In A Decade of Digital Transformation in 12 Months, 46 C-suite executives spoke with PYMNTS for its Q2 eBook on what the world will look like as recovery rolls on and the next iteration of normal rolls out. In this excerpt, Marc Olesen, president and...
Approaches to ransomware payoffs are getting a lot of attention from government agencies, cybersecurity firms and think tanks, but the FBI has now handed down its official recommendation to Congress: Don’t make the payments illegal, CNN reported on Wednesday (July 28). “If we ban ransom...
The U.S. Department of Justice (DOJ) is doing a deep dive into Tether to ascertain whether the bosses behind the stablecoin held back information from banks that transactions were connected to cryptocurrency, Bloomberg reported on Monday (July 26), citing sources. The possible criminal conduct in...
What is a bank? Seems like a simple enough question, but in an era of digital-only challenger banks with lofty valuations and purpose-built missions and products, the answer can be slightly more complex. Challenger banks, Ingo Money CEO Drew Edwards said, have done a great...
If you’d have asked anyone 10 years ago about the state of the paper check in 2021, the answer might have come back in a single word: Moribund. But a decade later, even with the great digital shift well underway, the imminent demise of those...
Unemployment fraud is on the rise, according to Reuters, and it’s drawn a critical eye to ID.me, which works in the business of verifying identities. There has been an “unprecedented” level of people faking their identities to access jobless benefits, the report says. Authorities, therefore,...
Kaseya, the Florida company that fell victim to a ransomware attack in early July, has now come into possession of a universal key that can decrypt the over-1,000 businesses and public organizations that were affected by the attack, the Associated Press writes. Dana Liedholm, spokeswoman...
“Everyone’s at risk — and everyone’s a target.” To that end, Mark Luber, chief product officer at Equifax, told Karen Webster that in an increasingly digital world, lenders being targeted by fraudsters need better methods of identifying security gaps — before the bad actors breach...
A new piece of legislation would require some companies to inform the federal government if they’ve become the victim of a cyberattack. As CNBC reported on Wednesday (July 21), the bipartisan Cyber Incident Notification Act was created in the wake of two high-profile hacking events:...
