Ukrainian police have carried out more than 20 raids against alleged ransomware hackers from a group called Clop, which has been blamed for the loss of nearly a half billion dollars in cyberattacks, the Associated Press (AP) reported. The attacks have especially affected the U.S....
Software security firm McAfee discovered a security flaw in the Android operating system powering Peloton Bike+ that could potentially give hackers the ability to spy on riders or steal their personal data, McAfee said in a press release. Sam Quinn and Mark Bereza, both security researchers...
To get a sense of just how pervasive the digital shift has become, identity verification provider Jumio said it recently crossed the milestone of processing more than one million identity verifications a day. Bala Kumar, Jumio’s newly installed chief product officer, told PYMNTS that Jumio’s...
Ransomware hackers are now the biggest cybersecurity threat in the U.K. for the majority of individuals and businesses in the region, Lindy Cameron, chief executive of the National Cyber Security Centre (NCSC), said in a speech. “For the vast majority of UK citizens and businesses, and...
In keeping with the adage that “no good deed goes unpunished,“ it turns out that those popular promotions and discounts that restaurants use to reward existing customers and attract new ones are also a favorite venue for fraud. In a recent conversation with PYMNTS, Vikram Dhawan,...
Synthetic fraud is on the rise and evolving, with research showing that 85 percent to 95 percent goes undetected by traditional fraud models. In an interview with PYMNTS, AU10TIX Chief Product Officer Jonathan Wilson said advanced technologies are critical components of any defense against fraudsters...
The fact that fraud levels spiked throughout the pandemic is well-known. Less reported on, but equally pressing, is the fact that fraud hasn’t only increased in amount, but it has gotten smarter, more sophisticated and harder to spot. As NuData Vice President of Product Development Dave...
(Editor’s Note: The original version of this story has been updated with new comments from VW) Information about 3.3 million customers and prospective buyers of Volkswagen (VW) brands (Volkswagen is owner of more than a dozen automotive brands — including Audi, Bentley, Lamborghini and Porsche) was...
Cybercrime in Europe doubled in the past year as hackers took advantage of the pandemic, CNN reported, citing figures from the European Union. The European Union Agency for Cybersecurity (ENISA), told CNN that 2020 had more than double the number of attacks over the previous...
