Security & Fraud

Security & Fraud
FBI Charges Investment Manager in $10M Crypto Ponzi Scheme
November 20, 2022

Federal authorities have charged an Ohio man with taking part in a fraudulent cryptocurrency investment scheme that raised at least $10 million from investors. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Security & Fraud
Rising Deposit Fraud Disrupts FinTechs’ Customer Experience and Vibe 
November 18, 2022

Fraud is top of mind in tech — especially in payments — and not just because of the collapse of crypto trading firm FTX. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Security & Fraud
FTC Looks to Stop DK Automation Selling Alleged Fake Business Opportunities
November 16, 2022

Saying they made false claims promising consumers a “passive income,” the Federal Trade Commission (FTC) has taken action against DK Automation and its owners Kevin David Hulse and David Shawn Arnett.  Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Security & Fraud
FIs Embrace Biometric Payment Cards To Improve Security, Enhance User Experience
November 16, 2022

Last month, biometric payment cards that incorporate fingerprint scanners received a significant boost thanks to the publication of new specifications by EMVCo, the global card standards-setting body owned by Mastercard, Visa, American Express, Discover, JCB and UnionPay.  Get the Full Story Complete the form to unlock this...

Security & Fraud
Railsr Selects Featurespace for AML Analytics Tech
November 15, 2022

The U.K.-based embedded finance company Railsr announced on Tuesday (Nov. 15) that it has partnered with Featurespace to help protect Railsr customers from the threat of fraud. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Security & Fraud
Australia Eyes Ban on Paying Ransoms to Hackers
November 13, 2022

Australia could consider barring businesses from making ransomware payments to criminals, the country’s cyber security minister said Sunday (Nov. 13). 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
CFPB: Frauds and Scams Make up 40% of Crypto Complaints
November 10, 2022

They call it “pig butchering.” 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...

Security & Fraud
EU Approves Tougher Cybersecurity Rules for Financial Firms
November 10, 2022

Lawmakers in Europe have voted to finalize legislation that places tougher cybersecurity rules on financial firms. 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
Instant and Automated Payments Make Tempting Targets for Fraud
November 07, 2022

Faster B2B payments, back-office automation and alternative payments are all advancing rapidly, but these advances are creating new opportunities for fraudsters, so expect the innovation war between legitimate businesses and bad actors to heat up, not cool off. Get the Full Story Complete the form...