Radio frequency identification (RFID) firm Nedap has debuted its iD Cloud Loss Prevention, a cloud-based Software-as-a-Service (SaaS) program that enables merchants to recognize, assess and prevent merchandise losses, according to a Thursday (Nov. 18) press release. The integrated suite aims to create flawless inventory visibility,...
The U.S. Justice Department is set to begin liquidating roughly $56 million in fraud proceeds seized during its investigation into the cryptocurrency BitConnect. According to a Justice Department news release, the liquidation represents the largest ever single recovery of cryptocurrency fraud by the government. The...
The impulse buy will be hallmark of the 2021 holiday shopping season. Supply chain snarls mean we’re all on the hunt for the things we want — maybe even need — to fill online baskets, with increasing urgency, and perhaps panic. After all, that Xbox,...
Digital identity verification is being put through its paces during the pandemic as remote onboarding of consumers keeps skyrocketing, bringing a reenergized wave of financial crime with it. As troubling as the rise in false identities and resulting consumer fraud were in 2020, this year...
Is a ransomware attack still a ransomware attack if the attacker doesn’t demand a ransom? That’s the question posed by MosesStaff, a group of hackers who have begun targeting organizations in Israel with the aim to solely steal information and cause political damage, Zero Day...
ACI Worldwide is introducing its proprietary Network Intelligence Technology to give banks and payment providers the ability to share fraud signals and better use machine learning capabilities to detect and fight deception, according to a press release on Monday (Nov. 15). The company’s new technology...
The U.S. and Israel are working together on fighting ransomware, a report from Bloomberg says. The two nations have put together a joint cybersecurity initiative, coming less than two weeks after the N50 Group, which makes Pegasus spyware, was blacklisted along with another Israeli company....
Retail giant Costco Wholesale Corporation sent letters this month to its customers alerting them that their payment information may have been stolen through a credit card skimmer while they were shopping at one of their stores, according to a BleepingComputer report Friday (Nov. 12). Costco...
Banking customers’ expectations of their financial institutions (FIs) are changing as more transactions and activity go digital — at warp speed. “Staying on top of these evolving product trends … is something the FIs will really need to cater to,” Paramita Bhattacharjee, vice president, product...
