later, saying it was all a prank aimed at showing how poor his victim’s security system is? A crypto criminal. What kind of con man hijacks a presidential candidate’s Twitter account, telling Joe Biden’s...
Preventing payments fraud is a multilayered problem that requires a multilayered approach, Allen Shiber, chief technology officer at nsKnox, told PYMNTS. Payment fraud is difficult to prevent because it comes in many forms and from different places, Shiber said. Firms must be protected from bad...
The Biden administration is looking at Alibaba’s cloud business and determining whether that facet of the eCommerce titan is a risk to U.S. national security, Reuters reported Tuesday (Jan. 18). The probe will look into how Alibaba stores U.S. client data, including personal info and...
How long would it take you to realize you were the victim of payments fraud — an hour? A day? A week? According to PYMNTS’ research, it took almost a quarter of consumers a week or more to realize they’d been the victim of payments...
Cryptocurrency exchange Crypto.com suspended withdrawals on its platform on Monday (Jan. 17) after users reported “unauthorized activity” on the platform. According to a CoinDesk report, the platform sent an update that required users to sign back into their accounts and reset their two-factor authentication. On...
Is nothing sacred? Not to cyberthieves. The 2021 holiday shopping season was likely the most digitally secure in history, but that didn’t stop baddies from plying their wicked online trade. Be it unintentional friendly fraud or the purely malevolent variety, online payments security is coming...
Parking meters are the latest avenue fraudsters are hitting, with police in several cities warning people to watch for fake QR codes intended to intercept payments and steal credit card information, according to multiple reports on Thursday (Jan. 13). Fraudulent QR code stickers were first...
