Security & Fraud

Security & Fraud
Apple, Meta Provided Hackers With Customer Data Under Fraudulent Requests
March 30, 2022

Meta and Apple reportedly provided customer data to hackers masquerading as law enforcement, Bloomberg reported Wednesday (March 30). 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...

Security & Fraud
Money Laundering Crimes Surge Along With DOJ Arrests as 7 Plead Guilty
March 30, 2022

Over $2 trillion in illegally gained funds are reprocessed in the global economy as being legit despite the best efforts of financial institutions, new legislation passed by government agencies and crackdowns by law enforcement, according to the recent PYMNTS report, AI-Powered Analytics Help FIs Sharpen...

Security & Fraud
PYMNTS Crypto Crime Series: Latest DeFi Hack Drains Record $625M
March 30, 2022

The PYMNTS crypto crime series looks at the capers that have not only been committed in the cryptocurrency industry but have defined it — and especially bitcoin — in many people’s minds. Get the Full Story Complete the form to unlock this article and enjoy...

Security & Fraud
Hackers Use Fake Emergency Data Requests to Get Customer Info
March 30, 2022

Hackers are using email accounts and websites associated with police departments and other government agencies to send unauthorized demands for healthcare patient data, saying the information can’t wait for a court order, according to a Krebs on Security report Tuesday (March 29). Get the Full...

Security & Fraud
Fake Social Profiles Blur Line Between Scamming, Legitimate Marketing
March 30, 2022

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 marketing communications from PYMNTS and...

Security & Fraud
FinCEN Data Shows Increase in Identity-Related Filings, Stressing Importance of KYC Programs
March 30, 2022

The Financial Crimes Enforcement Network (FinCEN) published Monday (March 28) its Suspicious Activity Report (SAR) data for 2021. 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...

Security & Fraud
‘Axie Infinity’ Game Hacked for $540M in Crypto
March 29, 2022

Sky Mavis, a crypto startup operating the popular “Axie Infinity” game, said hackers had stolen over $600 million worth in cryptocurrency, The Wall Street Journal reported Tuesday (March 29). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Security & Fraud
Collaboration, Education and Payments Orchestration Key in the Battle Against Fraud
March 28, 2022

March 2020 changed how firms look at security and compliance. 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...

Security & Fraud
Cybercriminal Sentenced to 66 Months for Online Fraud
March 25, 2022

An Estonian man on Friday (March 25) was sentenced to 66 months in prison for his role in a years-long scheme that included computer hacking, moving stolen goods and money and using stolen financial account information to make money, according to a U.S. Justice Department...