Security & Fraud

Security & Fraud
Financial Crime Swamps Government Efforts, Demanding a High-Tech Approach
January 24, 2022

Financial crime — you can call it economic crime, too — is, of course, everywhere. 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,...

Security & Fraud
Intuit’s TurboTax Still Being Probed by FTC Despite Limited Power
January 21, 2022

The U.S. Federal Trade Commission (FTC) is staying the course with its fraud investigation into Intuit’s TurboTax even though the Supreme Court reeled in the agency’s powers to hand down penalties in consumer fraud cases, The Information reported, citing unnamed sources with insider information. Get...

Security & Fraud
New Year, Same Fraud: Why Payments Fraud Tactics May Look Much the Same in 2022
January 21, 2022

In 2022, when it comes to phishing, application and payments fraud — and all the scams that aim to part us from our money — expect more of what we’ve seen over the last two years of the pandemic, Robin Love, vice president, product management...

Security & Fraud
FBI Warns of QR Code Cybercrimes
January 20, 2022

The FBI is warning the public that cybercriminals have been tampering with Quick Response (QR) codes to redirect victims to malicious sites that steal their login and financial information, according to a Tuesday (Jan. 18) public service announcement. Get the Full Story Complete the form...

Security & Fraud
PYMNTS Crypto Crime Series: The $612 Million Heist That Wasn’t
January 20, 2022

What kind of thief gives back $612 million a few days later, saying it was all a prank aimed at showing how poor his victim’s security system is? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Security & Fraud
Protecting Corporate Payments Requires Collaboration on Multiple Fronts
January 20, 2022

Preventing payments fraud is a multilayered problem that requires a multilayered approach, Allen Shiber, chief technology officer at nsKnox, told PYMNTS. 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
US Probes Alibaba’s Cloud Unit Security on US Consumer Data Concerns
January 18, 2022

The Biden administration is looking at Alibaba’s cloud business and determining whether that facet of the eCommerce titan is a risk to U.S. national security, Reuters reported Tuesday (Jan. 18). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Security & Fraud
If You Were a Victim of Payment Fraud, Would You Know?
January 17, 2022

How long would it take you to realize you were the victim of payments fraud — an hour? A day? A week? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Security & Fraud
‘Unauthorized Activity’ Leads to Withdrawal Suspension on Crypto.com
January 17, 2022

Cryptocurrency exchange Crypto.com suspended withdrawals on its platform on Monday (Jan. 17) after users reported “unauthorized activity” on the platform. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....