Security & Fraud

Security & Fraud
Fake Businesses Emerge as New Front in War on ID Fraud
February 21, 2022

As digital commerce and payments grow, fraud grows with it. That’s going to get worse before it gets better as merchants and their payments partners decipher the many-faced fraud beast. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Security & Fraud
OpenSea Investigates NFT Phishing Attack
February 20, 2022

OpenSea is looking into a phishing attack for non-fungible tokens (NFTs), according to Co-founder Devin Finzer, Bloomberg reported Sunday (Feb. 20). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Security & Fraud
Parking Operators Deploy Digital Tools, Education to Combat QR Code Fraud
February 18, 2022

If you see a brand-new, shiny QR code sticker on an older, weathered sign, you should take a closer look before using it or allowing your customers to use it. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Security & Fraud
SEC Charges Infinity Q Capital Founder With Valuation Fraud
February 17, 2022

The U.S. Securities and Exchange Commission (SEC) has charged James Velissaris, former chief investment officer and founder of Infinity Q Capital Management, with overvaluing assets and pocketing tens of millions, a press release says. Get the Full Story Complete the form to unlock this article...

Security & Fraud
Banking Customers Demand More Security — But Not if it Hurts User Experience
February 17, 2022

When accessing their digital financial accounts, customers want to have a choice of channels and devices to use. They also want to have a great user experience (UX), whether via a desktop website, app or mobile browser. Get the Full Story Complete the form to...

Security & Fraud
FBI Targets Crypto Over Ransomware Crimes
February 16, 2022

With ransomware on the rise, the FBI is looking at cryptocurrency as the main way these cybercrimes are facilitated, Bloomberg reported Wednesday (Feb. 16). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Security & Fraud
NFT Chargeback Exclusion Points to Growing Concerns Over Fraud
February 16, 2022

Hermès Birkin bags start at $12,000 and stretch into the stratospheric from there. In December, an artist sold a nonfungible token (NFT) featuring an image of a reimagined Birkin for $42,000. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Security & Fraud
Colorado Eyes Requiring Personal Data for Third-Party Sellers to Curb Fraud
February 14, 2022

Online shoppers are likely to find ‘mystery packages’ on Facebook Marketplace that are actually situations where the shopper pays for a box of unknown goods which have been stolen from porches or shoplifted, according to a Monday (Feb. 14) report from the Greeley Tribune. Get...

Security & Fraud
PYMNTS Crypto Crime Series: With $1B Hacked, Cross-Chain Crypto Payments May Be in Jeopardy
February 11, 2022

Welcome to PYMNTS’ series on crypto crime. In it, we’ll be looking at the crimes that have not only been committed in the cryptocurrency industry but have defined it — especially bitcoin — in many people’s minds. Get the Full Story Complete the form to...