Artificial intelligence (AI) and machine learning (ML) are helping merchants and online platforms get smarter about detecting risk. The bad guys have high tech too. Deepfakes are gaining ground, along with synthetic identities. Major payments players are fighting back with a unity of sophisticated AI,...
The chain of data protection – keeping the most sensitive information out of the hands of hackers and other bad actors – is only as strong as its weakest link. In the age of open banking, where data access can be broad indeed – where...
Millions of pounds were swiped from Barclays accounts in a phishing scam by a fraudster using a Monzo account and a payments initiation service provider (PISP), The Telegraph reported. PISPs are a newer concept, introduced by the revised European Payment Services Directive (PSD2), and give...
A 34-year-old man and a 33-year-old woman, both from California, were arrested in Hawaii for submitting fraudulent COVID-19 test results in an effort to skirt a traveler quarantine requirement that’s aimed at keeping the spread of the coronavirus at bay across the islands, the Associated...
Cryptocurrency hackers stole from at least 6,000 Coinbase Global accounts in a hack between March and May 20, according to a breach notification letter sent to the customers who were affected, Reuters reported on Friday (Oct. 1). The California Attorney General’s office posted a copy...
Among the key advantages of payments orchestration — which allows merchants and platforms to connect to any combination of payment service providers (PSPs) through a single application programming interface (API) connection — are higher conversion rates and enhanced customer satisfaction. As Spreedly Head of Product...
Neiman Marcus Group has said it notified around 4.6 million online users that their personal data could have been accessed in a data breach dating back to May 2020, Reuters reported. For the millions of customers being notified about the incident, “approximately 3.1 million payment...
5G networks are fast emerging as reality, bringing with them lower latencies and blazing connectivity that promise to transform how people live, work and play. But for all the advantages 5G brings, enhanced cybersecurity is not one of them. On the contrary, for those building...
Passwords are, in a word, broken. We all know this — and yet we continue to use them almost reflexively. “Passwords provide a poor user experience in part because you need to remember all of them, and they’re an insecure form of authentication,” Entersekt Digital...
